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Regular version of the site

Personal Finance and Welfare Management

Monday 1 July - Friday 12 July, 2019

2 weeks = 4 ECTS

Course Description

This course focuses on personal finance, welfare management with elements of rational boundary. Its conception combines traditional and behavior finances, and visualization of personal entrepreneur’s skills.

Course Content

  • Financial literacy and financial math
  • Personal taxation and taxation planning
  • Elements of insurance
  • Sole entrepreneurship and startups
  • Special tax regimes for entrepreneurs
  • Personal investments and financial risks


The course lasts two weeks (20 hours of classes per week). Assessment is made on the results of individual project work.


Basic knowledge in financial economics. Participants are selected on the basis of a motivation letter. You are welcome to submit a research project too (optional). Research proposals might be presented during "open day". The best one will be published. 

Learning Outcome

Upon the course completion you will gain skills in budgeting:

  • evaluating personal investments
  • assessment of personal risks in a turbulent economy
  • planning and forecasting models
  • business skills


Course Lecturers

Vasilisa A. Makarova

Associate Professor, ex-tutor of ACCA tax programme( P6), Head of the Minor “Personal and behavior finance”

Olga Frolova

Associate Professor, PhD

Liudmila Kezhun

Associate Professor, PhD, Coordinator of Economics Programme

Proceed to application