Personal Finance

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• different forms of mortgage and other types of loan
• the importance of planning for retirement
• the major taxes that impact upon financial decisions
• understanding finance theory decision-making and valuing financial assets

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• demonstrate competence generally in numerical analysis and problem solving
• demonstrate effective written communication

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• demonstrate an understanding of the important issues when conducting personal financial planning
• Demonstrate an understanding of the main aspects of savings

Balancing your personal budget

Appreciating the limitations of financial regulation

Managing your debt

Understanding income tax and national insurance

Building your savings

Understanding capital gains tax and inheritance tax

Investing for the future

Buying your own home

investing in buy-to-let property

Using insurance to manage your risks

Planning for your retirement

Making your will

Weekly lectures will provide an overview of the main issues arising in the module.

Weekly classes will supplement the lectures which will support student learning by providing opportunities for students to attempt, and gain feedback on, numerical and problem-solving exercises. You will also have the opportunity for both directed and non-directed independent reading.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

In-class activities

• Assessment Type: Formative
• Feedback: Feedback from in-class activities will be provided in the classes and further feedback can be sought from the module leader during their office hours.
• Final Assessment: No
• Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.