BUS120 Personal Finance
Norsk emneinformasjon
Search for other courses here
Select other year
Showing course contents for the educational year 2021 - 2022 .
Course responsible: Atle Guttorm Guttormsen
ECTS credits: 5
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
(NO=norsk, EN=Engelsk)
Teaching exam periods:
This course starts in Autumn parallel. This course has teaching/evaluation in Autumn parallel.
In 2022 also Spring parallell.
Course frequency: Annually
First time: Study year 2017-2018
Course contents:
Background Knowledge
Time value of money
Personl finance through different life stages
Development of income, family growth, yong children, older children
What does it cost to live, family budget, SIFO's reference budget
Electricity prices, interest rates for home mortage, cost of having a car
Saving, should we save? how should we save?
Saving, real estate, bank, stocks, bonds, funds
Real estate economics, housing prices, purchase and financing of real estate
Mortgages, car loans, credit cards, other loans, paying back your loan
Risk management for the household
Credit
Personal taxes, a practical overview
Property Tax
Wealth Tax
Starting a business, how to organize
Basic understanding of the pension system and National Insurance Scheme
Other pensions
Various social benefits, disability insurance
Economic consequences of marriage
Rights when you buy something
Learning outcome:
After completion of the course, students will:
- have thorough knowledge and understanding of personal economic challenges throughout life
- have thorough knowledge and understanding of the most common financial investment options relevant to the private investor
- have thorough knowledge and understanding of the most common financing options applicable to individuals
- have knowledge of and understanding of tax issues related to taxation of individuals
- have knowledge of and understanding of how the retirement system is built up
After completion of the course, students will:
- understand the time value of money and be able to apply these knowledge in specificissues for personal finance
- have thorough knowledge and understanding of financial investments and be able to apply the knowledge based on specific examples
- be able to assess the risk associated with financial investments based on specific examples
- have knowledge of and understanding of tax issues related to taxation of individuals as well as apply knowledge on specific issues
After completion of the course, students will:
- be able to independently reflect on the assumptions and assumptions behind the criteria and method of investment in securities, bank savings and retirement savings.
- have insight into economic challenges like; inheritance and tax, household / personal budget and comprehensive risk management
Learning activities:
Digital lectures, assignments, independent work, group work, guest lectures
Syllabus:
Will be announced in Canvas before the cours
Recommended prerequisites:
Mandatory activity:
Some of the lectures are mandatory. Mandatory assignments (group work and individual).
Assessment:
3 hours written home exam (counts 100 %) in the exam period.
Nominal workload:
125 hours
Examiner:
Examination details: Written home exam: Passed / Not Passed