5911618: FU_Personal saving and investing principles in a digital and sustainable world

Beschreibung

Personal saving and investing principles in a digital and sustainable world - Learn, apply and pass on to others

This is an interactive and practical course on all kind of questions about managing personal and individual financial situations in daily life with a focus on the specific needs of young people.

We will start with 2 interactive input days at the beginning of the semester. Over these 2 days, we provide students with an overview on personal finance to help them to immerse themselves in a general understanding of the topic and on how to solve the assignments.

This is followed by 2 days, reserved for active contributions of students. We will form several groups. Each group will provide 2 short presentations, one is on a general topic related to saving and investing, one is the presentation on a combination of savings and Investment plan to develop their future wealth. Based on the discussion of the last two days, each group will deliver a written paper (academic style) on their 2 topics (the first about min. 3 pages, the second min. 6 pages) within the following 3-4 weeks.

The final goal of the module is to put the written papers together producing a guideline for young people. Students should be able to pass their beneficial new knowledge to the peer group, convincing them to start saving and investing for their own future.

24 = 6 groups, max. 4 members each
We would prefer per group if several / all study disciplines would be represented.

Ziele

Participants will …

• learn basic personal finance related principles and know how to apply them in specific situations;
• develop their own financial plan and their personal wealth protection;
• learn principles of saving and investing and how apply it for their personal financial plan;

• exercise and improve their presentation skills;
• exercise to convince the peer group on applying a beneficial financial behavior;
• able to test different approaches in structure and content for a guideline

Lernergebnisse

Participants …

• develop their own personal financial plan.
• will know bank services and instruments to manage their own liquidity and their own money.
• will learn how to assess, secure, and manage their own credit.
• will be able to make appropriate personal financing decisions (personal loans, purchasing and financing your home), based on basic concepts in finance.
• will be able to decide on their personal wealth protection (the most important insurance contracts to have).
• will learn to develop their personal investing scheme (investing instruments, asset allocation decisions).
• will be able to make appropriate decisions for their retirement and estate planning.

Lehrmethoden

• individual preparation (pre-reading)
• input by lecturers with discussions, problem-based teaching
• in groups: preparation of presentations and essays on topics given

Literatur

Siegel, R., & Yacht, C. (2009). Personal Finance. Open Textbook Library. Chapters 1, 2, 4, 5, 8, 10, 12, 15, 16, 17. https://open.umn.edu/opentextbooks/textbooks/31