Financial Psychology 2500-EN-S-60
This course will introduce the most current knowledge in financial psychology. We will discuss a variety of issues related to money and financial behaviors, such as individual differences in approaching money, psychological and emotional mechanisms of money perception (e.g. illusion of money), symbolic meaning of money, attitudes towards money, irrational financial behaviors (e.g. time discounting, mental accounting), influence of money on motivation and happiness, the ethics of money behavior, property and ownership, self-control, fairness, risk taking, gambling, investing. All this will be achieved in an experience-based classroom environment. We will learn through real-life examples, case studies, videos, and hand-on classroom experiences. The focus is put on acquisition of both theoretical knowledge, as well as skills to be used in everyday life.
Type of course
Learning outcomes
Knowledge:
Students understands the complexity of money and its role in human life
Student understands the theoretical approaches to financial behavior of laymen and experts
Student knows and understands the main concepts and theories related to financial psychology
Abilities:
Student is be able to accurately assess and analyze people’s problems related to money, and propose effective strategies for coping with them.
Student is able to apply the theoretical knowledge to describe and analyze the non-economic reasons of financial behaviors
Student can adequately interpret, explain and critically analyze social phenomena associated with symbolic meaning of money
Social skills:
Student is able to analyze people’s financial behaviors and motives
Student understands the social consequences of using money for inter- and intrapersonal regulation
Assessment criteria
1. Class participation and involvement in class projects (including attendance, group projects, e-learning activities, in-class tasks, discussions) - 40%
2. Midterm exam - 20%
3. Final exam - 40%
Attendance is a necessary condition to pass the class. Two unexcused absences and two absences with excuse are acceptable. More absences for a semester mean that the student will not be able to pass the course.
Students must respect the principles of academic integrity. Cheating and plagiarism (including copying work from other students, internet or other sources) are serious violations that are punishable and instructors are required to report all cases to the administration.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: