Personal Finance

Course Description: 

The old saying goes “I’ve been rich and I’ve been poor, but believe me, rich is better.”  While being rich doesn’t guarantee happiness, the accumulation of money does provide financial security and is a worthy goal.  This course takes on a hands-on, practical approach to help participants become better managers of their own money and time, by making informed choices related to spending, saving, borrowing and investing. It will introduce participants to the steps of the financial planning and decision-making process, and offer tools to help identify and evaluate choices as well as understand the consequences of their decisions in terms of opportunity costs.  The course mirror the six steps of financial planning (offered by professional financial planners) which will ensure that participants leave the course with their own ready-to-implement financial plans.

Learning Outcomes: 

Participants will, on successful completion of the course, develop their own comprehensive financial plan that will enhance their quality of life and increase their satisfaction by reducing uncertainty about their future needs and resources.


Core Learning Area          

Learning Outcomes                                            

Decision making skills.         

Participants will be able to identify and evaluate financial choices they make as well as understand the consequences of their decisions in terms of opportunity costs.       

Technology Skills               

Participants will use excel spreadsheets for personal budgets, savings plans as well as evaluation of alternative investment/financing plans.    

Quantitative Reasoning 

Participants will understand the application of present value and time value of money concepts in the tradeoff between immediate consumption/satisfaction and future payoffs via savings/investments                                                                                                  

Critical Thinking               

Participants will be required to perform a critical self-assessment of their current financial situation in order to determine realistic and feasible goals in developing their financial plans. 

They are encouraged to apply and adapt the various liquidity and asset management techniques to their personal circumstance.                                                                                                                          

Ethics and Responsibility                    

Participants will be motivated to consider the impact of their financial decisions, both short and long term, on their immediate family concerns and the society at large.   

Personal knowledge and skills                            

Participants will be equipped with useful life skills that will result in them being better managers of their own money and ultimately, the purveyors of their own financial future 


The assessment for the course is a PASS or FAIL grade only.

The grade will be based on passing (achieving at least 60% overall) the two minute papers and your overall level of class participation and course attendance.   Blatant disregard of class regulations (see class participation section) including the frequent use of laptops and mobile phones amounting to more than 30% of class time, will result in fail grade (no negotiations or further discussions will be accepted once grades are released).


All enrolled students should have shown successful completion of core finance and accounting courses at graduate level, and are seriously interested in learning how to better manage their finances.