Financial Psychology 2600-DSdz3FPen
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, risk taking, or 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.
Course coordinators
Course dedicated to a programme
Type of course
Mode
Prerequisites (description)
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. Active participation in classes (attendance, individual and group tasks, tasks on the KAMPUS platform) - 50%
2. Final test (open and closed questions) - 50% (the test will take place once the course is completed)
Bibliography
All required study materials will be available on the KAMPUS e-learning platform