Module title: Planning Personal Finance

SCQF level: 08:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: FIN08103
Module leader: David White
School The Business School
Subject area group: Accountancy Finance and Law
Prerequisites

There are no pre-requisites for this module to be added

2018/9, Trimester 1, Blended, Edinburgh Napier University
Occurrence: 003
Primary mode of delivery: Blended
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: David White
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Learning and teaching methods:
LOs 1-6: The flexible learning material covers all the topics that would be covered in face-to-face delivery. There is a large number of self assessment questions and a range of end of unit tasks for students to carry out. Solutions to the self assessment questions are provided. Students studying the module on a flexible learning basis can attend any of the weekly tutorials if they are able to do so, provided it is during the trimester when the module is offered on a face-to-face basis. Otherwise, students have to work on the tutorial material and get feedback via email or web ct.

Embedding employability/PDP/scholarship skills:
LOs 2-6 are covered through problem based learning from the cases and other material (eg press and journal articles and flexible learning package) designed to prepare students for problems they might encounter in the workplace. Numeracy, analytical, teamwork and communications' skills are developed through the tutorial exercises and library research.

Assessment:
Summative:
LOs 1-5: The report/essay requires to be 2,000 words in length and it is designed to test students’ knowledge of specific financial products in detail and their regulation across the full range of an individual's personal financial requirements.
LO 6: The case study is designed to enable students to demonstrate their knowledge and understanding of income, capital gains and inheritance taxes, and the appropriateness of particular financial products to specific personal financial needs.

Formative: Feedback is given on all the tutorial and case exercises which allow students to develop their knowledge and skills.

Research/teaching links
The module leader is actively involved in research. LOs 1-5 require the students to do scholarly research on a regular basis through reading and researching for their essay assessment.

Supporting equality and diversity:
The module is available to students from diverse backg

Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Online Guided independent study 20
Independent Learning Guided independent study 180
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 50 1 - 5 8 HOURS= 0, WORDS= 2000
Report 50 6 14/15 HOURS= 0, WORDS= 2000
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100
2018/9, Trimester 2, Face-to-Face, Edinburgh Napier University
Occurrence: 004
Primary mode of delivery: Face-to-Face
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: David White
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
learning and teaching methods:
LOs 1-6: Short lectures with tutorials based around case studies and related class discussion.

Embedding employability/PDP/scholarship skills:
LOs 2-6 are covered through problem based learning from the cases and other material (eg press and journal articles and flexible learning package) designed to prepare students for problems they might encounter in the workplace. Weekly tutorials based around case studies will be put on for students studying the module on a flexible learning basis. Numeracy, analytical, teamwork and communications' skills are developed through the exercises and library research.

Assessment:
Summative:
LOs 1-5: The report/essay is required to be 2,000 words in length and it is designed to test students’ knowledge of specific financial products in detail and their regulation across the full range of an individual's personal financial requirements.
LO 6: The case study is designed to enable students to demonstrate their knowledge and understanding of income, capital gains and inheritance taxes, and the appropriateness of particular financial products to specific personal financial needs.

Formative: Feedback is given on all the tutorial and case exercises which allow students to develop their knowledge and skills in relation to personal financial needs.

Research/teaching links
The module leader is actively involved in research. LOs 1-5 require the students to do scholarly research on a regular basis through reading and researching for their essay assessment.

Supporting equality and diversity:
The module is available to students from diverse backgrounds either directly or through web ct and the flexible learning material.

Internationalisation:
The need for planning personal finances is a worldwide phenomenon and Local tutors are encouraged to use local examples and local context.



Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 24
Face To Face Practical classes and workshops 12
Independent Learning Guided independent study 164
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 50 1-5 8 HOURS= 0, WORDS= 2000
Report 50 6 14/15 HOURS= 0, WORDS= 2000
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100

Description of module content:

The module covers the need for financial planning, particularly as one takes on more responsibilities in life. Therefore, a life-cycle approach is emphasised. The main areas of personal financial planning are covered: the need for protection, and the appropriate life, sickness and general insurance cover; life assurance as investment; mortgage finance; personal saving, investment and pension planning; sources and types of credit; estate planning; and the importance of personal taxation planning. Students will develop quantitative skills in relation to: yield analysis; income, capital gains and inheritance tax calculations; interest rates (eg APR, CAR) and Pound Cost Averaging.
Throughout the module, students will develop an awareness of the regulation of financial services.

Learning Outcomes for module:

LO1: Consider the impact of social and economic change on planning personal finances
LO2: Comprehend the need to provide for protection and retirement needs
LO3: Describe the range of savings and investment products and comprehend their tax implications
LO4: Develop an insight into the main taxes that directly affect the individual and his/her dependents
LO5: Comprehend the different forms of credit and mortgage contracts
LO6: Demonstrate comprehension of product knowledge for specific individual cases

Indicative References and Reading List - URL:

Please contact your Module Leader for details
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