Core Module Information
Module title: Planning Personal Finance

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

Module code: FIN08103
Module leader: Ben Adamolekun
School The Business School
Subject area group: Accounting and Finance
Prerequisites

N/A

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 an investment; mortgage finance; personal saving, investment and pension planning; sources and types of credit; estate planning; and the importance of personal taxation planning. You 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, you 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

Full Details of Teaching and Assessment
2022/3, Trimester 2, FACE-TO-FACE, Edinburgh Napier University
VIEW FULL DETAILS
Occurrence: 004
Primary mode of delivery: FACE-TO-FACE
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Ben Adamolekun
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:

LOs 1-6: Short lectures with tutorials based on case studies and related class discussions.

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 you for problems you might encounter in the workplace. Weekly tutorials based on case studies will be put on for those studying the module on a flexible learning basis. Numeracy, analytical, teamwork and communication skills are developed through the exercises and library research.


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

Supporting equality and diversity:
The module is available to those 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:
Feedback is given on all the tutorials and case exercises which will allow you to develop knowledge and skills in relation to personal financial needs.

Summative Assessment:

LOs 1-5: The report/essay is required to be 2,000 words in length and it is designed to test your 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 you to demonstrate your knowledge and understanding of income, capital gains and inheritance taxes, and the appropriateness of particular financial products to specific personal financial needs.

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

Indicative References and Reading List - URL:
Contact your module leader