Modules

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: Gbenga Adamolekun
School The Business School
Subject area group: Accounting and Finance
Prerequisites

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

Upon completion of this module you will be able to

LO1: Consider the impact of social and economic change on planning personal finances.

LO2: Understand 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
2024/5, Trimester 2, In Person,
VIEW FULL DETAILS
Occurrence: 004
Primary mode of delivery: In Person
Location of delivery: CRAIGLOCKHAR
Partner:
Member of staff responsible for delivering module: Gbenga Adamolekun
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)NESH Description
Face To Face Lecture 22 The two-hour lectures will expose and introduce you to the unit's core concepts and theories. They offer an opportunity for you if you are not familiar with the unit to be introduced to the topic. The lectures typically commence in week 2. One unit is discussed per week.
Face To Face Tutorial 11 The workshop and tutorial sessions are engaging and participatory sessions in which you will discuss the concepts from the lectures. In addition, they offer a practical application of the concepts. You will also attempt computational exercises in the units where this is applicable.
Online Guided independent study 167 You will be required to independently engage the broader literature in personal finance, which includes journal articles, textbooks, media articles, and teaching materials.
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words Description
Class Test 50 1~2~3~4~5~6 Week 11 HOURS= 2hrs You will be assessed through varied structures, such as multiple-choice questions, short answer questions, and essays.
Essay 50 1~4~6 Week 8 , WORDS= 2000 words You will be required to write an essay addressing an emerging issue in the personal finance literature.
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100

Indicative References and Reading List - URL:
Planning Personal Finance
 

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