Core Module Information
Module title: Planning Personal Finance (Yunnan)

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

Module code: FIN08953
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,
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: Face-to-Face
Location of delivery: CHINA
Partner:
Member of staff responsible for delivering module: Ben Adamolekun
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 27
Face To Face Practical classes and workshops 12
Independent Learning Guided independent study 161
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= 0
Project - Written 50 6 14/15 HOURS= 0, WORDS= 0
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100

Indicative References and Reading List - URL:
Planning Personal Finance(1)