Personal Finance

ECON 254

Course covers fundamentals of personal financial management: how to create and stay within a budget; how debit and credit cards work; how to borrow, manage, and pay off student debt; how to build a credit history to obtain the best possible rates on future loans (such as mortgages); best practices for cybersecurity; how to manage taxes; and how to invest for the future. Typical irrational behaviors common to financial decision-making such as prospect theory and framing errors will be introduced, and strategies to avoid them discussed. Changing dynamics of the financial services industry as a result of ongoing disruptive innovation ("FinTech") are also addressed.
Curriculum Codes
  • SS
Typically Offered
Fall Only