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Personal Finance

The aim of this module is to provide you with the knowledge and skills required for sound and independent financial management at household level. Financial decisions accompany us throughout our lives - be it saving, investing or dealing with debt. Well thought-out financial planning and an understanding of financial risks are therefore essential for economic independence and long-term security.
Over the course of the module, you will learn to make informed and reflective financial decisions. You will acquire a basic understanding of budgeting, saving behavior and investment strategies as well as how to hedge against financial risks. You will critically examine potential incentive conflicts in the financial industry and develop your own strategies for minimizing financial risks.
Through interactive classroom sessions, you will develop the skills to understand complex financial concepts and apply them to your personal life situation. After successfully completing this module, you will be able to draw up a long-term financial plan and implement it independently.