SYLLABUS

University: Technical University of Košice

Faculty: Faculty of Economics

Department: Department of Finance

Course Number: 35000353

Course Name: Family Finance

Type, scope and method of learning activities:
Course Type: Lecture, Seminar
Recommended scope of the course content (in hours):
Full-time study (hours per week): -
Part-time study (hours per semester): WT 2,0
Study Method:

Number of credits: 3

Recommended semester of study: WT

Recommended semester

Study programme

Study grade

Study Method

2.rok WT

Economics and Management of Public Administration (EaMVS_Bc_D_en)
Finance, Banking and Investment (FBI_Bc_D_en)

Bachelor
Bachelor

Attendance
Attendance

Level of study: Bachelor

Prerequisites:

Course completion requirements:
Assessment and completion of the course: Graded credit test
Continuous assessment:
During the semester, the student can get max. 75 points for the defence of a semester project focused on current topics in family finance, and at the end of the semester, max. 25 points for closed written credit control of the study, which consists of questions from the theoretical and practical parts.
Final assessment: Student passes the final assessment and passes the examination when he or she meets the requirement to obtain at least 51% out of 100%.
The overall evaluation of the course consists of the evaluation of the seminar work and the final test.
Successful completion of the course presupposes fulfilling the conditions of the final evaluation (ZH): a graded credit, which is awarded to a student who has obtained a min. 51%.

Overall assessment: Overall assessment is the sum of the assessments obtained by students in the assessment period. The overall result is determined in accordance with the internal regulations of the Technical University in Košice. (Study Regulations, the internal regulation principles of doctoral studies)

Learning outcomes:
The aim of the course is to teach students the basics of personal finance and family finance. Students will get acquainted with different views of the family and household, factors affecting wealth and stability, and gain theoretical and practical knowledge about the family budget and solutions to the most important life situations of individuals and households.
After completing the course the students:
(i) acquire theoretical knowledge of personal and family finances, their main components (income, expenditure, savings, investments), the accumulation of wealth and the factors that influence its creation,
(ii) deepen their skills in applying theoretical knowledge in the presentation and interpretation of seminar work and in professional discussion, learn to compile a family budget, use financial instruments to finance housing, understand the effects of debt and learn to prevent or minimize the effects of personal bankruptcy and execution.
(iii) By completing the course, the student will develop critical thinking and strengthen the ability to make decisions based on the analysis of economic indicators. Thanks to communication and active discussion during the semester, they will improve their communication and presentation skills.
Classical and alternative teaching methods are used in the subject. From motivational methods, especially motivational storytelling, exchange of opinions and constructive criticism. Exposure and fixation methods are lecture, demonstration, problem teaching, and the question and answer method.

Brief course content:
1. S: Introduction to the study subject Family Finance, conditions for obtaining a graded credit.
2. S: Wealth, its origin and essence.
3. 3: History and present of family finance, basic terminology.
4. S: Impact of risk, inflation and liquidity on wealth.
5. S: Family budgeting, income and expenditure analysis.
6. S: The relationship between wealth and its environment (taxes, markets).
7. S: Family wealth and the need for investment.
8. S: Savings and investments.
9. S: Family finance and insurance.
10. S: Housing and building savings.
11. S: Debts and indebtedness of individuals and families.
12. S: Execution.
13. S: Personal bankruptcy.

Recommended Reference Sources:
- Ramsey, D. (2018): The Total Money Makeover: A Proven Plan for Financial Fitness, Nelson Books, Nashville, ISBN: 978-0-7852-8908-1
- Buffet, W., Clark, D. (2011): Warren Buffett and the Interpretation of Financial Statements, 224 s., ISBN: 978-1-8498-3319-6.
- Fong, W. M., Koh B. (2020): Managing Your Personal Finance: from Start of Career to Retirement and More, World Scientific Publishing Co Pte Ltd., 328 s., ISBN: 9789811213830.
- Calandro Jr., J. (2022): Business of Personal Finance. How to Improve Financial Wellness, Taylor a Francis, 102 s., ISBN: 1032104570.
- Garman, E. T., Forgue, R. (2017): Personal Finance, 13th ed., Cengage, 624 s., ISBN: 9781337099752.

Recommended optional program components:

Languages required for the course completion: Slovak, English

Notes:

Course assessment:
Total number of students assessed: 11

45%

18%

Teacher:
doc. Ing. MVDr. Ján Buleca, PhD.

Last modified: 31.08.2023

Approved by: person(s) responsible for the study program