ECON 6 Personal Finance
Managing one’s own finances is something most of us will need to do over the course of a lifetime. Decisions like how much to borrow to fund education or how much to save for retirement, or the monthly budget choices we might make to balance necessary and desired spending with net income, all affect our personal well-being. This course is designed to do three important things: 1) give students a basic grounding in financial literacy by learning some tools and principles of personal finance that can be used in daily life, 2) introduce students to empirical research on the ways households use the financial system with particular emphasis on understanding some behavioral biases and common mistakes people make, and 3) explore ways in which the financial system can be improved to make it easier and safer to use. Over the course of the term, students will build their own personal finance portfolios incorporating their learning into their own individualized plans. Not open to students who have received credit for ECON 26, 36, or 66.
Instructor
Curtis