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COURSE OUTLINE

Household Finance

1. General

School

School of Finance and Statistics

Academic Unit

Department of Banking and Financial Management

Level of Studies

Undergraduate

Course code

ΧΡΗΝΟΙ

Semester

6th or 8th

Course Title

Household Finance

Idependent Teaching Activities

Weekly Teaching Hours

Credits

Lectures
4
7,5

Course Type

General Background

Prerequite Courses

No

Language of Instruction and Examinations

Greek

Is the course offered to Erasmus Students?

No

Url (Eclass)

https://eclass.unipi.gr/modules/auth/courses.php?fc=64

2. Learning Outcomes

Learning Outcomes

Knowledge

Students are expected to acquire theoretical knowledge focusing on the household’s basic financial behaviour (saving, borrowing) and how this behaviour affects decisions regarding current and future consumption, as well as the decision to participate in the labour market.

Skills

Students are expected to develop skills in solving constrained optimization problems, evaluating investment opportunities, and making intertemporal consumption choices based on income and other constraints.

Competencies

Students are expected to be able to manage issues related to the optimization of intertemporal choices under constraints.

General Competences
  • Decision making
  • Independent work
  • Project planning and management

3. Syllabus

  • The consumer’s economic conditions
  • Consumer behaviour and the labour market
  • Consumer behaviour and financial markets
  • Consumer behaviour and goods preferences
  • Economic conditions and preferences – The optimization problem
  • Default as part of consumer behaviour
  • The optimization problem with more than one constraint

4. Teaching and Learning Methods - Evaluation

Delivery

Face-to-face teaching

Use of Information and Communications Technology

The electronic platform is used for uploading the lecture materials.

Teaching Methods

Activity

Semester Workload

Lectures
52
Literature Review
95,5
Writing an Assignment
40
Course Total
187,5

Student Performance Evaluation

  • Written final examination in the Greek language. The examination includes multiple-choice questions, comprehension questions on the material, and problem-solving exercises.
  • Assignment

5. Attached Bibliography

Suggested Bibliography
  1. Microeconomics: An intuitive approach with calculus. T. J. Nechyba, 2nd Edition.
  2. Microeconomics. D. Besanko, R. R. Braeutigam, 4th Edition.
  3. Instructor’s notes
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