Household Finance

About the course

Emner

Mikroøkonomi Makroøkonomi International økonomi Finansiering

Course content

A sound understanding of personal finance is crucial for everyone aiming to make informed financial choices, avoid costly mistakes and achieve good financial health. It is also a highly sought-after skill by private and public institutions alike.

The course offers an overview of personal finance topics and issues, including financial planning, savings and spending, credit management, financial literacy, the role of expectations, beliefs and personal experiences in financial decision making, financial technology, financial intermediation, retirement planning, intra-household decision making, household heterogeneity in response to monetary policy changes, and gender differences in financial decision making.

The course provides students with a good understanding of the key topics within the household finance literature and will empower them with the tools to achieve their financial goals in life. In addition to learning the theory, students will actively participate in classroom discussions related to real-life cases, existing research and research ideas that will require them to apply their financial knowledge.

See course description in course catalogue

What you will learn

Students should come away from this course with the foundational knowledge that is common to most researchers within the field of household finance, along with a sense of where the active research frontier in the field lies. An important secondary objective of the course is to teach students the art of empirical research: (1) identifying important and interesting questions, (2) identifying the challenges to answering those questions convincingly, (3) understanding common empirical methodologies to overcome those challenges, along with each method’s strengths and weaknesses. The last part will include learning how big data is being harnessed to answer some of the most pressing questions of our time. Another objective of the course (and benefit to the students) is that students should be able to base their master thesis on the final assignment.

Course prerequisites

A good knowledge of microeconomics, statistics, and finance is recommended. Students who do not have good knowledge of these topics but still wish to enroll, should be prepared to invest a bit of time early in the course to catch up.

Facts

Level

Kandidat

Type

Valgfag

ECTS

7,5

Code

CFIAV2501U

Teaching periods

Efterår – semester

Efterår – 2. quarter

Academic year

2025/2026

Status

Available places

Teaching language

English

Teaching Format

Hybrid

Exams

Skriftlig opgave
Individual exam, vinter

Assessment type

7-trins skala