Course - Personal Finance - BFIN1001
Personal Finance
Lessons are not given in the academic year 2025/2026
About
About the course
Course content
Engelsk
- Economic phases of life, budgeting, and dispositions
- Family law, inheritance, marriage, and cohabitation
- Personal taxation
- Housing
- Mortgage and credit
- Saving
- Pension
- Insurance
- Social responsibility, sustainability, and consumption
- The financial system and basic financial products
Learning outcome
Knowledge
- The student will have knowledge of how saving in housing and other asset classes affects personal finances in different phases of life.
- The student will have knowledge of how personal taxation affects personal decisions and personal finances.
- The student will have knowledge of the time value of money and how it affects the profitability of investments.
- The student will have knowledge of the connections between risk and expected return.
- The student will have knowledge of how family law issues related to inheritance, marriage and cohabitation can affect personal finances.
- The student will have knowledge of basic financial products.
Skill
- The student should be able to do calculations on the profitability of personal investments and savings.
- Students should be able to compare different loan options and calculate effective interest rates.
- Students should be able to interpret and make decisions about investments and savings based on various profitability goals.
- The student should know which variables are relevant to decisions in personal investments and savings.
- The student should be able to carry out calculations related to personal tax.
- The student should be able to carry out calculations related to pensions and public benefits.
General competence
- The student should understand that the organization of the tax system has social significance.
- The student should be able to reflect on the connections between, personal finances, consumption and sustainability.
- The student should be able to apply knowledge of personal finance in practical situations.
Learning methods and activities
Lectures. Students should work on assignments to learn the course material. Students are encouraged to work in groups.
Further on evaluation
Permitted aids for the exam: Interest rate table and approved calculator in accordance with NTNU's aids code B-D "specific simple calculator". Other calculators allowed in the course are: Casio FC-100V, Casio FC- 100 V -2 and Texas Instruments - BAII Plus.
In the case of a re-sit exam and the final exam after the course has been discontinued, the form of assessment may be changed to an oral exam.
Recommended previous knowledge
Basic mathematics
Required previous knowledge
None
Course materials
Curriculum:
Grundekjøn, Ole Tellef og Kristensen, Roy Kristen. Din privatøkonomi, Gyldendal
Lectures, notes and assignments
Support literature
Boye, Knut, Koekebakker, Steen, Krakstad, Svein Olav og Oust, Are. Finansielle emner. Siste utg. Oslo, Cappelen akademisk forlag.
Credit reductions
Course code | Reduction | From |
---|---|---|
FIN1001 | 7.5 sp | Autumn 2023 |
Subject areas
- Economics and Administration
Contact information
Department with academic responsibility
Examination
Examination
Ordinary examination - Autumn 2025
School exam
The specified room can be changed and the final location will be ready no later than 3 days before the exam. You can find your room location on Studentweb.