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Personal Finance and Economic Decision-Making

Finance

ISBN:

978-1-959142-45-4

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Personal Finance and Economic Decision-Making

Ben Blau, PhD Todd Griffith, PhD Ryan Whitby, PhD

About 4 in 10 U.S. adults could not cover an unexpected $400 expense, according to a 2020 Federal Reserve report, and this resource shows students how to avoid becoming one of them. It builds financial literacy by connecting the financial system, the time value of money, banking, credit, investing, retirement, real estate, and insurance to the decisions people actually make. Students create budgets and personal financial statements, learn to understand and manage risk, and examine the psychology behind common money mistakes through behavioral finance. They finish with the vocabulary and confidence to manage cash flow, set goals, and plan for the future.

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Course Objective

This text provides an overview of personal finance essentials, covering topics like banking, budgeting, retirement planning, investing, and insurance, while also exploring the psychology behind economic decisions and strategies to avoid financial pitfalls.

Table of Contents

Chapter 1: The Financial System Chapter 2: The Time Value of Money Chapter 3: Money and Banking Chapter 4: Investments Chapter 5: Retirement Planning Chapter 6: Credit and Borrowing Chapter 7: Real Estate Chapter 8: Budgeting Chapter 9: Personal Financial Statements Chapter 10: Understanding Risk Chapter 11: Insurance Chapter 12: Behavioral Finance

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