Introduction to Personal Finance

This course is an introduction to personal financial decisions for students with no prior knowledge of economics or finance. It introduces key concepts such as saving, borrowing, interest rates, risk, and diversification. It also provides an overview of important financial products and services such as bank accounts, retirement accounts, mutual funds, mortgages, credit cards, and insurance. Students learn to avoid common financial mistakes due to inertia and behavioral biases. Key concepts are illustrated through real world examples and homework exercises with practical calculations.