This unit highlights the importance of financial literacy in personal financial decision making. It reflects the increased financial responsibility that students face in areas including debt accumulation, financial product selection and retirement savings decisions. Students explore a range of topics including the impact of behavioural biases that are a natural part of decision making, with a view to exploring the impact these biases can have on financial decisions. Students are introduced to time value of money, with examples of the dramatic impact of compounding on both debt and equity. This introduction includes analysis of the cost of credit card debt, loans and mobile phone... -- Course Website
