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Session: 2022/23
Last modified: 08/04/2021 08:05:39
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Title of Module: Personal Finance |
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Code: ACCT10016 |
SCQF Level: 10
(Scottish Credit and Qualifications Framework) |
Credit Points: 20 |
ECTS: 10
(European Credit Transfer Scheme) |
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| School: | School of Business & Creative Industries |
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| Module Co-ordinator: | Mary
Fletcher |
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| Summary of Module |
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This module builds on knowledge of the principles of personal finance and investment and develops the knowledge and skills that are required to understand financial decision making and critically evaluate information about financial plans and products.
Lectures and tutorials consider the development of financial knowledge, savings and investment products, risk, personal budgeting. It also considers recent developments in savings and investment products and regulation.
- The module is underpinned with relevant research articles.
- This module provides a unique insight into an area that is relevant to employment; financial services being among the largest employers both in the UK and globally.
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| Module Delivery Method |
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| Face-To-Face | Blended | Fully Online | HybridC | HybridO | Work-based Learning |
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Face-To-Face
Term used to describe the traditional classroom environment where the students and the lecturer meet synchronously in the same room for the whole provision.
Blended
A mode of delivery of a module or a programme that involves online and face-to-face delivery of learning, teaching and assessment activities, student support and feedback. A programme may be considered “blended” if it includes a combination of face-to-face, online and blended modules. If an online programme has any compulsory face-to-face and campus elements it must be described as blended with clearly articulated delivery information to manage student expectations
Fully Online
Instruction that is solely delivered by web-based or internet-based technologies. This term is used to describe the previously used terms distance learning and e learning.
HybridC
Online with mandatory face-to-face learning on Campus
HybridO
Online with optional face-to-face learning on Campus
Work-based Learning
Learning activities where the main location for the learning experience is in the workplace.
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| Term(s) for Module Delivery |
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(Provided viable student numbers permit).
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| Term 1 | | Term 2 | | Term 3 | |
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| Learning Outcomes: (maximum of 5 statements) |
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On successful completion of this module the student will be able to:
L1.
Analyse the nature and purpose of savings, investment and other financial products available to the UK investor.
L2.
Critically evaluate the relationship between of savings, investment and other financial products and their use in meeting the needs of consumers.
L3.
Critically evaluate the research surrounding personal financial knowledge, products and regulation. |
| Employability Skills and Personal Development Planning (PDP) Skills |
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| SCQF Headings |
During completion of this module, there will be an opportunity to achieve
core skills in:
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| Knowledge and Understanding (K and U) |
SCQF Level 10.
Understanding the nature and application of financial services products and services.
Understanding a range of core theories, principles and concepts.
Demonstrating an ability to critically evaluate the research relating to these products. |
| Practice: Applied Knowledge and Understanding |
SCQF Level 10.
Using a range of skills to evaluate materials relating to financial services products and services, some of which are advanced and complex. |
| Generic Cognitive skills |
SCQF Level 10.
Undertaking analysis and evaluation of ideas, concepts, information and issues within the common understandings of the subject.
Critically evaluating the research relating to financial needs and products.
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| Communication, ICT and Numeracy Skills |
SCQF Level 10.
Using routine and some advanced and specialised skills associated with financial services products and services to convey complex information. |
| Autonomy, Accountability and Working with others |
SCQF Level 10.
Exercising autonomy and initiative in carrying out defined activities.
Managing resources within defined areas of work.
Taking responsibility for the work of others in defined activities.
Taking account of own and others’ roles, responsibilities and contributions in carrying out and evaluating tasks. |
| Pre-requisites: |
Before undertaking this module the student should have
undertaken the following:
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Module Code:
| Module Title:
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| Other: | |
| Co-requisites | Module Code:
| Module Title:
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* Indicates that module descriptor is not published.
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| Learning and Teaching |
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This module assessment is 100% coursework. Learning and teaching approaches introduce students to financial education, products and regulation through a series of lectures which encourage open dialogue and enables students to understand the areas required for financial planning and research relating to these areas. Tutorials are used to further explore these and to allow students to test their understanding and knowledge of the products and services and develop their critical understanding of the research relating to personal finance.
The essay assesses knowledge and understanding of financial products and critical evaluation of research. The second part of the assessment requires a presentation. This assesses critical and analytical skills, negotiation, time management, written and oral communication. |
Learning Activities
During completion of this module, the learning activities undertaken to
achieve the module learning outcomes are stated below:
| Student Learning Hours
(Normally totalling 200 hours):
(Note: Learning hours include both contact hours and hours spent on other learning activities) |
| Lecture/Core Content Delivery | 24 |
| Tutorial/Synchronous Support Activity | 12 |
| Independent Study | 164 |
| 200
Hours Total
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**Indicative Resources: (eg. Core text, journals, internet
access)
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The following materials form essential underpinning for the module content
and ultimately for the learning outcomes:
Textbook to be confirmed
Money Management
The Financial Times
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(**N.B. Although reading lists should include current publications,
students are advised (particularly for material marked with an asterisk*) to
wait until the start of session for confirmation of the most up-to-date
material)
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| Engagement Requirements |
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In line with the Academic Engagement Procedure, Students are defined as academically engaged if they are regularly engaged with timetabled teaching sessions, course-related learning resources including those in the Library and on the relevant learning platform, and complete assessments and submit these on time. Please refer to the Academic Engagement Procedure at the following link: Academic engagement procedure |
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Supplemental Information
| Programme Board | Accounting, Finance and Law |
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| Assessment Results (Pass/Fail) |
No
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| Subject Panel | Accounting U/g |
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| Moderator | Chaman Shrestha |
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| External Examiner | To be confirmed |
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| Accreditation Details | N/A |
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| Version Number | 1 |
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| Assessment: (also refer to Assessment Outcomes Grids below) |
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| Coursework Essay |
| Coursework Presentation (this may include either or both individual and group assessment) |
(N.B. (i) Assessment Outcomes Grids for the module
(one for each component) can be found below which clearly demonstrate how the learning outcomes of the module
will be assessed.
(ii) An indicative schedule listing approximate times
within the academic calendar when assessment is likely to feature will be
provided within the Student Handbook.)
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Assessment Outcome Grids (Footnote A.)
Footnotes
A. Referred to within Assessment Section above
B. Identified in the Learning Outcome Section above
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Note(s):
- More than one assessment method can be used to assess individual learning outcomes.
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Schools are responsible for determining student contact hours. Please refer to University Policy on contact hours (extract contained within section 10 of the Module Descriptor guidance note).
This will normally be variable across Schools, dependent on Programmes &/or Professional requirements.
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| Equality and Diversity |
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This module is appropriate for any student.
UWS Equality and Diversity Policy |
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(N.B. Every effort
will be made by the University to accommodate any equality and diversity issues
brought to the attention of the School)
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