Behavioral and Personal Finance: Smart Decision Making

1. Gain a complete roadmap to personal and behavioral finance.

2. Understand how human psychology impacts financial choices.

3. Learn practical tools for budgeting, saving, investing, and retirement planning.

4. Avoid common behavioral biases like overconfidence, herd mentality, and loss aversion.

5. Build confidence in making rational, data-driven financial decisions.

6. Suitable for students, professionals, and engineers seeking holistic financial literacy.

What will you learn in this course....

Foundations of Financial Management

• Meaning and scope of financial management

• Objectives: wealth vs. profit maximization

• Principles: risk-return, time value of money

• Basics of personal financial planning

Behavioral Finance Insights

• Introduction to behavioral finance

• Common biases: overconfidence, anchoring, herd behavior

• Risk perception and decision-making under uncertainty

• Case studies in behavioral traps

Saving & Budgeting Strategies

• Importance of savings in financial planning

• Budgeting techniques and tools

• Emergency funds and liquidity management

• Behavioral aspects of spending and saving

Investment Planning & Portfolio Management

• Basics of investment appraisal

• Asset classes: equity, debt, mutual funds

• Diversification and portfolio construction

• Behavioral biases in investment decisions

Retirement & Wealth Creation

• Retirement planning frameworks

• Pension schemes and annuities

• Long-term wealth creation strategies

• Behavioral aspects of retirement savings

Advanced Behavioral Applications

• Prospect theory and loss aversion

• Mental accounting and framing effects

• Behavioral corporate finance

• Case studies on irrational decision-making

Integrated Financial Planning

• Linking behavioral insights with financial planning

• Holistic personal finance strategies

• Role of financial literacy in empowerment

• Capstone project: designing a personal financial plan

• corporate finance)

• Entrepreneurs (balancing risk, growth, and behavioral biases)