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Behavioral and Personal Finance: Smart Decision Making banner
Preview this course
Self-paced Advanced

Behavioral and Personal Finance: Smart Decision Making

4(117)
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FREE
1179 min
Anytime
English
55 views
Engineering Academy
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Why enroll

  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.

Is this course for you?

You should take this if

  • You work in Mechanics & Turbomachinery
  • You're a Mechanical Engineering professional
  • You have 3+ years of hands-on experience in this field
  • You want to build skills in Finance & Commercial Awareness, Decision Making

You should skip if

  • You're new to this field with no prior experience
  • You need a different specialisation outside Mechanical Engineering
  • You need live interaction with an instructor

Course details

This course integrates behavioral finance theories with personal financial management practices, offering a deep dive into how psychology, biases, and decision-making patterns shape financial outcomes. Across 40 structured lectures, learners will progress from foundational concepts of money management to advanced behavioral insights, covering saving, investing, risk perception, retirement planning, and wealth creation. The program emphasizes both conceptual clarity and practical application, equipping participants to recognize behavioral traps, design rational strategies, and align personal and professional goals with sound financial principles.

Source: NPTEL YouTube Channel

Course suitable for

Key topics covered

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)

Course content

The course is readily available, allowing learners to start and complete it at their own pace.

8 modules41 lectures19 hr 39 min
  1. Introduction
    7 min
  2. Behavioural Economics & Finance I
    28 min
  3. Behavioural Economics & Finance II
    21 min
  4. Economics of Decision Making I
    24 min
  5. Economics of Decision Making II
    21 min
  6. Decision Making Under Risk and Uncertainty I
    34 min
  7. Decision Making Under Risk and Uncertainty II
    24 min
  1. Non-expected Utility Preferences I
    27 min
  2. Non-expected Utility Preferences II
    25 min
  3. Prospect Theory & Behavioural Biases I
    28 min
  4. Prospect Theory & Behavioural Finance I
    26 min
  5. Prospect Theory & Behavioural Finance II
    32 min
  1. Beliefs, Biases & Heuristics I
    23 min
  2. Beliefs, Biases & Heuristics II
    21 min
  3. Beliefs, Biases & Heuristics III
    30 min
  4. Biases & Financial Decision Making I
    30 min
  5. Biases & Financial Decision Making II
    29 min

Opportunities that await you!

Career opportunities

Why people choose EveryEng

Industry-aligned courses, expert training, hands-on learning, recognized certifications, and job opportunities-all in a flexible and supportive environment.

What participants say about this course

Hemanth TK
Hemanth TK
Feb 27, 2026

Fhjfkgc

Bhavani S
Bhavani S Student
Feb 22, 2026

Nice

Jayalaxmi Sudi
Jayalaxmi Sudi
Feb 15, 2026

Good

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Rohini Aware
Feb 25, 2026

Coming into this course, I had some prior exposure to the subject, mainly through hand calcs and a bit of older STAAD versions, but the Connect Edition interface was a gap for me. The walkthrough on creating models, defining beam vs plate elements, and setting proper support conditions helped clear that up. What stood out was applying load combinations correctly and actually seeing how changes affected analysis results. From a railtransport angle, the sections where I could map axle loads from rail bridges into STAAD models were immediately useful. Understanding how to idealize rail bridge load cases and account for ballast and sleeper load distribution made the software feel relevant to real rail jobs, not just textbook frames. Track alignment constraints aren’t modeled directly, but the discussion helped frame assumptions better. One challenge was getting comfortable with local vs global axes when assigning loads; a couple of early models gave odd reactions until that clicked. A practical takeaway is a simple modeling checklist—define geometry, verify units, apply loads, then sanity-check reactions before design. That’s already saving time on small bridge assessments. It definitely strengthened my technical clarity.

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