Household Finance

The course focuses on studying household demand for assets and for loans. The course starts off by briefly discussing how households should optimally invest. These insights are then contrasted with research that has produced ample evidence that households make mistakes and deviate from normative recommendations. Apart from discussing the costs of the mistakes, the class will introduce students to and elaborate on behavioral concepts as potential reasons for these mistakes. The class will then discuss research on potential remedies of these investment mistakes. Finally the class discusses how the insights from research might be incorporated into a bank’s business model and to what extent regulatory actions might help.

Contact

Ludmila Ketterer

Senior Manager -
Degree & Corporate Programs
+49 69 798 33512
E-Mail

Learning objectives

Upon completion of this course, you will be able to:

  • Contrast the theoretic recommendations on how household should invest with actual household behaviour
  • Discuss potential reasons for investment mistakes
  • Know which investment mistakes are most detrimental to investors
  • Assess the impact of financial advice
  • Discuss the future of banking with private clients

Key concepts

  • Portfolio Management & Financial Planning
  • Behavioral Finance
  • Portfolio Performance Measurement
  • Econometrics
  • Basics of Bank Management

Course format

This course is offered in the part-time Master in Finance program and may be attended on a “no credit” basis by individuals not enrolled in the program. Course participants are visitors who are not responsible for assignments and do not take an exam or earn academic credits. As the number of seats in the course is limited, we recommend to register online early.

Key Facts

Course materials
Course materials except books will be provided in electronic form.

Language
English

Course fee*
€ 950 (fee is exempt from VAT). Goethe Business School students and alumni receive a 20% discount off the regular fee.

Certificate of participation
A GBS certificate of participation is awarded upon completion of the course.

Venue
House of Finance, Goethe University, Theodor-W.-Adorno-Platz 3, 60323 Frankfurt

*Withdrawal and fee refund

In case the course withdrawal request is received two weeks prior to the start of classes, we will retain a withdrawal fee of EUR 50. In case the course withdrawal request is received less than two weeks prior to the start of classes, we will retain 50% of the payment made.

Prof. Meyer’s research explores a variety of topics of decision making on financial markets including personal and household finance. He is particularly interested in stock market participation, the effects of financial advice and trading motives of private investors. He has published scholarly articles on these subjects, which have been published in journals such as Review of Financial Studies, Review of Finance, Schmalenbach’s Business Review and the Journal of Financial Markets and Portfolio Management.

Course schedule

DateSessions
Friday, July 14, 2018

13:00-15:00

15:30-17:30

18:00-20:00

Saturday, July 21, 2018

11:30-13:30

14:30-16:30

Saturday, July 28, 2018 14:30-16:30
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