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Financial Psychology

General data

Course ID:	2500-EN-PS-SB-15
Erasmus code / ISCED:	14.4 Kod klasyfikacyjny przedmiotu składa się z trzech do pięciu cyfr, przy czym trzy pierwsze oznaczają klasyfikację dziedziny wg. Listy kodów dziedzin obowiązującej w programie Socrates/Erasmus, czwarta (dotąd na ogół 0) – ewentualne uszczegółowienie informacji o dyscyplinie, piąta – stopień zaawansowania przedmiotu ustalony na podstawie roku studiów, dla którego przedmiot jest przeznaczony. / (0313) Psychology The ISCED (International Standard Classification of Education) code has been designed by UNESCO.
Course title:	Financial Psychology
Name in Polish:	Financial Psychology
Organizational unit:	Faculty of Psychology
Course groups:	Business Psychology Specialization specialization courses for 4 and 5 year
ECTS credit allocation (and other scores):	4.00 Basic information on ECTS credits allocation principles: the annual hourly workload of the student’s work required to achieve the expected learning outcomes for a given stage is 1500-1800h, corresponding to 60 ECTS; the student’s weekly hourly workload is 45 h; 1 ECTS point corresponds to 25-30 hours of student work needed to achieve the assumed learning outcomes; weekly student workload necessary to achieve the assumed learning outcomes allows to obtain 1.5 ECTS; work required to pass the course, which has been assigned 3 ECTS, constitutes 10% of the semester student load.
Language:	English
Short description:	The aim of this course is to introduce the most current theoretical and practical knowledge on the consequences of cognitive, emotional, cultural, and social factors on people's financial decisions and behavior. During this course we will draw from the most influential research performed in the area of economic psychology and behavioral economics to better understand our daily choices related to money.
Learning outcomes:	Knowledge:  Students understands the complexity of money and its role in human life  Student understands the theoretical approaches to financial behavior of laymen and experts  Student knows and understands the main concepts and theories related to financial psychology Abilities:  Student is be able to accurately assess and analyze people’s problems related to money, and propose effective strategies for coping with them.  Student is able to apply the theoretical knowledge to describe and analyze the non-economic reasons of financial behaviors  Student can adequately interpret, explain and critically analyze social phenomena associated with symbolic meaning of money Social skills:  Student is able to analyze people’s financial behaviors and motives  Student understands the social consequences of using money for inter- and intrapersonal regulation

Classes in period "Winter semester 2023/24" (past)

Time span:	2023-10-01 - 2024-01-28	Selected timetable range: weekly course term Navigate to timetable MO TU SEM W TH FR
Type of class:	Seminar, 30 hours more information
Coordinators:	(unknown)
Group instructors:	Anna Kuźmińska
Students list:	(inaccessible to you)
Examination:	Course - Grading Seminar - Grading
Full description:	This course will introduce the most current knowledge in financial psychology. We will discuss a variety of issues related to money and financial behaviors, such as individual differences in approaching money, psychological and emotional mechanisms of money perception (e.g. illusion of money), symbolic meaning of money, attitudes towards money, irrational financial behaviors (e.g. time discounting, mental accounting), influence of money on motivation and happiness, the ethics of money behavior, property and ownership, self-control, fairness, risk taking, gambling, investing. All this will be achieved in an experience-based classroom environment. We will learn through real-life examples, case studies, videos, and hand-on classroom experiences. The focus is put on acquisition of both theoretical knowledge, as well as skills to be used in everyday life.
Bibliography:	References (selected chapters from):  Argyle, M., Furnham, A. (1998). The psychology of money. Routledge.  Bijleveld, E.H., Aarts, H. (Eds. 2014). The psychological science ofmoney. Springer Verlag.  Kirchler, E. & Hoelzl, E. (2018). Economic psychology: An introduction.Cambridge, UK: Cambridge University Press  De Cramer, D., Zeelenberg, M., & Murnigham, J. K. (2010). Socialpsychology and economics. Mahwah, NJ: Psychology Press  Wilkinson, N. & Klaes, M. (2012). An introduction to behavioraleconomics (2nd Ed.). New York, NY: Pelgrave Macmillan  Furnham, A. (2014). The new psychology of money. Routledge.  Jansson-Boyd, C., Zawisza, M. (Eds. 2016). Routledge InternationalHandbook of Consumer Psychology. Routledge.  Jansson-Boyd, C. (2011). Consumption matters. A psychologicalperspective. Palgrave.  Muller, A., Mitchell, J.E. (Eds. 2011). Compulsive buying. ClinicalFoundations and Treatment. New York, London: Routledge.

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