This subject is about financial decision making by individuals rather than corporations. It provides a framework for analysing individual decisions on spending and saving, portfolio management (including human and financial capital), retirement and bequests. Models incorporate personal preferences, and account for investment, labour income and longevity risks. In this subject we motivate, describe and analyse retirement savings systems (including superannuation). Current regulatory settings and policy debates are emphasised.
1x 2hr lecture and 1x 1hr tutorial per week
tutorial problem sets (20%), assignment (30%), 3hr exam (50%)