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Principles of Entrepreneurial and Personal Finance (IEL-B-3+5-WPM-IEL)
Studiengang
- Bachelorstudiengang Management & Recht
Kennzahl der Lehrveranstaltung
- IEL-B-3+5-WPM-IEL
Niveau der Lehrveranstaltung laut Lehrplan
- Bachelor
Studienjahr
- Fall 2024
Semester in dem die Lehrveranstaltung angeboten wird
- 5
Anzahl der zugewiesenen ECTS-Credits
- 5.0
Name des/der Vortragenden
- Dipl. Ing. Rauhofer Michael, MAS
- Blösl Florian, BA MA
- FH-Prof. Priv.-Doz. Razen Michael, PhD
Lernergebnisse der Lehrveranstaltung
- Derzeit nur in Englisch verfügbar
Upon completion of this elective course, students will:
- Be familiar with the basic principles of economics and finance
- Understand the broader contexts and relevant factors surrounding financial decisions
- Understand risk and how it can be managed
- Be able to make reflective and informed economic and financial decisions in personal and entrepreneurial contexts
- Understand how to calculate and manage cash flows
- Be able to conceptualize their business ideas and pitch them to potential investors
Art der Veranstaltung
- face-to-face
empfohlene optionale Programmeinheiten
- Derzeit nur in Englisch verfügbar
none
Lehrinhalte
- Derzeit nur in Englisch verfügbar
The ability to make prudent economic and financial decisions is a crucial skill for successful entrepreneurs and self-reliant citizens alike. In the elective "Principles of Entrepreneurial and Personal Finance", students will learn how to effectively manage personal finances and develop key entrepreneurial financial skills. The course covers essential topics like budgeting, investing, and retirement planning, while also delving into business-focused areas such as cash flow management, start-up funding, and investor relations. This holistic approach equips students with the knowledge and tools necessary for sound financial decision-making in both their personal lives and entrepreneurial ventures.
Contents:
- Introduction to economics and finance
- Risk and time value of money
- The psychology of economic and financial decision-making
- Personal financial management (budgeting, saving and investing, debt management, retirement planning, taxes)
- Managing receivables, payables, and cash-flows
- Understanding balance sheets and income statements
- Start-up funding and relations with investors and creditors/banks
Lehr- und Lernformen
- Derzeit nur in Englisch verfügbar
Quizzes and group presentations
Unterrichtssprache
- English
Praktikum
- none