Description
Book SynopsisYoung people face unprecedented financial challenges: rising student debt, stiff competition for jobs, barriers to home ownership, dwindling state benefits and prospects of a longer working life. Essential Personal Finance is a guide to all the key areas of personal finance: budgeting, managing debt, savings and investments, insurance, securing a home and laying the foundations for retirement.
It provides an introduction to some of the essential foundations of a modern undergraduate finance qualification, including:
â the nature of financial institutions, markets and economic policy that shape the opportunities and decisions individuals face
â the range of financial assets available to households, risk-return trade-off, basics of portfolio construction and impact of tax
â the importance of the efficient market hypothesis and modern portfolio theory in shaping investment strategies and the limitations of these approaches
â behavioural finance as a key t
