Behavioural Finance Client and Consumer Behaviour

Course aim

To introduce key ideas derived from behavioural finance and provide critical insights into the implications that behavioural biases have for consumer and adviser behaviour in the context of the development and provision of financial advice that meets adviser fiduciary obligations and client ‘best interest’ requirements.To promote awareness of the need to incorporate behavioural insights into the financial adviser-client relationship, including their impacts on communication in the professional context.

Course content

Introduction to behavioural finance; specific behaviours and financial planning decisions; client behaviours and engagement; communication and client engagement; applying behavioural insights in financial advice.

Textbook(s)

Nil

Prerequisite(s)

Nil

Corequisite(s)

Nil

Teaching method

Component	Duration
EXTERNAL, CITY WEST, ONLINE
External	30 hours x N/A
INTERNAL, CITY WEST (INTENSIVE)
Workshop	30 hours x N/A

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Case study, Examination, Problem solving exercise

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.