Explore the types of behaviour that shape financial decisions
This is a course of three parts. The first module gives an insight into several key strands of finance from a theoretical and practical perspective. It does so from first principles so limited prior finance exposure would be required. It gives a solid platform for the second module in basic investments. These two modules together serve as an excellent launch pad for the final module in behavioural finance which brings finance and investment theory to life.
The final module has been designed to provide an overview of an exciting new and fast growing area in finance, which is based around the concept that investment decision–making and investor behaviour are not necessarily driven by “rational” considerations but instead by aspects of personal and market psychology. The Psychology of Finance will centre on the concept that our abilities to make complex financial decisions are limited due to the biases and errors of judgment to which all of us are prone. Accordingly, the course will introduce cognitive biases, discusses the impact of such biases on the financial decision-making process, and explores the behaviour of individual investors, fund managers and corporate managers.
Students on this course will develop an understanding of the differences between a behavioural finance perspective and a traditional finance perspective whilst concurrently learning to understand the cognitive biases and errors of judgment which affect financial decisions.
The course aims to develop each student’s understanding of the behavioural influences which impact upon both individuals’ investment decisions and corporate (executive) financial decisions.
Upon completing this course, students will have developed the knowledge enabling them to:
- recognise their own decision errors and understand the reasons for these, so they can avoid future decision errors;
- understand how, by appreciating the cognitive biases to which they are prone, they can become a better investor or financial manager;
- develop good understanding of the implication of behavioural finance for corporate governance.
Furthermore, each student will be up to speed with important developments in this this new area of finance, and will benefit from the associated practical insights which this knowledge provides.
The fees for this course have been laid out fully on our course fees page.
As course fees and accommodation costs are payable separately, it will not be possible to reduce the tuition fee cost for those students who opt to arrange their own accommodation off-campus.
Tuition Fee
£575 per week
Accommodation
You have a choice of accommodation options for varying prices, dependent on your preferences:
- Standard Single, DB&B: £294.00 per week
- En-suite Single, DB&B: £469.00 per week
- Self-Catered, Shared: £168.00 per week
Social Programme
To enhance your experience at the University of Edinburgh Summer School, a variety of social and cultural activities will be organized to allow you to explore and discover the history, traditions and beauty of Scotland whilst meeting people from across the world. Each student can participate in the social and cultural activities which are included in the course fee. A free gym membership is included as well as a variety of fun and interesting things to do and see in Edinburgh. Additionally, students can book on to day and weekend tours to explore the rest and best of Scotland (at a discounted rate for Summer School students).
Other costs
Please note you will also need to pay for any essential books on the reading lists provided and any entrance fees for exhibits and other related fees on study visits.
Scholarship - Scottish Summer Endeavour
Scholarship application opens on 1st December
Scottish Summer Endeavour Scholarships are offered to students from all countries who can display evidence of outstanding academic merit.
Eligibility
The scholarships are competitive and awarded broadly on the basis of academic merit. A minimum of 3.3 GPA or equivalent is required and evidence of this must be provided along with your application.
In order to apply, you should be a full-time university/college student who can demonstrate that you meet the academic and language requirements of your preferred course.
To apply:
1. Choose the course you are interested in.
2. Go to your preferred programme page and select ‘click here to apply now’, located towards the top right of your screen. This will enable you to request an application form and further guidance regarding the application process.
2. Fill out the application form and attach the documents required in order to support your application. This will include the following:
- one letter of recommendation provided by your academic referee (no longer than 500 words)
- (interim) degree transcripts
- Evidence of an internationally recognised English language qualification (if appropriate).
4. Send back the application form stating in your email that you would like to apply for the Scottish Summer Endeavour Scholarship.
5. Remember to enclose any other documents that will support your application.
This opportunity has expired. It was originally published here:
http://www.summerschool.ed.ac.uk/course/psychology-finance