Mastering Personal Finance: Empower Finance Decision-Making | Discount Coupon for Udemy Course

Presenting the purpose of creating the course. The core idea of awareness is important to understand.

A warm-up to get you more into the context for the upcoming sections.

A suggested way to use the information presented in the lectures. Use it as suggestions, not guidelines!

The course focuses on providing general information and fundamentals necessary for personal finance, but not specific to certain regions or situations. It will provide follow-up links and resources for the students to tailor the information to their own use case. The course will also provide a guide and presentation at the end of the course for reference. The course emphasizes that it is important to discuss with trusted friends and colleagues, but to also be aware that they may not necessarily be experts in finance and to seek a second opinion. The course will also provide general rule of thumb for assessing investments.

1. What is the difference between economy and finance?

2. How does economy look at the world?

3. What are the things that economics deals with?

4. What is the difference between macroeconomics and microeconomics?

5. How does finance look at the world?

6. What are the indicators and tools used in finance?

7. How are economy and finance related?

8. How has the global connectivity of the internet impacted the relationship between economy and finance?

9. How can one distinguish between financial news and economic news?

10. Can you provide an example of how finance and economy are closely related in the case of multinational corporations?

Testing your understanding of the concepts.

• What is the basic definition of inflation? How does inflation affect the cost of goods?

• How does the war between Russia and Ukraine affect the cost of goods and inflation?

• How does inflation affect expenses and salaries?

• Why are most examples in the course referring to the United States?

• What are some of the risks of always using the US as a reference?

1. What is the role of central banks in controlling currency and regulating member banks of a nation?

2. What is the core responsibility of central bank in controlling currency and what are monetary policies?

3. How do central banks lend money to the government and what are the circumstances under which they allow such operations?

4. Can you give an example of a famous bailout by a central bank?

• What are member banks also known as?

• How do commercial banks propagate monetary policy made by the central bank?

• What is the role of commercial banks as an end point for cash?

• How do commercial banks act as an intermediate layer between customers and the central bank?

Testing the concepts covered in the section.

1. What are Internet banks or neo banks and how do they differ from commercial banks?

2. What are credit unions and how do they differ from commercial banks?

3. What are saving and loan associations and what services do they offer?

4. What is the role of investment banks and investment companies in the financial system?

5. What are brokerage firms and what services do they offer?

6. What are insurance companies and how are they part of the financial system?

7. What are mortgage companies and how do they differ from commercial banks in terms of services offered?

• What is the main source of government earning?

• What is the importance of staying in touch with the global economy and economic news and events?

• What are the ways that government's policies can affect personal finances?

• How can one stay informed about government's policies and their impact on personal finances?

• How important is it to understand and invest time in discussing government's policies in relation to personal finances?

1. Why are banks needed?

2. How do monetary policies propagate through banks?

3. What is the primary objective of banks?

4. How do banks ensure that monetary policies reach the end user?

5. What is the core goal of a bank?

6. How do banks increase their footprint?

7. Are banks a business?

8. What are the additional services that banks can provide?

9. Is the money in a bank sitting idle and generating interest on its own?

10. How does a bank generate the interest paid to its customers?

Please check the links in the external resources.