500856 :Money and Financial Behavior

General info

Instruction language English
Type of Instruction 14 practicals (Lecture schedule)
Type of exams Final Exam, Open Questions (Examination schedule)
Course load:6 ECTS credits
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dr. C. Kogler


After this course you: 1. Can summarize the economic, sociological, and psychological perspectives on what money is. 2. Can explain how money causes’ adverse psychological consequences such as greed, materialism, and corruption. 3. Can explain the individual and societal consequences of poverty, wealth, and inequality. 4. Can identify psychological processes that affect people’s financial decisions in the domains of saving and spending, pensions, insurances, and taxes.


Money is a ubiquitous and uniquely human invention. In a nutshell, this course addresses the complex relationship that people have with money and the implications for the financial behavior of economic agents. Or, in other words, this course teaches you what money does with people and what people do with money.


This course will be run as a seminar and therefore your active participation is crucial. You are expected to come to class having carefully read all of the required literature for that day and prepared to discuss them. We will discuss the articles in-depth.

Your grade for this course will be determined by a final exam of approximately six open essay questions that will mainly test your understanding of-, and ability to analyse and synthesize the content of the literature. However, you may also be asked to apply and/or analyze applications of the content of the literature on real-life instances of financial behavior problems. Obviously, this requires thorough factual knowledge of the content of the literature.

Recommended Prerequisites

Introduction to Economic Psychology

Compulsory for