Кто читает:: Департамент социологии

Статус:: Курс обязательный

Когда читается:: 3-й курс, 1, 2 модуль

Преподаватели

Кузина Ольга Евгеньевна

Тихомирова Анна Николаевна

Юдин Иван Борисович

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Abstract

The «Household Finance: Theory and Research» Bachelor Program is developed according to the standard educational requirements of the Federal State Autonomous Educational Institution of Higher Education «National Research University «Higher School of Economics» (HSE). Students are supposed to be familiar with Probability Theory and Statistics and Economics.

Learning Objectives

The main goal of this unit is to develop a critical, reflexive, and interdisciplinary approach to key problems in contemporary research on financial behaviour of households.
To know theoretical models of household saving behaviour which are developed in economic theory, economic psychology and economic sociology
To develop analytical skills to understand and interpret macro and micro statistics on household incomes and finance, and produce evidence based arguments
To have an overview of the results of empirical research on consumer finance studies
To develop research-related skills - to evaluate different research designs and methods, to formulate researchable questions, to construct questionnaire/interview guide, to write analytical reports using the data from national surveys or official statistics

Expected Learning Outcomes

to develop analytical skills to understand how macro and micro statistics on household finance is collected and how to interpret it to develop evidence based arguments
to get acquainted with different empirical strategies to identify causal effects (for example, instrumental variables, differences-in-differences, structural estimation, and field experiments)
to know conceptual and operational definitions of financial literacy and financial capability, as well as the results of international comparisons of financial literacy of individuals
to have an overview on financial markets and retail finance, the institutional landscape and their product lines, including FinTech and digital finance as recent innovations
to understand theoretical explanations of household financial behaviour which are developed in economic theory
to understand theoretical explanations of household financial behaviour which are developed in economic psychology
to understand theoretical explanations of household financial behaviour which are developed in behavioural economics
to understand theoretical explanations of household financial behaviour which are developed in social economics and economic sociology
to understand the notion of over indebtedness, measurement tools, causes and long-run macroeconomic implications of the rise in household indebtedness.
to know empirical research on pension wealth and household savings, and studies on retirement adequacy
to understand household finance as an important multidisciplinary research area that studies the behavior and decision-making of households in financial markets

Course Contents

Consumer finance as a multidisciplinary research area
Financial markets and retail finance: institutional landscape and their product lines
How the causes of human behaviour can be revealed in experimental and observational research
Major conceptual definitions, empirical indicators and existing data sets in household finance research
Economic theories of consumption and savings
Economic Psychology of household financial behavior
Behavioral approach in household finance
Economic sociology of household finance
Financial literacy
Consumer lending and over-indebtedness
Financial vulnerability of households
Retirement savings
Trust to financial institutions and savings
Fintech and Financial Inclusion

Assessment Elements

Class participation
Mid-term exam
Presentation
Exam
Exam tests all knowledge and skills mastered during the course. The passing final grade for the course is announced after the final exam in December. The passing final grade could not be bigger than 40 marks or smaller than 25 marks depending on the overall results of students’ cohort. In case of unsatisfactory final grade in 100 - point scale for the course, a satisfactory grade in 10 - point scale is given if a student has received high grade for exam (60 marks or more). In order to get a passing grade for the course, the student must sit (all parts) of the examination.

Interim Assessment

2026/2027 2nd module
0.25 * Presentation + 0.4 * Exam + 0.2 * Mid-term exam + 0.15 * Class participation

Bibliography

Recommended Core Bibliography

Advances in economic psychology, , 1997
An introduction to behavioral economics, Wilkinson, N., 2012
Behavioral corporate finance : concepts and cases for teaching behavioral finance, Shefrin, H., 2018
Economic psychology, , 2018
International comparisons of household saving, , 1994
Jérôme Coffinet, & Christophe Jadeau. (2017). Household financial exclusion in the Eurozone: the contribution of the Household Finance and Consumption survey. IFC Bulletins Chapters. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.h.bis.bisifc.46.18
Mental budgeting and the management of household finance. (2011). Journal of Economic Psychology, 32(4), 546–555. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsnar&AN=edsnar.oai.library.wur.nl.wurpubs.419402
Pensions, savings and capital flows : from ageing to emerging markets, Reisen, H., 2000
Saving for retirement : intention, context, and behavior, Clark, G. L., 2012
The Elgar companion to consumer research and economic psychology, , 1999
The psychology of saving : a study on economic psychology, Warneryd, K.- E., 2000
Webley, P. (2001). The Economic Psychology of Everyday Life. Hove: Psychology Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=536848

Recommended Additional Bibliography

Financial capability and asset development : research, education, policy, and practice, , 2013

Authors

Kuzina Olga Evgenevna

Бакалаврская программа «Социология»

Международная аккредитация

Рейтинги

Поступление

Household Finance: Theory and Research