Финансовое поведение домохозяйств

Бакалавриат 2026/2027

Статус: Курс по выбору (Международная программа по экономике и финансам)

Кто читает: Международный институт экономики и финансов

Где читается: Международный институт экономики и финансов

Когда читается: 3-й курс, 1 семестр

Охват аудитории: для своего кампуса

Преподаватели: Кузина Ольга Евгеньевна

Язык: английский

Кредиты: 4

Контактные часы: 64

Full Syllabus Ask Question

Abstract

The «Household Finance» 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 Introduction to Probability Theory and Statistics and Economics.

Learning Objectives

macro and micro statistics on household incomes, consumption and savings
theoretical models of household saving behaviour which are developed in economic theory, economic psychology, behavioural economics, and economic sociology
conceptual and operational definitions of financial literacy and financial capability, as well as the results of international comparisons of financial literacy of individuals and empirical research on the determinants of financial literacy as well as on financial literacy as a factor of better household financial behaviour
conceptual and operational definitions of financial inclusion/exclusion and the results of empirical research on cross-country variation in household access to financial services
empirical research on control and allocation of money within households, systems of money management in the couples and their effects on different aspects of family finances
empirical research on pension wealth and household savings, and studies on retirement adequacy
the causes and long-run macroeconomic implications of the rise in household indebtedness and financial vulnerability

Expected Learning Outcomes

to undestand household finance as an important multydisciplinary research area that studies the behavior and decision-making of households in financial markets
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 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 get acquainted with different empirical strategies to identify causal effects (for example, instrumental variables, differences-in-differences, structural estimation, and field experiments
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

Course Contents

Consumer finance as a multidisciplinary research area
Financial markets and retail finance: institutional landscape and product line
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
Psychological approach to studying savings behaviour of household
Behavioral economics of personal 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
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.
Presentation
Mid-term exam

Interim Assessment

2026/2027 1st semester
0.45 * Exam + 0.2 * Presentation + 0.15 * Class participation + 0.2 * Mid-term exam

Bibliography

Recommended Core Bibliography

Behavioral corporate finance : concepts and cases for teaching behavioral finance, Shefrin, H., 2018
Economic psychology, , 2018
Essig, L., & Winter, J. (2009). Item non-response to financial questions in household surveys: An experimental study of interviewer and mode effects. Munich Reprints in Economics. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.lmu.muenar.20547
Graeber, D. (DE-588)136471862, (DE-576)363160973. (2014). Debt : the first 5,000 years / David Graeber. Brooklyn, NY [u.a.]: Melville House. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edswao&AN=edswao.428144357
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
The Elgar companion to consumer research and economic psychology, , 1999
The psychology of saving : a study on economic psychology, Warneryd, K.- E., 2000
Willis, L. E. (2009). Evidence and Ideology in Assessing the Effectiveness of Financial Literacy Education. San Diego Law Review, 46(2), 415–458. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=asn&AN=43589691

Recommended Additional Bibliography

Advances in economic psychology, , 1997
Financial capability and asset development : research, education, policy, and practice, , 2013
Graeber, D. (2011). Debt : The First 5,000 Years. Melville House.
Graeber, D. (2012). Debt: The First 5000 Years. Charter, 83(3), 73. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsu&AN=74699749
James M. Buchanan, Gary S. Becker, Daniel Kahneman and Vernon L. Smith, , 2011
Saving for retirement : intention, context, and behavior, Clark, G. L., 2012

Authors

Kuzina Olga Evgenevna

Course Syllabus