Personal Finance
An Alternative Approach to Teaching Undergraduate Finance
DOI:
https://doi.org/10.1016/S1057-0810(96)90005-0Abstract
Effective teaching invites students into the discipline and helps them to see and make connections between the discipline’s content and their lives. This paper identifies an alternative approach to effective teaching of undergraduatefinance. Personalfinance, as opposed to managerialfinance, provides a more appropriatefoundation on which to center the undergraduate$nance curriculum. It better matches students’ interests, per- sonal experiences, and cognitive structures. This paper takes the position that personal finance should precede managerial finance as the introduction and start to the finance major in the undergraduate business curriculum.
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