Principles of Entrepreneurial & Personal Finance

Department
  • Bachelor's program Entrepreneurship, Tourism & Leisure Business
Course unit code
  • IEL-B-3+5-WPM-IEL
Number of ECTS credits allocated
  • 5.0
Name of lecturer(s)
Mode of delivery
  • face-to-face
Recommended optional program components
  • none
Recommended or required reading
  • - Cumming, D., Deloof, M., Manigart, S., & Wright, M. (2019). New directions in entrepreneurial finance. Journal of Banking & Finance, 100, 252-260.
    - Denis, D. J. (2004). Entrepreneurial finance: an overview of the issues and evidence. Journal of corporate finance, 10(2), 301-326.
    - Cumming, D. (Ed.). (2012). The Oxford handbook of entrepreneurial finance. Oxford University Press.
Assessment methods and criteria
  • assessment
Additional information about examination modalities
  • Assessment
    Individual / Group Presentation
    Individual / Group Project Work
Level of course unit
  • Bachelor
Year of study
  • Fall 2026
Semester when the course unit is delivered
  • 5
Language of instruction
  • English
Learning outcomes of the course unit
  • Upon completion of this elective course, students will be able to:
    - Be familiar with the basic principles of economics and finance
    - Understand the broader contexts and relevant factors surrounding financial decisions
    - Understand risk and how it can be managed
    - Make reflective and informed economic and financial decisions in personal and entrepreneurial context
    - Understand how to calculate and manage cash flows
    - Conceptualize their business ideas and pitch them to potential investors
Prerequisites and co-requisites
  • None
Course contents
  • - Introduction to economics and finance
    - Risk and time value of money
    - The psychology of economic and financial decision-making
    - Personal financial management (budgeting, saving and investing, debt management, retirement planning, taxes)
    - Managing receivables, payables, and cash-flows
    - Understanding balance sheets and income statements
    - Start-up funding and relations with investors and creditors/banks
Planned learning activities and teaching methods
  • The course comprises an interactive mix of lectures, discussions and individual and group work.
Work placement(s)
  • none

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