Fundamentals of Financial Planning – Ratio and Debt Management by Jack Lin
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Global Market Outlook and The Acceleration of De-Dollarisation by James Chin
September 27, 2024
Essential Knowledge of Economics in Financial Planning Practice by Gavin Teoh
RM160.00
| Date | 8 October 2024 |
|---|---|
| Time | 9.00am – 1.00pm |
| CE/CPE/CPD | 10 SIDC CPE Points / 5 FPAM CE Points / 4 FiMM CPD Points |
| Facilitator | Gavin Teoh |
Economics is an integral part of our daily lives, often influencing our financial decisions and shaping our future. This multidisciplinary field studies how people use their limited resources to try to fulfil unlimited wants and it involves alternatives or choices. From budgeting and investment choices to retirement planning and risk management, the principles of economics through its disciplines of microeconomics and macroeconomics provide individuals with tools to navigate the complex financial landscape. The subject is rarely taught deeply in any financial planning course or training, but it is inevitable for financial planners to master the knowledge to explain the influence of economic theories, from mainstream to heterodox economics, that can empower people to make informed financial decisions. Therefore, this course is specially created with the sole motive that through this workshop, the participants will be able to explore how economics subject has played a crucial role in our financial planning practice. Thus, it eventually improves our practice competency to provide sound financial advice to clients.
Learning Outcome
By the end of the course, participants will be able to:
- Describe the fundamental issues of the economy and precedent economic theories that would apply in financial planning practice.
- Apply key financial market concepts of financial economics in providing good financial advice.
- Explain how the tools of monetary policy work in different business cycles and their influence on the economy, market, and consumer behaviour.
- Identify issues of exchange rate volatility that impact the financial life of financial consumers.
- Discover the irrational behaviours of financial consumers in managing their finances which is beyond the normal and rational economic decisions.
- Explain the fundamental economic drivers of juggling financial and time trade-offs in deciding choices that lead to outcomes of family planning, and the roles of financial planning.