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Macquarie University

Financial Literacy

Macquarie University via Open2Study

This course may be unavailable.


You will be shown how to set your goals and how to achieve those goals using an established, working savings plan.

You will then learn the basic skills to get you started on building your wealth and then you will be shown the common mistakes people make with managing their money.

What will I learn?
  • The difference between lifestyle goals and financial goals
    • How the two are interconnected
  • How to construct a savings plan using your income and your expenses
    • How to use that savings plan to achieve your financial goals
  • The basics steps to starting to invest
  • The 10% rule
  • The difference between savings and investments
  • The basic risks involved with debt
  • How compound interest works
  • You will be introduced to three forms of investment or asset classes
  • How to identify and avoid financial scams
  • How to avoid some of the common mistakes people make with their finances

This course requires approximately 2 - 4 hours of study per week, but can vary depending on the student. This includes watching videos, and taking quizzes and assessments.

If you pass this course you'll receive a Certificate of Achievement. While this certificate isn't a formal qualification or credit, you can use it to demonstrate your interest in learning about this area to potential employers or educational institutions.

Where could this lead me?

If you're wondering what your future could look like in this area, here are some potential careers you could head towards.

  • Business journalist
  • Financial analyst
  • Statistician
  • Stockbroker
  • Financial planner
  • Investment analyst
  • Management consultant
  • Financial advisor
  • Fund manager
  • Risk manager
  • Treasury analyst



Taught by

Peter Mordaunt


3.5 rating, based on 14 Class Central reviews

Start your review of Financial Literacy

  • This is a great course on the basics of everyday financial planning. I audited this course as I didn't really need the certificate but I really enjoyed it - I learnt a good deal about goal setting and getting a financial plan in place. Take it!
  • This class is great for a very basic introduction to Financial Literacy. It gives you the framework from which to build a financial plan for your life including learning how to save, how to create a budget, and how to invest. It is not a very in depth course, which is the only downfall to it, and it only takes probably an hour an a half for each week of work. But Professor Mordaunt is concise and at times entertaining.
  • Monde Richman Mdlozini
    Can help to manage money wisely ,make sound financial decisions,and achieve financial stability in to avoid debt and prepare financially for the future . A better understanding of how finance work can inspire you to make certain decision,that can lead to saving for retirement,not taking unnecessary debt or helping me or my family to make better decision.
  • A decent overview of personal finance, but nothing terribly specific is covered. A lot of the material could be summarized with "don't be an idiot with your money, save, etc."
  • Adeleke Adekunle
    I would to start the class if am honoured to do so . This would help me to learn more in other to cope with the dynamic world and my finances.
  • Lyn
    basic personal finance knowledge. Helps learner to grasp general idea for personal finance management. Key thing is to save money
  • Aleksandra Walus
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  • Akabzaa Roland

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