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Course Description

In this course we will introduce key concepts from behavioral economics and apply them to strategic decision-making within wealth management. Students will review the most prevalent psychological barriers to optimal decision-making across the full breadth of the financial planning process, which includes investment selection, income strategies, estate planning, avoiding taxes, perceiving risk, and budgeting. Once identified, students will learn how to solve these common barriers to decision-making. Finally, students will apply concepts learned beyond the financial realm and extend them into daily living: family matters, health choices, career decisions, intellectual pursuits, and more.

Learner Outcomes

  • Develop strategies to overcome psychological biases, heuristics, and known decision-making tendencies within behavioral economics.
  • Be able to explain how behavioral economics applies to financial planning and wealth management.
  • Extrapolate ideas to broader non-financial decisions such as health care, public policy, career choices, intellectual pursuits, and more.
  • Analyze common psychological factors that prevent everyday investors from building wealth.
  • Identify core principles from behavioral economics, connect them to critical financial decisions, and learn how to solve them.
  • Understand the breadth of the wealth management domain.

 

Prerequisites

SIP 499.1-499.2, 499.4

To enroll in Strategic Investments elective courses, students must have completed ECON X499.1, ECON X499.2, and ECON X499.4 with a grade C or better. 

If you have substituted ECON X499.1 with a ECON 134A please email your unofficial transcript to help@professional.ucsb.edu for assistance.  

Concurrent Enrollment Permissible: If you have already enrolled in ECON X499.1 / ECON X499.2 / ECON X499.4 and wish to register before the courses have completed, please contact PaCE Support at 805-893-4200 to bypass the prerequisite.

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
Class
Days
Th
Time
5:00PM to 7:00PM
Dates
Apr 25, 2024 to May 30, 2024
Campus
UCSB Campus
Building
North Hall
Room
Room 1110
Type
Class
Days
F
Time
5:00PM to 7:00PM
Dates
May 10, 2024 to May 24, 2024
Campus
UCSB Campus
Building
North Hall
Room
Room 1110
Schedule and Location
Contact Hours
9.0
Location
Delivery Options
Course Fee(s)
Course Fee credit (1 units) $165.00
Potential Discount(s)
Available for Credit
1 units
Section Notes

Steps to Enroll

How to Access Your Online Course:
IMPORTANT: Click here for instructions on how to access your online course

Registration Notice: 

Self-enrollment will be available until 3:00 PM on 04/25/24.  If you wish to enroll after that time, please contact PaCE Support at help@professional.ucsb.edu

Required Textbook(s):
TBD

No refunds after 04/24/24

A full refund is given (less a $40 administrative fee per course) if notice of dropping from the course is received by PaCE 5 or more days prior to the first day of instruction.  A 50% refund is given (less a $40 administrative fee) if notice of dropping from the course is received 1-4 days prior to the course start date.  See the full Drop Policy here.