from The Open University
Alternatively you can skip the navigation by pressing 'Enter'.
LifeTuesday, 3rd March 2015 21:00 - EdenDavid Attenborough's ten-part exploration of the enormous variety of life on planet Earth. Read more: OU on the BBC: Life
BBC Inside Science - Trends in forensicsAvailable until Tuesday, 24th March 2015 14:30BBC Inside Science asks where the future of forensics lies this week. Read more: OU on the BBC: BBC Inside Science - Trends in forensics
How Obamacare is reaching young invincibles through digital technologiesReaching the under-35s by using digital technologies is crucial to the success of the insurance... Read more: How Obamacare is reaching young invincibles through digital technologies
Take the photographic memory testCan you capture scenes just by looking at them? Find out with our photographic memory test. Launch now: Take the photographic memory test
Succeed with maths – Part 1 [TEST]DO NOT ATTEMPT TO COMPLETE THIS COURSE. IT IS ENTIRELY FOR OPENLEARN TESTING PURPOSES. Try: Succeed with maths – Part 1 [TEST] now
Succeed with maths – Part 1[BETA] If you feel that maths is a mystery that you want to unravel then this short 8-week course... Try: Succeed with maths – Part 1 now
You and your money
An important aspect of personal finance is the way individuals and households manage...
An important aspect of personal finance is the way individuals and households manage their debt, how much it costs and the different types of credit they can or cannot access. This unit explores these issues, with respect to the wider, changing, social and economic context.
By the end of this unit you should:
- have knowledge of the structure of the financial services industry and the role of financial liberalisation in shaping this industry
- understand the basics of debt and interest
- have an appreciation of different forms of unsecured lending
- be able to apply the financial planning model to the borrowing process.
- Current section: Introduction
- Learning outcomes
- 1 Debt
- 2 Exploration of debt
- 3 Debt costs
- 4 Debt and household finance
- 5 The borrowing process
- 6 Conclusion
You and your money
This unit is an adapted extract from the Open University course. It focuses on debt and borrowing. This is an important aspect of personal finance as it ties in with the broader context of how debt can be used in the economic system to channel growth but at the same time involve risks for indebted individuals.