Sociology of financial behaviour DSBA 2023/24

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Teacher

Lecturer Kuzina Olga Evgenyevna

kuzina@hse.ru

Grading system

Test: In-class assignment 0.2

Period: 1st module 2023/2024, Study period, Offline

Grade: 1st module 2023/2024

Description: Test consists two parts: 1. Improve the questionnaire. Students are given the list of survey questions which have different mistakes in their wording. Students are supposed to indicate problems and improve questions to get higher construct validity of the measurement. 2. Theory quest. Students are supposed to demonstrate their knowledge of theoretical models of households’ financial behaviour which are developed in economic theory, economic psychology and economic sociology. Exam tests all knowledge and skills mastered during the course. There are no retakes of the test for those students who were not present irrespective for the reasons of the absence. ICEF 'students who are absent because of medical or other valid excuse during the test will be compensated by ICEF rules for grading.

Criteria for evaluation: Grading for Part 1 – all students are given the same time to fulfil the task – 20 minutes, one point is given for revealing one mistake in the wording of the questions, the highest scorers get 15 marks, the rest are graded as a percentage of this maximum. For example, if the maximum number of points is 50, a student whose score is 35 will get 10,5 marks out of 15. Grading for Part 2. 6 marks questions are graded in the following way: up to 2 marks are given for definitions and proper references, additional 2 – for explanations, the remaining 2 – for proper examples how they work. 12 marks questions are graded in the following way: 1-3 marks – students fail to answer the question 4-5 marks – descriptive answers based on memorised information with little understanding 6-7 marks – good answers with proper selectivity, but lack of critical evaluation 8-10 – excellent answers, relevant material selected and proper arguments are given 11-12 – exceptional answers, full understanding, signs of reading beyond the obligatory literature and the ability to explain how people make financial decisions in terms of different theoretical approaches studied during the course.

Test consists two parts: 1. Improve the questionnaire. Students are given the list of survey questions which have different mistakes in their wording. Students are supposed to indicate problems with questions wordings in terms of construct validity of the measurement. 2. Theory quest. Students are supposed to demonstrate their knowledge of theoretical models of households’ financial behaviour which are developed in economic theory, economic psychology and economic sociology.


Class participation: Activity 0.1

Period: 2nd module 2023/2024, Study period, Offline

Grade: 2nd module 2023/2024

Description: Students’ activity during seminars.

Criteria for evaluation: The teacher gives marks for students’ activity during seminars: for being present and asking questions after the presentations and participating in the discussions. Those students who ask relevant questions and give right comments on the pluses and minuses of presentations get higher marks for seminar activity mark - Gclass Class participation is graded in the following way: 60% of marks are given for class participation as a percent of classes attended minus one. For example, if there are 13 classes in a semester those who were present in all 12 classes will get 60 marks out of 100, the rest 40% are earned marks by asking questions or giving relevant comments during the class.

Exam: In-class assignment 0.4

Period: 2nd module 2023/2024, Session, Offline

Grade: 2nd module 2023/2024

Is exam

Description: Exam tests all knowledge and skills mastered during the course. The passing final grade for the course is announced after the final exam in December. The passing final grade could not be bigger than 40 marks or smaller than 25 marks depending on the overall results of students’ cohort. In case of unsatisfactory final grade in 100 - point scale for the course, a satisfactory grade in 10 - point scale is given if a student has received high grade for exam (60 marks or more).

Retake an exam: Possible

Retake principles:

Retakes are organized in accordance with the HSE Interim and Ongoing Assessment Regulations for DSBA students.

Presentation 0.3

Period: 2nd module 2023/2024, Study period, Offline

Grade: 2nd module 2023/2024

Description: Download PPT files with HSE logo, presentation templates PPT or PPTX with HSE logo in English can be found here http://www.hse.ru/org/hse/info/logo . Students may use the HSE templates, however they are not obliged to do this. The file name must include the student's name and the title of the article in English. Example: Olga Kuzina’s presentation of the paper Modigliani, Franco and Richard Brumberg, 1954. Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data, in Kenneth K. Kurihara, ed.: Post Keynesian Economics, Rutgers University Press, New Brunswick, NJ, 388-436. The file name in this case should be as follows: Kuzina Utility Analysis and the Consumption Function An Interpretation of Cross-Section Data 1954.pptx or ppt, depending on which version of the Power Point program you use. You may choose any research paper from the list of readings in the syllabus, however if you want you may also use papers on financial behaviour of households which are not mentioned in the syllabus – the only thing which you have to do is to send me the full text of it in order to verify that the chosen topic is appropriate for the course. Be careful – no textbook chapters, literature reviews or business reports are acceptable for presentations. Empirical papers published in the academic peer review journals only! If the paper you are interested in has no link but a DOI name only you can resolve a DOI name here http://www.doi.org/ If students choose the same paper there will be no fun to listen the same ideas several times. That is why the teaching assistant will coordinate the choices of students via permanent updating the schedule of presentations according to the information which students will disclose to him or her. The schedule will be made on the first-come first-served basis, if the paper has been booked the rest should choose a different paper. Students can book their papers, dates and time on-line only! Links to the registration form and to the presentations’ schedule will be provided. Before filling the registration form, make sure that the paper has not been already booked by other students in your class! Presentations should be properly structured: start from the research problem of the paper and a justification of it (theoretical, empirical or policy-relevant issues to be mentioned) indicate the goal(s) of the paper explain theoretical ideas which are discussed by the author (literature review – students do not need to go into too many details – the main question for this section is to give an idea on what kind of theoretical and empirical literature the research is based on) reveal what the author’s idea, model, hypotheses, operationalisation of the main concepts are describe the data used (check if it is possible to get free access to the data used by the author of the paper) explain how the data was analysed – how is the model tested, what are the results? summarise the main conclusion of the paper – a short answer to the research question make the discussion slide (what we have learned from the paper and what we should be cautious about – critical assessment of the paper - students should give their opinion about the strengths and weaknesses of the paper – if there are any doubts in the objectivity of the research results of the paper).

Retake principles:

There is an opportunity to schedule an additional date in case of absence for a valid excuse.

Criteria for evaluation: Evaluation criteria - presentation should give a clear and accurate picture of the paper. The quality of the discussion slide is one of the most important for those who want to get excellent marks for their presentations! On the one hand, your slides should not be overloaded with words or information which means that you cannot just copy and paste the paragraphs from the text. On the other hand, the presentation should not be too brief, that is one can use the presentation to get an idea of the main issues of the paper without the speaker. The number of slides is not limited. The presentation should take not more than 15 minutes. So, it is better to place on slides all the information is essential for understanding of the paper, then in the course of your presentation you can skip what is less important. The main task is to make the presentation clear and to give an idea of what has been done in the paper and critically assess its findings. After the presentation if a student wants to get a higher mark for his or her presentation s/he can update the presentation slides according to the comments given during the presentation. If this is properly done up to 10 marks will be added for the Gpresentation. The presentation should be sent in an editable PPT format. All presentations will be displayed in ICEF inform system to be available to all. In the final exam paper, there are questions about the papers have been presented during the seminars. All presentations should be made in English. Marks which are given for students’ presentations – Gpresentation – 80% of the mark will be given for the content of the presentation (ability to deliver the message and understanding of the paper, dealing with questions) and 20% - for the presentation skills (all funny things which you use to attract the interest of the audience). Marking of presentations Fail grades 0-19 irrelevant paper was chosen, or the audience did not get the idea of the paper, or the presenter was reading instead of speaking, his/her answers to the questions showed no understanding of the paper. It does not matter how good the slides were if any of the above happened students are given a fail mark within this range. 20-29 a relevant paper was chosen, the slides were done properly, however, the audience did not get the idea of the paper, or the presenter was reading instead of speaking, or his/her answers to the questions showed no understanding of the paper. 30-39 a relevant paper was chosen, the slides were done properly, the presenter was not reading, s/he was speaking, however, the audience did not get the idea of the paper, or his/her answers to the questions showed no understanding of the paper. Satisfactory grades 40-46 a relevant paper was chosen, the slides were done properly, the presenter was not reading, s/he was speaking, the audience did get some idea of the paper, his/her answers to the questions showed little understanding of the paper. 47-53 a relevant paper was chosen, the slides were done properly, the presenter was not reading, s/he was speaking, the audience did get an idea of the paper, however, slide did not contain the needed information or were overloaded with it, student’s answers to the questions showed only basic understanding of the paper. Good grades 54-61 a relevant paper was chosen, the slides were done properly, the presenter was not reading, s/he was speaking, the audience did get the idea of the paper, his/her answers to the questions showed good understanding of the paper, however, there are mistakes on the slides which prevent the audience to understand some of the material, the critical assessment of the paper was irrelevant or missing. 62-69 a relevant paper was chosen, the slides were done properly, the presenter was not reading, s/he was speaking, the audience did get an idea of the paper, his/her answers to the questions showed full understanding of the paper, however, the critical assessment of the paper was irrelevant or missing. Excellent grades 70-77 a relevant paper was chosen, the slides were done properly, the presenter was not reading, s/he was speaking, the audience did get an idea of the paper, his/her answers to the questions showed full understanding of the paper, the critical assessment of the paper was relevant, however, the main weaknesses of the paper were not addressed. 78-85 a relevant paper was chosen, the slides were done properly, the presenter was not reading, s/he was speaking, the audience did get an idea of the paper, his/her answers to the questions showed full understanding of the paper, the critical assessment of the paper was relevant, the main weaknesses of the paper were addressed. The student was able to justify a new research agenda in the field of the study (for example for a diploma thesis at ICEF) 86-100 a relevant paper was chosen, the slides were done properly, the presenter was not reading, s/he was speaking, the audience did get an idea of the paper, his/her answers to the questions showed full understanding of the paper, the critical assessment of the paper was relevant, the main weaknesses of the paper were addressed. The student did extra reading on the topic and s/he was able to justify a new research agenda in the field of the study (for example for a diploma thesis at ICEF).


Interim assessment (2023/2024 2nd module)

Estimation formula: Test: In-class assignment * 0.2 + Class participation: Activity * 0.1 + Exam: In-class assignment * 0.4 + Presentation: Presentation * 0.3
Rounding rules: Arithmetic
Retake principles: There are no retakes of the test for those students who were not present irrespective for the reasons of the absence. There are no retakes of the presentation. Retakes are organized in accordance with the HSE Interim and Ongoing Assessment Regulations for DSBA students.

Final Grade

Estimation formula: The final grade is calculated according to the interim assessment formula 2nd module 2023/2024:

0.3 * Presentation + 0.1 * Class participation + 0.2 * Test + 0.4 * Exam

Syllabus

Syllabus