final project proposal ugba 2016 (1)

8/18/2019 Final Project Proposal UGBA 2016 (1)

1/5

Final Project

Option 1: Make your own personal finance video

Option 2: Write paper about changing personal finance by policy or product

Option 1: Make your own personal finance video

All semester, we've made you watch video after video of Professor Odean waxing

financial. We've seen him buy houses, calculate annuities, and do a pretty mean

Hanumanasana. Now it's your turn! For your final project, you'll make a short,

original video on a personal finance topic of your choice.

What should I do?

• Work with the students in your discussion group.

• Choose a topic to focus your video on (for a list of potential topics, see theappendix)

• Make and edit a 3-6 minute video that explains some of the core takeawaysabout this topic

• Upload the video onto Youtube. You won't be able to make the video private, but you can make it available only to people who have a link, so the public

will not have access to it. You may delete it after final grades are given if youchoose.

• One person per team must submit a pdf file for the team’s project to bCourses under the Final Project assignment. Make sure that the file includes

the title of the video, the URL for the video, and clearly list the names and

surnames, Student ID#, and Section of all teammates. Teams that fail to do so

will be assigned 0 points for their work. If you relied on any sources for the

video (e.g., for facts, figures), please provide a references section that citesthese.

What will we be graded on?

• This assignment will be graded out of 50 points

o 20 points: Accuracy !! Your video accurately portrays information from the readings,

videos, and/or slides from the course.

o 20 points: Communication

!! Your video explains information in a clear, structured manner

such that a layperson could easily understand it.

o 10 points: Creativity

!! Your video makes the viewer laugh, sit up, lean in, and/or take

notice. Pretend you're posting the first video for Buzzfeed's

new personal finance page!

• Friendly tips that might help you get a good grade:


2/5

o Prioritize quality over quantity: This video need not be long. In fact,a 4-minute video is better than an 8-minute video if all other things areequal.

o Reign in your subject: Instead of trying to do a video on a large topiclike "Insurance" it might help to think of 1-3 key points you want to

make and just discuss that. For example: "The Three Kinds ofInsurance You Don't Have, But Should." (Already a Buzzfeed article,

see!)

o Write a script: Improv can be fun, but it probably makes sense towrite out a script before you turn the cameras on - or at least anoutline!

o Set aside time to edit: Even bad movies can look good after a greateditor gets his/her hands on the film. Cut out rambling sentences; addin an explanatory picture, whatever helps you make your point best.

Who will see this video?

We will share and/or make your video available to the rest of the class, but will not

make your video public without your group's permission. We may ask some groups

if we can use your videos for future courses, but, again, would not do so without

your groups' permission.

Do all group members need to be in the video?

No. We hope all group members will split work evenly, but there are manyroles: script-writer, camera person, narrator, editor, best boy (grip), etc. Please

participate in a way that makes you comfortable and puts your best figurative face

forward.

Technical issues

Obviously you’ll need some equipment and software to make a video. Most smart

phones today can record HD video. Video editing software is often free or included

in the purchase of a computer (e.g., iMovie). Adobe’s Premiere Pro CC video editing

software is available to students < "##$%&''%()#*+,-./-,0-1-2.-34'+3(/->. However, this is a

full-featured program that may be difficult to use for the basic editing needed for

these videos.


3/5

Appendix: Personal Finance Video Topics

Below is a list of topics you can choose to do your video on. We don't expect you willsay EVERYTHING there is to say about these topics. Instead, we want you to develop

a sense of the critical takeaways for your topic and try to communicate some or all

of those in your video. (If you have a different idea, simply ask! We'll likely say yes!)

• Choosing a career based on economic/educational trends

• Why the value of money changes across time

• Compounding interest

• Annuities

• How do you approach cost-- ! benef it analysis of a master ’s degr ee?

• For profit universities

• Budgeting and Spending: The 50 -- ! 30 -- ! 20 rule

• Buying versus renting a home

• Leasing versus buying a car

• Spending for happiness

• Credit ratings

• Credit cards

• Student debt

• Mortgages

• Personal bankruptcy

• The role of insurance

• Disability Insurance

• Auto Insurance

• Homeowners and renters Insurance

• Life Insurance

• Health Insurance • Long-- ! ter m car e insur ance

• Types of taxes

• Marginal tax rates

• Tax exemptions, deductions and credits

• Decision-- ! making biases

• Mutual funds, ETFs, and index funds

• Diversification and fees

• Active versus passive investing; index funds

• Asset allocation

•

Risk & risk aversion• Stocks and bonds

• Defined benefit versus defined contribution

• Social security

• Medicare

• Diminishing financial literacy in older adults


4/5

Option 2: Write paper about changing personal finance by policy or product

How could you improve peoples’ lives through a new personal finance policy or

product? Pick a specific personal finance problem in the U.S. and propose either a

policy change or an original product (e.g., software app, insurance policy, financial

instrument) that would address the problem. Who would benefit from this policy or product? Who might it hurt? What obstacles political, regulatory, or technological

obstacles might it face.

What should I do?

• Work with students in your discussion group. • Choose specific personal finance problem in the US and propose a

policy change or a new product that might address that problem.

• Write paper; no more than 2,500 words plus up to four tables and graphsand references.

• One member of each team must submit the paper (as a pdf file) to

bCourses under the Final Project assignment. The first page of the paper must contain the title of the paper and clearly list the names andsurnames, Student ID#, and Section of all teammates. Teams that failto do so will be assigned 0 points for their work.

What should we write about?

You should describe in detail the problem you want to address. Provide documented

facts about the breath and severity of the problem. Then describe the policy changeor new product you are proposing. Explain how this policy or product will addressthe problem you’ve identified. Identify the drawbacks to the policy or product. Who

might be hurt by the policy? Who would oppose it? What unmet need would the product meet? What is the current competition? How is this product different?

Would the product have regulatory hurdles?

How long should the paper be?

The paper should be less than 2,500 words not including references.

Document your facts with authoritative sources. List your references.

Include no more than four tables and/or graphs (none are required).

What will we be graded on?

• This assignment will be graded out of 50 points

o 15 points: Communication

• Write clearly

o 15 points: accuracy and documentation

" Provide authoritative sources for all of your facts and data


5/5

o 20 points: Originality and insight

" Be original. Be your own devil#s advocate. Why might

your policy or product fail?

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final project proposal ugba 2016 (1)

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