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FRESNO CITY COLLEGE
                                   COURSE OUTLINE OF RECORD

Course Subject and Number                ...
Entry Level Skills:             Upon entering the course, the student should be able to:

    1.    Employ various techniq...
[X] Primarily College Level
                                                                                          Prof...
above.


[x]     MULTIPLE CHOICE



[x]     OTHER: Describe. (Examples: tests, quizzes, homework)



*For degree credit: A...
Expanded Description of Content and Methods:

Content:

1.    Introduction to personal financial planning and how social, ...
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Transcript of "online.fresnocitycollege.edu"

  1. 1. FRESNO CITY COLLEGE COURSE OUTLINE OF RECORD Course Subject and Number Discipline(s) Business Administration 30 Business Administration Term Effective Course Title Fall 2006 Personal Finance Catalog Description: [x] no change [ ] revised/clarified [ ] new (check one) Prerequisite: [x] no change [ ] revised/clarified [ ] new (check one) Corequisite: [x] no change [ ] revised/clarified [ ] new (check one) Advisory: [x] no change [ ] revised/clarified [ ] new (check one) Units, hours, repeatability, credit/no credit, number of weeks: [x] no change [ ] revised [ ] new (check one) (If revised is checked, underline item(s) revised above.) 3 unit(s) 3 lecture hour(s) 0 laboratory hour(s) 0 number of repeats (maximum = 3) credit/no credit only 18 number of weeks Prerequisite: None Corequisite: None Advisory: BA 10 and eligibility for English 125 and 126 or English 153 or ESL 67 and 68 and Math 101 recommended. Description: Examines the integration of personal financial management with physiological and psychological well-being and the life-long impact financial decisions have on individuals, families and society-at-large. Topics include tax strategies; financial planning strategies; financial monitoring and reporting; money & credit management; home ownership; home, health, auto and disability insurance; saving and investing; and retirement and estate planning.
  2. 2. Entry Level Skills: Upon entering the course, the student should be able to: 1. Employ various techniques to recognize and use new vocabulary. 2. Demonstrate skills to employ reading strategies and the reading process. 3. Demonstrate skill in selecting and using appropriate study skills. 4. Demonstrate an understanding of the basic economic functions. 5. Demonstrate an understanding of how government affects individuals through economic, political and legal policies. 6. Perform the four arithmetic operations on whole numbers, arithmetic fractions, and decimal fractions. 7. Make the conversions from arithmetic fractions to decimal fractions, from decimal fractions to percents, and then reverse the process. 8. Apply the concepts listed above to proportions, percents, simple interest, markup and discount. Requested Credit Classification (Applicant) [x] Course contains an international component. [ [x] Degree applicable [ ] Noncredit [ ] Course contains American pluralism and [ ] Nondegree Applicable [x] Transfer Level identity content. Expected Outcomes/Objectives: should be written in the context of Student Learning Outcomes (SLO). Upon successful completion of the course, what will the student be able to do? See curriculum web site for more details (http://online.fresnocitycollege.edu/senate/curriculum/slo.html). : 1. Demonstrate an understanding of how social, political & economic institutions are interwoven in financial decisions as measured by class discussion, case analysis, and written exam. 2. Present the negative effect that poverty (and/or mismanaging financial resources) has on physical and mental health, socialization and overall well-being on individuals as measured by student research and reporting, class discussion, case analysis, and written exam. 3. Demonstrate how finances influence psychological health and how psychological health impacts spending and saving behavior when making financial decisions as measured by student’s written assignment, case analysis, class discussion, and written exam. 4. Demonstrate an understanding of the influence that culture, gender/sexuality, marital/family status, personality and age play in financial decision-making as measured by class discussion, case analysis, and written exam. 5. Develop a personal career strategy for economic self-sufficiency designed to improve physical, social and mental health as measured by the student’s written career strategy. 6. Prepare a personal financial statement and budget designed to improve physical, social and mental health as measured by the student’s written personal financial statement and budget. 7. Develop a personal (federal & state) tax strategy as measured by the student’s written tax strategy. 8. Demonstrate an understanding of the banking services of financial institutions as measured by written exam. 9. Evaluate the costs and benefits of credit alternatives as measured by case study, student research, and written exam. 10. Develop purchasing and budgeting strategies as measured by written assignment. 11. Evaluate housing options (advantages/disadvantages of rent, lease or purchase) as measured by student research and written exam. 12. Evaluate transportation options (purchase vs. lease) as measured by student research and written exam as measured by student research and written exam. 13. Evaluate appropriate insurance options relating to home, auto, health, disability and life insurance as measured by student research and written exam. 14. Demonstrate an understanding of investment strategies relating to stocks, bonds, mutual funds, real estate as measured by case studies, class discussion, student research, and written exam. 15. Demonstrate an understanding of retirement issues and estate planning as measured by case study and written exam. 16. Demonstrate an understanding of how the aggregate effects of factors 1-14 (listed above) impact overall quality of life specifically as it relates to physical, psychological and physiological issues as measured by class discussion, case study, written assignments, and written exam. Texts, Other Readings, and Materials: Text(s) Bajtelsmit, Vickie, Personal Finance Skills for Life, 1st Edition, Wiley Higher Education, Hoboken, N.J., 2005. Madura, Jeff, Personal Finance, 2nd Edition, Addison Wesley, Boston, MA 2004. Supplemental materials/articles provided by instructor. Recommended Readings: Wall Street Journal Fortune Kiplinger’s Personal Finance Magazine Money Magazine Forbes Worth Barron’s
  3. 3. [X] Primarily College Level Professional Judgment [ ] Primarily not College Level (How Determined) Out-of-Class Assignments: 6 hours per week (or equivalent) List types: 1. Read text and/or assigned library materials 2. Case study analysis 3. Current article review analysis 4. Projects as assigned 5. Prepare a personal financial plan [x] Class participation and assignments require and develop critical thinking (see Expected Outcomes/Objectives). Describe how: Students will analyze and develop strategies pertaining to credit uses, insurance, budgeting, investing and retirement. Case studies and student discussions will require analysis and problem-solving skills. Case studies and student experiences center on the impact decisions have on economic self-sufficiency, increased self-esteem, improved psychological and physical health and improved overall quality of life for individuals, their family units and society-at-large. [x] Primarily College Level [ ] Not Primarily College Level [x] 2 hours of independent work done out of [ ] Ratio of amount of work per unit of credit class per each hour of lecture or class required by curriculum committee for a work, or 3 hours lab, practicum, or the nondegree credit course is met. equivalent, per unit. Assessment: Grades will be based upon: [x] WRITING ASSIGNMENT* (check all that apply) [ ] Formal Essay (ENGL 1A level) [ ] Short Composition [x] Informal Essay Questions [x] Other (please explain) Writing assignments include short-answer exam questions; written plans; and analysis of case studies. Students will meet this requirement by writing short compositions on fixed topics relating to personal finance (e.g., strategies on textbook problems, case studies and/or student experience). [x] COMPUTATION* Students must create budgets and conduct ratio analysis. [x] NONCOMPUTATIONAL PROBLEM-SOLVING* Examples: Through case studies, common student issues such as overuse of credit, failure to balance bank accounts/case flow, overspending for social status, indulgences such as smoking and eating out, the impact of divorce, expenses involved with having children, securing housing, nutrition, and education and employment goals will be analyzed. [x] SKILL DEMONSTRATION Kind: Students will be able to develop a personal financial plan that addresses the issues discussed
  4. 4. above. [x] MULTIPLE CHOICE [x] OTHER: Describe. (Examples: tests, quizzes, homework) *For degree credit: At least one of the first three boxes above must be checked, and if “writing assignment” is not checked, it must be explained why written assignments are an inappropriate basis for at least 25% of the grade in the course.
  5. 5. Expanded Description of Content and Methods: Content: 1. Introduction to personal financial planning and how social, political and economic institutions impact financial behavior. 2. The impact financial resources have on physical and mental health, socialization and overall well- being on individuals. 3. The influence that culture, gender/sexuality, marital/family status and age play in financial decision- making. 4. Personal career strategies designed for economic self-sufficiency and improved physical, social and mental health. 5. Money managements strategy: Financial statements and budgeting to promote improved physical, social and mental health. 6. Applying time value concepts. 7. Tax concepts and planning. 8. Banking, interest rates and financial services. 9. Short term money management. 10. Credit management. 11. Purchasing and financing personal assets (cars, education, misc. goods). 12. Purchasing and financing a home. 13. Basics of investing in stocks, mutual funds & bonds. 14. Risk and return. 15. Asset allocation. 16. Auto, home and health insurance. 17. Life and disability insurance. 18. Estate planning. 19. Retirement planning. 20. Integrating the components of a financial plan. 21. The aggregate effects of factors 1-20 (listed above) impact overall quality of life specifically as it relates to physical, psychological and physiological issues. Methods: 1. Lecture A. Guest Lecturers B. Field Trips/Enrichment Activities 2. Media Methods A. Transparencies B. Films/Videos C. Financial Software Applications D. Graphics/Charts E. Whiteboard F. Handouts and articles G. PowerPoint and/or the Internet 3. Class Participation and Discussion A. Lecture review B. Case studies (corporate, personal, and societal) C. Chapter questions D. Current events

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