Syllabus PFP 3301 – Introduction to Personal Finance


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Syllabus PFP 3301 – Introduction to Personal Finance

  1. 1. Syllabus PFP 3301 – Introduction to Personal Finance Instructor: Office: Office Hours: Phone: E-Mail: Through Blackboard T.A.: Office: Office Hours: Phone: E-Mail: Through Blackboard Course Website: Text: Garman, E.T., Forgue, R.E. Personal Finance, (latest edition), South-Western Publishing. Financial calculator also required! Texas Instruments BAII Plus YOU MUST HAVE YOUR CALCULATOR THE FIRST WEEK OF CLASS. Bring your financial calculator to class every day. Catalog Course description: 3301. Introduction to Personal Finance (3:3:0). Prerequisites: Upper-division standing; For non-majors only; Introduction to personal financial planning, including goal setting, cash management, credit, insurance, taxes, housing, investment alternatives, and retirement plans. Expected Learning Outcomes: Upon successful completion of this course, students should be able to:  Demonstrate an understanding of the time value of money and use a financial calculator to compute present value, future value and periodic payments.  Specify financial goals and create personal financial statements, including a balance sheet, income and expense statement, and budget.  Identify wise debt management practices and compare/contrast debt alternatives.  Identify ways to improve an individual’s credit score and defend against identity theft.  Demonstrate decision-making skills used to make a major consumer purchase such as a home or automobile.  Recognize the impact of taxes on personal finances and prepare an individual income tax return (form 1040).  Classify potential risks faced by individuals and families and identify strategies for handling these risks.  Identify basic insurance terminology and coverage options, and prioritize options based on need.  Distinguish between the most common banking and investment products and assess the relationship between liquidity, risk and return.  Discuss the importance of retirement planning and distinguish between the major retirement savings vehicles. Methods for Assessing the Expected Learning Outcomes: The expected learning outcomes for the course will be assessed through: quizzes, exams, and homework assignments.
  2. 2. Blackboard: The course will be managed through Blackboard. Students are responsible for checking the site regularly for lecture powerpoints, announcements, and e-mails from the instructor. Exams: Three multiple choice exams will be given. The third exam will be taken on the final exam date. The first two exams will be given in class on the days indicated on your course schedule. Exams will focus on application of information presented in class and the information in the textbook. Students using the services of AccessTech may take their exams in the PASS Center. It is the student’s responsibility to make necessary arrangements with the PASS Center. Quizzes: The quizzes will cover topics that are heavily discussed in class (topics shown in the class schedule). Quizzes will be taken in class. Participation: It is the student’s responsibility to come prepared for class each day. There will be assignments for which I will assign a participation grade. Students are expected to do the assigned reading and any assignments before class. While the instructor will not take roll, your attendance will definitely affect your ability to perform well in the class. 50% will be deducted from all participation assignments turned in late. Make-Up Policy: You will be allowed to make-up one missed assignment (test or quiz, not one of each) during the semester no questions asked. Missing more than one assignment during the semester will result in an automatic 0 for that assignment. This does not apply if assignments are missed for university sponsored events. There will be a day during the semester in which all make-up assignments will be completed, (see course schedule), therefore there is no need to contact me to schedule a make-up. Grading: Participation 50 10% A = 450-500 points Quizzes (2 @ 50 points each) 100 20% B = 400-449 points Test 1 100 20% C = 350-399 points Test 2 100 20% D = 300-349 points Final Exam 150 30% F = 299 or below Total 500 100% There will be no extra credit given during the semester!! Communication with the Instructor: I will communicate with class members through Blackboard. All student e-mail will be sent to student Blackboard accounts. Students will be held responsible for all e-mail sent to the Blackboard account, regardless of whether or not it was forwarded from another account. We’ll do our best to answer your e- mails or post a message to the discussion board as soon as possible. Academic Honesty: Academic honesty is expected. Students who violate University rules on scholastic dishonesty are subject to disciplinary penalties, including the possibility of failure in the course and dismissal from the University. Since dishonesty harms the individual, fellow students, and the integrity of the University, policies on scholastic dishonesty will be strictly enforced. Each student is expected to follow the honor code and behave in accordance with the rules of the University as outlined in the Code of Student Conduct.
  3. 3. Civility in the Classroom: Students are expected to assist in maintaining a classroom environment conducive to learning. To assure that all students have an opportunity to gain from time spent in class, students are prohibited from distraction such as using cellular phones or beepers, making offensive remarks, chatting, reading newspapers, sleeping, or engaging in any other form of distraction. Inappropriate behavior in the classroom shall result, minimally, in a request to leave class. Disability: Accommodations, availability of services/auxiliary aids statement: "Persons with disabilities who may need auxiliary aids or services are requested to contact the Assistant Vice President for Student Affairs, at 742-2192, preferably a few days in advance of participation so that appropriate arrangements can be made.” Class syllabi statement: "Any student who, because of a disability, may require some special arrangements in order to meet course requirements should contact the instructor as soon as possible to make necessary accommodations.” Nondiscrimination Statement: Texas Tech is committed to the principle that in no aspects of its programs shall there be differences in the treatment of persons because of race, creed, national origin, age, sex, or disability, and that equal opportunity and access to facilities shall be available to all. Plagiarism: Plagiarism occurs when a student submits work that is not his or her own. This includes copying from printed materials, websites, or from other people. Any assignment containing plagiarized material will automatically be graded as zero. Plagiarism may also result in failing the entire course. Students who do not thoroughly understand methods of proper documentation should request assistance from the instructor. The TTU Library has a resource on avoiding plagiarism at the following website:
  4. 4. Course Outline Date Topic Due Dates, etc. Fri. 8/28 Introduction/Syllabus Mon. 8/31 Chapter 1: Financial planning process Wed. 9/02 Chapter 1: Financial planning process Fri. 9/04 Time Value of Money Mon. 9/07 No Class Wed. 9/09 Time Value of Money Fri. 9/11 Time Value of Money Mon. 9/14 TVM Quiz TVM Quiz Wed. 9/16 Chapter 2: Financial Statements Fri. 9/18 Chapter 2: Financial Statements Mon. 9/21 Financial Statement Quiz Fin. Stmt. Quiz Wed. 9/23 Chapter 4: Cash & Savings Assign Participation 1 Fri. 9/25 Chapter 6: Borrowing Mon. 9/28 Chapter 6: Credit Cards Participation 1 Due Wed. 9/30 Student Loans Fri. 10/02 Test 1 – Ch. 1,2,4,6,TVM,Student Loans Test 1 Mon. 10/05 Chapter 7: Using consumer loans Wed. 10/07 Chapter 5: Auto Fri. 10/09 No Class – AFS/FPA Conference Mon. 10/12 No Class – Student Holiday Wed. 10/14 Chapter 5: Auto & Housing Fri. 10/16 Chapter 5: Housing Assign Participation 2 Mon. 10/19 Chapter 10: Property Insurance Participation 2 Due Wed. 10/21 Chapter 8: Life Insurance Fri. 10/23 Chapter 9: Health Insurance Mon. 10/26 Test 2 – Chapters 7,5,10,8,9 Test 2 Wed. 10/28 TVM IV Fri. 10/30 TVM IV Mon. 11/02 Chapter 3: Taxes Wed. 11/04 Chapter 3: Taxes Fri. 11/06 Investment Planning Assign Participation 3 Mon. 11/09 Investment Planning Participation 3 Due Wed. 11/11 Investing in Mutual Funds Fri. 11/13 Investing in Mutual Funds Mon. 11/16 Retirement
  5. 5. Wed. 11/18 Retirement Fri. 11/20 Retirement Assign Participation 4 Mon. 11/23 Retirement Wed. 11/25 No Class – Thanksgiving Holiday Fri. 11/27 No Class – Thanksgiving Holiday Mon. 11/30 Writing Goals P4 Due/Assign P5 Wed. 12/02 Budgeting Participation 5 Due Fri. 12/04 Budgeting Mon. 12/07 Make-up Day Wed. 12/09 Final Review Tues. 12/15 Final Exam – 7:30 – 10:00a.m. Section 003 Fri. 12/11 Final Exam – 1:30 – 4:00p.m. Section 004 This is a tentative schedule and subject to change
  6. 6. Important Dates Date Event September 1 Last day to add a course September 7 Holiday – University Closed September 14 Last day to drop on the web Last day to drop and receive a refund Last day to pay tuition or make payment arrangements September 24 Last day to withdraw and receive a partial refund October 12&13 Student Holiday November 2 Last day to drop a course November 25-27 Thanksgiving Holiday December 4 Last day to withdraw from the university December 9 Last class day December 10 Individual study day