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  1. 1. co/09/07 ROSE STATE COLLEGE DIVISION COURSE SYLLABUS Division Business & Information Technology Course and Prefix Number ECON 2103 Course Title Personal Finance Semester and Year Submitted FALL 07 Credit Hours 3 Prepared By Jeff Caldwell Hours Per Week: Class 3 Lab 0 COURSE DESCRIPTION (as it appears in Catalog): This course will provide comprehensive coverage of personal financial planning in the areas of money management, career planning, taxes, consumer credit, housing and other consumer decisions, legal protection, insurance, investments, retirement planning, and estate planning. Prerequisite(s): None Text(s): Title Personal Finance Author Kapoor, Dlabay, Hughes Edition 8th Publisher McGraw-Hill ISBN 0-07-322359-X Copyright Date 2007 Supplemental Materials (other books, audio visual aids, etc.): /home/pptfactory/temp/20100708113213/course-rationale845.doc
  2. 2. Calculator Financial reports COURSE RATIONALE This course will expose students to a variety of issues relevant to individual financial management and planning. Given the complexities individuals face regarding their financial futures and the variety of issues each person faces when planning for both short- and long-term wealth accumulation and planning for future contingencies, this course will provide students with an introduction to many topics designed to increase their financial well-being. EXPECTED OUTCOMES Upon completion of Personal Finance, the student will be able to: 1. Identify the different career strategies and the costs/benefits of each. 2. Properly identify money management strategies to achieve specific economic goals. 3. Identify terminology relevant to income tax planning. 4. Identify the various types of banking services and functions. 5. Identify issues relevant to obtaining consumer credit. 6. List factors one should consider when developing consumer strategies. 7. Identify factors relevant to obtaining a mortgage and purchasing housing. 8. Recognize the purposes and differences in the various types of insurance. 9. Identify the fundamentals of financial management and investment planning. 10. Recognize the differences and similarities among stocks, bonds, mutual funds, and real estate investments. 2
  3. 3. 11.Identify the factors one should consider when planning for retirement and estate planning. INSTRUCTIONAL METHODS Lecture Discussion Problems Solving Case Building COURSE ASSESSMENT The final grade for the course will be determined as follows: Chapter Exams 60 – 100% Comprehensive Final 0 – 20% Problems, Class Participation 0 – 20% Grading Scale 90 – 100% A 80 – 89% B 70 – 79% C 60 – 69% D 59% and below F COURSE CONTENT Unit I A study of the goals of financial management, the duties of the financial manager, and sources of funds. Expected Outcomes On a written test the student will: 1. Define the goal of financial management. 2. State the duties of the financial manager. 3. Identify the types of career strategies. 4. Identify the types of money management strategies. 3
  4. 4. 5. Identify tax information that affects financial management planning. 6. Identify the differences and variety of services financial institutions provide. Unit II A study of the financial planning issues individuals must consider when developing a financial plan. Expected Outcomes On a written test the student will: 1. Identify issues relevant to individual consumer credit. 2. Use financial information to make decisions regarding proper loan analysis and identify differences in the various types of loans. 3. Recognize advantages and disadvantages of the different types of consumer credit. 4. Identify issues relevant to various consumer strategies. 5. Identify how transportation costs affect consumer decisions. 6. Identify the issues relevant to obtaining housing. 7. Recognize the costs/benefits in renting and buying housing. 8. Identify methods, advantages/disadvantages, and sources of various types of mortgage financing. Unit III A study of risk management Expected Outcomes On a written test the student will: 1. Identify the factors one should consider when obtaining home and auto insurance. 2. Recognize terminology relevant to home and auto insurance policies. 4
  5. 5. 3. Identify the factors one should consider when obtaining health care and disability insurance. 4. Recognize terminology relevant to health care and disability insurance policies. 5. Identify the factors one should consider when obtaining life insurance. 6. Recognize terminology relevant to life insurance policies. Unit IV A study of investment and retirement planning Expected Outcomes On a written test the student will: 1. Identify the goals of investing and the fundamentals of investment planning. 2. Recognize the differences between stocks, bonds, and mutual funds. 3. Utilize financial information to analyze and compare stocks, bonds, and mutual funds. 4. Identify real estate investment fundamentals. 5. Utilize financial information to develop a financial plan for retirement. 6. Recognize the fundamental components involved in estate planning. 5