FINA 102 Personal Finance

This is an introductory course highlighting personal financial planning, including goal setting, budgeting, tax planning, housing, consumer credit, buying automobiles, insurance protection, retirement planning, and an introduction to investing. Projects encourage students to apply course concepts to their own situation.

Credits

3 Credits

Semester Contact Hours Lecture

45

Semester Contact Hours Lab

0

Semester Contact Hours Clinical

0

FINA 102Personal Finance

Please note: This is not a course syllabus. A course syllabus is unique to a particular section of a course by instructor. This curriculum guide provides general information about a course.

I. General Information

Department

II. Course Specification

Course Type

Program Requirement

Credit Hours Narrative

3 Credits

Semester Contact Hours Lecture

45

Semester Contact Hours Lab

0

Semester Contact Hours Clinical

0

Repeatable

N

III. Catalog Course Description

This is an introductory course highlighting personal financial planning, including goal setting, budgeting, tax planning, housing, consumer credit, buying automobiles, insurance protection, retirement planning, and an introduction to investing. Projects encourage students to apply course concepts to their own situation.

IV. Student Learning Outcomes

Upon completion of this course, a student will be able to:

• Explain financial literacy and how sound financial decisions can increase a person’s standard of living and wealth.
• Develop and evaluate a spending/savings plan.
• Demonstrate an understanding of the effects on consumer decisions.
• Summarize the rights and responsibilities of a consumer.
• Describe the nature of tax liabilities and demonstrate the ability to prepare personal income tax forms.
• Evaluate services provided by financial institutions to make decisions for personal banking needs.
• Plan for home ownership and identify the types of mortgages available.
• Evaluate Savings and investment options to meet short and long-term goals.
• Analyze factors that affect the choice of credit, the cost of credit, and the legal aspects of using credit.
• Analyze choices available to consumers for protection against risk, identity theft, and financial loss.

V. Topical Outline (Course Content)

VI. Delivery Methodologies