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Mar 28, 2024
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FIN 174 - Personal Finance Description: This course addresses the broad spectrum of financial issues encountered by individuals throughout their lives. Topics include but are not limited to: Preparing a personal budget, money management, investments, retirement planning, educational planning and insurance. Course will be offered every year (Fall, Winter, Spring, Summer). Basic Skills 4 - Math.
Prerequisites: Prerequisites: either at least 500 on the SAT, 19 on the ACT, a Compass test score of either 50-Pre-Algebra, a 26-Algebra, 31-College Algebra, or 31-Trigonometry, or an Accuplacer score in Elementary Algebra of 60+ or Arithmetic of 100+, or completed MATH 100B or a higher level math class.
Credits: (5)
Learner Outcomes: Upon successful completion of this course, the student will be able to:
- Recognize the importance of analyzing everyday purchases and determine whether “on sale” goods or services are truly the best buy based on a comparison of the per unit cost or percent savings of similar goods and services.
- Explain how to analyze, interpret and make decisions based on interest rate calculations, cost of credit calculations, investment fund options, insurance variables, budget analysis, savings, debt and financial goals.
- Calculate percentages, fractions and ratios to analyze relationship between one’s income, expenses, assets, and liabilities.
- Assemble basic statistical summaries, including mean, median, mode and range when analyzing various personal finance situations.
- Explain the hidden costs of credit by interpreting the fine print on purchase agreements, or in credit card offers.
- Evaluate investments options such making monthly investments versus one time investments, differing rates of return and time horizon affect the outcome of saving.
Learner Outcomes Approval Date: 11/16/2017
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