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.

Prerequisites:
Prerequisite: a math placement test score resulting in placement into MATH 100C or successful completion of MATH 100B with a grade of C or higher.

Credits: (5)

General Education Category: FYE3 - Quantitative Reasoning

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:
4/6/20

Anticipated Course Offering Terms and Locations: