BAD301_SYLLABUS_FALL 20110

BAD301_SYLLABUS_FALL 20110 - PERSONAL FINANCE BAD 301 FALL...

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Unformatted text preview: PERSONAL FINANCE BAD 301 FALL 2011 3 CREDIT HOURS Instructor: Ana Rebeca Barzuna Email address: abarzuna@gardner-webb.edu Phone Number: 704-466-6414 COURSE INFORMATION COURSE DESCRIPTION Intended for business majors and non-majors who want to manage their personal finances better. This course covers personal budgeting and accounting, buying on credit, borrowing money, personal income tax returns, saving and wise investment, insurance, home ownership, and estate planning. REQUIRED MATERIALS Kapoor, J; Dlabay, L: Hughes, R. Personal Finance 10th Edition ISBN-10: 0-07-353069-7 ISBN-13: 978-0-07-353069-7 Publisher: McGraw-Hill/Irwin PREREQUISITES There are no prerequisites for this class. CLASS POLICIES AND REGULATIONS ACADEMIC HONESTY Students are expected to be familiar with university guidelines and standards for academic honesty. Make certain you are familiar with statements in the catalog related to academic dishonesty and plagiarism. Academic dishonesty will be prosecuted and may result in a failing grade for the course. ATTENDANCE REQUIREMENTS Online Attendance Requirements: The submission of assignments in accordance with the course schedule is "attendance" for purposes of the attendance policy. Timely submission of the assignments is critical to the student's success in this course. Any assignment deadline missed is the equivalent of an unexcused absence. A student must "attend" at least 75% of scheduled classes in order to receive credit for that class; thus, unless otherwise excused by the instructor, more than 5 weekly assignments not submitted by the due deadline will result in a grade of @F. STATEMENT ON DISABILITIES Students with recognized disabilities under the Americans with Disabilities Act (ADA) who wish to request accommodations in this class, should do the following: (1) register with the Noel Program for the Disabled at GWU (704-406-4270); and (2) educate me about your disability so that I can work with you and the Noel Program to arrange necessary accommodations. It is important that you take both of these steps no later than the first week of the semester. ADDITIONS, CORRECTIONS, AND CHANGES There may be additions, corrections, and changes to this syllabus. Any such adjustments or amendments will be announced by email to each student in the class and will become the syllabus upon such notice. COURSE GOALS AND TOPIC OUTLINE GOALS AND OBJECTIVES LO1: Calculate time value of money situations associated with personal financial decisions. LO2: Describe activities associated with career planning and advancement. LO3: Recognize relationships among financial documents and money management activities. LO4: Select appropriate tax strategies for different financial and personal situations. LO5: Analyze factors that affect the selection and use of financial services. LO6: Differentiate among the various types of credit. LO7: Determine the cost of credit by calculating interest using various interest formulas. LO8: Identify strategies for effective consumer buying. LO9: Analyze the costs and benefits associated with renting and purchasing a home. LO10: Analyze factors that influence the amount of coverage and policy types available to homeowners, renters and automobile related coverage. LO11: Analyze the benefits and limitations of the various types of health care coverage. LO12: Determine your life insurance needs. LO13: Explain how asset allocation and different investment alternatives affect your investment plan. LO14: Explain how you can evaluate stock investments. LO15: Evaluate bonds when making an investment. LO16: Describe how and why mutual funds are bought and sold. LO17: Assess advantages and disadvantages of real estate investments. LO18: Estimate your retirement spending needs. LO19: Appraise various types of trusts and estates. SUMMARY OF CPC TOPICS COVERED IN THIS COURSE Marketing CONTACT HOURS 0 Business Finance 18 Accounting 6 Management 3 Legal environment of Business 3 Economics 3 Business Ethics 3 Global Dimensions of Business 3 Information System 0 Quantitative Techniques/Statistics 3 Comprehensive or Integrating experience 3 Total (estimate of contact hours) 45 TOPIC OUTLINE Chapter 1: Personal Finance Basics and the Time Value of Money 1. Opportunity Costs and the Time Value of Money 2. Achieving Financial Goals Chapter 2: Financial Aspects of Career Planning 1. Financial and Legal Aspects of Employment 2. Long-Term Career Development Chapter 3: Money Management Strategy: Statements and Budgeting 1. The Personal Balance Sheet 2. The Cash Flow Statement Chapter 4: Planning your Tax Strategy 1. Determining your Federal Income Tax 2. Other Aspects of the Federal Income Tax Chapter 5: Financial Services: Saving Plans and Payment Accounts 1. Meeting Cash Needs 2. Evaluating Savings Plans Chapter 6: Introduction to Consumer Credit 1. Measuring your Credit Capacity 2. Avoiding and Correcting Credit Mistakes Chapter 7: Choosing a Source of Credit: The Cost of Credit Alternatives 1. Managing your Debts 2. The Cost of Credit Chapter 8: Consumer Purchasing Strategies and Legal Protection 1. Major Consumer Purchases 2. Legal Options for Consumers Chapter 9: The Housing Decision: Factors and Finances 1. Renting vs Buying Housing 2. The Finances of Home Buying Chapter 10: Property and Motor Vehicle Insurance 1. Home and Property Insurance 2. Automobile Insurance Coverage Chapter 11: Health, Disability and Long-Term Care Insurance 1. Types of Health Insurance Coverage 2. Disability Income Insurance Chapter 12: Life Insurance 1. Determining your Life Insurance Needs 2. Important Provisions in a Life Insurance Chapter 13: Investing Fundamentals 1. Factors Affecting the Choice of Investments 2. Asset Allocation and Investment Alternatives Chapter 14: Investing in Stocks 1. Numerical Measures that Influence Investment Decisions CONTACT HOURS 3 hours 1 hour 3 hours 3 hours 2 hours 1 hour 2 hours 2 hours 3 hours 2 hours 2 hours 2 hours 3 hours 3 hours 2. Buying and Selling Stocks Chapter 15: Investing in Bonds 1. Classifications of Various Types of Bonds 2. The Decision to Buy or Sell Bonds Chapter 16: Investing in Mutual Funds 1. Classifications of Mutual Funds 2. The Mechanics of a Mutual Fund Transaction Chapter 17: Investing in Real Estate and Other Investment Alternatives 1. Advantages and Disadvantages of Real Estate Investments 2. Investing in Precious Metals, Gems and Collectibles Chapter 18: Starting Early: Retirement Planning 1. Conducting a Financial Analysis 2. Planning your Retirement Income Chapter 19: Estate Planning 1. Types and Formats of Wills 2. Types of Trusts and Estates TOTAL 3 hours 3 hours 2 hours 3 hours 2 hours 45 hours COURSE CONTENT AND SCHEDULE Grading Information: For effects of the final grade of this class, we will be using the new grading systems. Explanation of numerical and GPA values corresponding to each letter grade follows: Letter GPA value Numerical Range Letter GPA value Numerical Range A+ 4.00 96%-100% C 2.00 70%-73% A 4.00 92%-95% *C- 1.67 68%-69% A- 3.67 89%-91% *D+ 1.33 65%-67% B+ 3.33 85%-88% *D 1.00 60%-64% B 3.00 81%-84% *D- 0.67 58%-59% B- 2.67 78%-80% *F 0.00 57%-less C+ 2.33 74%-77% * Not passing grade/Repeatable Final Grade Determination: • Quizzes: 40% (Total of 6 quizzes: lowest grade dropped, 5 x 8% each) • Assignments: 40% (Total of 8 assignments, 5% each) • Final Exam: 20% COURSE SCHEDULE Date Chapter Quiz Assignm. 8/17 – 8/28 Chapter 1: Personal Finance Basics and the Time Value of Money 8/29 – 9/4 Chapter 3: Money Management Strategy: Statements and Budgeting 9/5 – 9/11 Chapter 4: Planning your Tax Strategy 9/5 – 9/11 Chapter 5: Financial Services: Savings Plans and Payment Accounts 9/19 – 9/25 Chapter 7: Choosing a Source of Credit: The Costs of Credit Alternatives 9/26 – 10/2 Chapter 9: The Housing Decision: Factors and Finances 10/3 – 10/9 Chapter 10: Property and Motor Vehicle Insurance 10/10 – 10/16 10/17 – 10/23 10/24 – 10/30 10/31 – 11/6 11/7 – 11/13 11/14 – 11/20 11/21 – 11/27 11/28 – 12/4 12/5 – 12/10 12/11 – 12/17 Chapter 11: Health, Disability and Long-Term Care Insurance Chapter 12: Life Insurance Chapter 13: Investing Fundamentals Chapter 14: Investing in Stocks Chapter 15: Investing in Bonds Chapter 16: Investing in Mutual Funds THANKSGIVING Chapter 17: Investing in Real Estate and Other Investment Alternatives Chapter 18: Starting Early: Retirement Planning FINAL EXAM (Chapters 1, 3, 4, 13, 14, 15 and 16 ONLY) ...
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