Unformatted text preview: PERSONAL FINANCE
3 CREDIT HOURS
Instructor: Ana Rebeca Barzuna
Email address: [email protected]
Phone Number: 704-466-6414 COURSE INFORMATION
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
Kapoor, J; Dlabay, L: Hughes, R. Personal Finance 10th Edition
Publisher: McGraw-Hill/Irwin PREREQUISITES
There are no prerequisites for this class. CLASS POLICIES AND REGULATIONS
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.
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
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
Chapter 12: Life Insurance
Chapter 13: Investing Fundamentals Chapter 14: Investing in Stocks
Chapter 15: Investing in Bonds Chapter 16: Investing in Mutual Funds
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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