BUSN 108 - Personal Finance

PREREQUISITES: Demonstrated competency through appropriate assessment or earning a grade of “C” or better in ENGL 083 - Reading Strategies for College and ENGL 093 - Introduction to College Writing, or ENGL 095 - Integrated Reading and Writing, or ENGL 075 - Co-Requisite Integrated Reading & Writing, and MATH 023 - Essentials of Algebra or higher.
COREQUISITES: Demonstrated competency through appropriate assessment or earning a grade of “C” or better in MATH 023 - Essentials of Algebra or higher.
PROGRAM: Business Administration
CREDIT HOURS MIN: 3
LECTURE HOURS MIN: 3
DATE OF LAST REVISION: Fall, 2013

Emphasizes management of individual financial resources for growth and maintenance of personal wealth. Covers home buying and mortgage financing, installment financing, life and health insurance, securities, commodities and other investment opportunities.

MAJOR COURSE LEARNING OBJECTIVES: Upon successful completion of this course the student will be expected to:

Establish financial goals for maximizing earnings, efficient consumption, life satisfaction, reaching financial security, wealth accumulation and estate planning.
Calculate the effect of income tax on personal finance.
Demonstrate methods of personal budgeting and managing credit.
Evaluate alternative methods of meeting housing and transportation needs.
Compare, evaluate and select equity and / or income producing investments including savings accounts, stocks, bonds, and mutual funds.
Demonstrate an understanding of retirement and estate planning.
Develop a comprehensive financial plan.

COURSE CONTENT: Topical areas of study include -

Setting financial goals
Retirement Planning
Setting career goals
Estate Planning
Budgeting
Diversification
Financial statements
Tax planning
Major purchases
Equity and income investment products
Financing options
Insurance products
Credit management
Personal risk management

Course Addendum - Syllabus (Click to expand)

Costs

Payments

BUSN 108 - Personal Finance