Aug 10, 2020  
2019 - 2020 Undergraduate Catalog 
    
2019 - 2020 Undergraduate Catalog
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BA 320 - Personal Finance


Credits: 4 credits

This course offers students the tools to apply a variety of financial concepts in their daily lives.  Emphasis is on tax planning, house financing, money management, consumer credit, investment fundamentals, home and auto insurance, investments in stocks and mutual funds, estate planning, and consumer purchasing strategies.

Learning Outcomes
Upon completion of this course, the student will be able to do the following:

  1. Analyze the process for making personal financial decisions and  development of personal financial goals for all life stages;
  2. Describe activities related to career planning and advancement and its relationship to your financial plan;
  3. Develop a personal balance sheet and cash flow statement, and a budget;
  4. Develop skills needs to manage financial documents and money management activities;
  5. Calculate taxable income and amounts owed to US and State and prepare a tax return;
  6. Identify and analyze the factors used to evaluate financial institutions and savings plans;
  7. Define consumer credit, analyze major sources of consumer credit, and identify steps to avoid or correct credit mistakes and describe laws that protect you;
  8. Explain the home buying process, calculate the costs associated with home buying and ownership and evaluate housing alternatives – rent or buy?;
  9. Identify and analyze the factors the influence insurance decisions:  property, motor vehicle, life insurance, health insurance, disability, and long term care;
  10. Explain insurance coverage necessary to provide you with financial protection in all aspects of your life;
  11. Describe retirement saving and planning options to include: housing, social security, budgeting and employer retirement plans.




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