Discipline: Business Degree Credit  [X]
Non Credit  [ ]
Nondegree Credit  [ ]
Comm Service  [ ]
 

Riverside Community College District
Integrated Course Outline of Record

Business 53


COURSE DESCRIPTION
53 Intro to Personal Finance Units: 3.00
 
Prerequisite: None.
 
An introduction to personal finance focusing on mastering the key concepts involved in attaining personal wealth. Personal finance focuses on the concepts, decision-making tools, and applications of financial planning. A financial plan will be utilized to guide decisions today and in years to come. Additional emphasis will be placed on interpreting financial information obtained online, the theory and practice regarding income tax law, health insurance provisions, retirement programs, and personal investing. 54 hours lecture.
 
SHORT DESCRIPTION FOR CLASS SCHEDULE
An introduction to the theory and practice of personal finance focused on the concepts, decision-making tools, and applications of financial planning.
 
ADVISORY ENTRY SKILLS
None.

STUDENT LEARNING OUTCOMES
 Upon successful completion of the course, students should be able to:

1.   Anaylze the key business elements in personal finance.

2.   Identify and describe personal finance technologies and their
      utilization with an emphasis on the Internet, financial calculators,
      research, transactions, and applications.

3.   Evaluate the various components of a financial plan: Budgeting
      and tax planning; managing liquidity; financing large purchases;
      credit card debt management; money management; insurance
      planning; retirement planning; estate planning; risk; investing;
      and protecting wealth.

4.   Examine other finance issues particularly in the areas of
      international, legal, and ethics.

5.   Design and build a personal financial plan.
 
COURSE CONTENT
  TOPICS
 
  1.  Tools for Financial Planning
    1.  Planning with Personal Financial Statement
    2.  Applying Time Value Concepts
    3.  Using Tax Concepts for Planning
  2.  Managing Your Liquidity
    1.  Banking and Interest Rates
    2.  Managing your Money
    3.  Managing Credit
  3.  Personal Financing
    1.  The Basics
    2.  Return and Risk
    3.  How to Purchase Stocks
    4.  Investing in Bonds
    5. Investing in Mutual Funds
    6. Asset Allocation
  4.  Protecting your Wealth
    1.  Auto, Homeowner’s, and Health Insurance
    2.  Life Insurance
    3.  Retirement Planning
    4.  Estate Planning
  5. Synthesis of Financial Planning
    1.  Integrating the Components of a Financial Plan
 
METHODS OF INSTRUCTION
 Methods of instruction used to achieve student learning outcomes may include, but are not limited to:

  • Class Lecture/discussion/demonstration
  • Videos/films/slides/audio tapes
  • Pair and small group activities/discussion
  • Class exercises
  • Reports and papers
  • Handouts
  • Cooperative learning tasks
  • Individual conferences
  • Guest lecturers
  • Distance Education: Online, Hybrid, and Web Enhanced
 
METHODS OF EVALUATION
 Students will be evaluated for progress in and/or mastery of learning outcomes by methods of evaluation which may include, but are not limited to:

  • Oral reports/presentations/performance
  • Written reports/presentations
  • Quizzes/examinations
  • Computer Simulation programs
  • Written assignments
  • Class and individual projects
  • Final examination
ASSIGNMENTS

Required Reading Assignments


Required Writing Assignments


Other Outside-of-Class Assignments
 
COURSE MATERIALS
 All materials used in this course will be periodically reviewed to ensure that they are appropriate for college level instruction. Possible texts include:

  • Madura, Jeff. Personal Finance. 2nd ed. Addison Wesley, 0.
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