BUSN 2010 - Personal Money Management

Credit Hours: 3.00

Objectives:

1. Given an assignment(s), the learner will prepare personal financial statements, with a minimum proficiency of Level 3 on the discipline rubric.
2. Given an assignment(s), the learner will identify and explain various tax strategies for different financial and personal situations, with a minimum proficiency of Level 3 on the discipline rubric.
3. Given an assignment(s), the learner will explain the concept the of time value of money, with a minimum proficiency of Level 3 on the discipline rubric.

Outcome 2: Upon successful completion of BUSN-2010, the student will be able to explain the importance of money management in order to achieve short and long-term financial goals.

Objectives:

1. Given an assignment(s), the learner will prepare a financial budget, with a minimum proficiency of Level 3 on the discipline rubric.
2. Given an assignment(s), the learner will analyze the costs and benefits of financial services offered by different types of financial institutions, with a minimum proficiency of Level 3 on the discipline rubric.
3. Given an assignment(s), the learner will analyze the major sources of consumer credit and calculate the cost of credit using interest formulas, with a minimum proficiency of Level 3 on the discipline rubric.
4. Given an assignment(s), the learner will contrast the costs and benefits of renting or purchasing housing, with a minimum proficiency of Level 3 on the discipline rubric.

Outcome 3: Upon successful completion of BUSN-2010, the student will be able to explain income and asset protection strategies.

Objectives:

1. Given an assignment(s), the learner will define risk management and evaluate methods of managing risk, with a minimum proficiency of Level 3 on the discipline rubric.
2. Given an assignment(s), the learner will explain insurance coverage and the types of policies available for housing, automobiles, health and disability coverage, and life insurance, with a minimum proficiency of Level 3 on the discipline rubric.

Outcome 4: Upon successful completion of BUSN-2010, the student will be able to evaluate the various types of investment planning alternatives.

Objectives:

1. Given an assignment(s), the learner will identify the major types of investment options that are available to investors such as stocks, bonds, mutual funds, and real estate, with a minimum proficiency of Level 3 on the discipline rubric.
2. Given an assignment(s), the learner will explain the factors of safety, risk, income, growth, and liquidity options, with a minimum proficiency of Level 3 on the discipline rubric.

Outcome 5: Upon successful completion of BUSN-2010, the student will be able to evaluate retirement and estate planning alternatives.

Objectives:

Given a variety of assignment(s), the learner will:

1. Given a variety of assignment(s), the learner will determine future retirement spending needs, and planned retirement income, with a minimum proficiency of Level 3 on the discipline rubric.
2. Given a variety of assignment(s), the learner will assess estate planning through the use of trusts in order to reduce tax liabilities, with a minimum proficiency of Level 3 on the discipline rubric.

Outcome 6: Upon successful completion of BUSN-2010, the student will be able to work as a team member to develop a mutual fund portfolio that identifies short- and long- term investment options.

Objectives:

1. Given a variety of assignment(s) the learner will define the various aspects of mutual funds according to risk, type, and total return.
2. Given a variety of assignment(s) the learner will determine asset allocation and portfolio diversification strategies.
3. Given a variety of assignment(s) the learner will assess Morningstar reports, fund performance, and the evaluation of the fund manager/team
4. Given a variety of assignment(s) the learner will prepare a written report and present the results of their investment portfolios in a formal classroom presentation.

• Communication: The graduate can communicate effectively for the intended purpose and audience.
• Critical Thinking: The graduate can make informed decisions after analyzing information or evidence related to the issue.
• Global Literacy: The graduate can analyze human behavior or experiences through cultural, social, political, or economic perspectives.
• Information Literacy: The graduate can responsibly use information gathered from a variety of formats in order to complete a task.
• Quantitative Reasoning: The graduate can apply quantitative methods or evidence to solve problems or make judgments.
• Scientific Literacy: The graduate can produce or interpret scientific information presented in a variety of formats.

1. Basic Framework: Organizing and Managing Your Financial Resources
   1. Financial Planning
   2. The Time Value of Money
   3. Financial Statement and Budgets
   4. Taxes
2. Liquidity Management: Managing Current Assets and Current Liabilities
   1. Cash Management
   2. Short-Term Credit Management
3. Buying Now & Paying Later: Managing Long-term Liabilities
   1. Consumer Durables
   2. Housing
4. Investing For The Future: Growing Your Financial Resources
   1. Financial Markets and Institutions
   2. Investments Basics: Understanding Risk and Return
   3. Stock and Bonds
   4. Mutual Funds
5. Protecting Your Wealth: Insurance and Retirement Planning
   1. Property and Liability Insurance
   2. Health Care and Disability Insurance
   3. Life Insurance and Estate Planning
   4. Retirement Planning