BA 153 - Personal Finance

Description
This course reviews the exciting and challenging areas of personal financial planning. Units of study include basic concepts for economic decision making, earning power, protection of income, spending patterns, saving and investment options, housing options and expenses, stocks and bonds, borrowing and financing, financial planning techniques, wills, estate planning, trusts, and retirement income possibilities.

Credit Hours: 3
Contact Hours: 3

School: School of Business & Industry
Department: Business
Discipline: BA

Major Course Revisions: N/A
Last Revision Date Effective: 20240208T17:16:25
Course Review & Revision Year: 2028-2029

Course Type:
Program Requirement- Offering designed to meet the learning needs of students in a specific GRCC program.
Course Format:
Lecture - 1:1

General Education Requirement: None
General Education Learner Outcomes (GELO):
NA

Course Learning Outcomes:

Illustrate financial plan strategies.
Explain investment purchase options.
Create a simple financial plan.
Identify basic insurance requirements.
Illustrate basic retirement and estate planning options.
Identify issues related to home ownership.
Identify the best solution to a problem or issue.
Use high-quality, credible, relevant sources to support writing.

Approved for Online Delivery?: Yes

Course Outline:
I. Planning your Personal Finances

A. Finance basics and the time value of money

B. Financial aspects of career planning

C. Money management strategy, statements, and budgeting

D. Tax strategy

II. Managing Personal Finances

A. Savings plans and payment accounts

B. Consumer credit

C. Credit sources and alternative options

III. Purchasing Decisions

A. Consumer strategies and legal protection

B. Housing factors and finances

IV. Insuring your Resources

A. Property and motor vehicle

B. Health, disability, and long term

C. Life insurance

V. Investing your Financial Resources

A. Fundamentals

B. Stocks

C. Bonds

D. Mutual funds

E. Real estate and other investment alternatives

VI. Controlling your Financial Future

A. Retirement planning

B. Estate planning

Mandatory CLO Competency Assessment Measures:
None

Name of Industry Recognize Credentials: NA

Instructional Strategies:
Lecture/Case studies: 20-60%

Financial problems based on skills outlined from the text: 20-60%

Facilitate class discussion: 10-50%

Mandatory Course Components:
None

Academic Program Prerequisite: None
Prerequisites/Other Requirements: None
English Prerequisite(s): None
Math Prerequisite(s): None
Course Corerequisite(s): None
Course-Specific Placement Test: None
Course Aligned with IRW: N/A
Consent to Enroll in Course: No Department Consent Required

Total Lecture Hours Per Week: 3
Faculty Credential Requirements:
Master’s Degree (GRCC general requirement), Professionally qualified through work experience in field (Perkins Act or Other) (list below)
Faculty Credential Requirement Details: Master’s Degree in business related field, with experience in financial planning.

Maximum Course Enrollment: 28
Equivalent Courses: None
Dual Enrollment Allowed?: Yes
Advanced Placement (AP) Exam Credit Accepted: None
AP Min. Score: NA
Number of Times Course can be taken for credit: 1
First Term Valid: Fall 2019 (8/1/2019)
Programs Where This Courses is a Requirement:
None
1st Catalog Year: 2019-2020
People Soft Course ID Number: 100016
Course CIP Code: 52.9999

High School Articulation Agreements exist?: No
If yes, with which high schools?: N/A
Non-Credit GRCC Agreement exist?: No
If yes, with which Departments?: NA
Corporate Articulation Agreement exist?: No
If yes, with which Companies?: NA