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
Prerequisites/Other Requirements: None
English Prerequisite(s): None
Math Prerequisite(s): None
Course Corequisite(s): None
Academic Program Prerequisite: None
Consent to Enroll in Course: No Department Consent Required
Dual Enrollment Allowed?: Yes
Number of Times Course can be taken for credit: 1
Programs Where This Course is a Requirement:
None

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.

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

Approved for Online and Hybrid Delivery?:
Yes
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
Equivalent Courses:
None

Accepted GRCC Advanced Placement (AP) Exam Credit: None
AP Min. Score: NA
Name of Industry Recognize Credentials: NA

Course prepares students to seek the following external certification:
No
Course-Specific Placement Test: None
Course Aligned with ARW/IRW Pairing: N/A

Mandatory Department Assessment Measures:
None

Course Type:
Program Requirement- Offering designed to meet the learning needs of students in a specific GRCC program.
Course Format:
Lecture - 1:1
Total Lecture Hours Per Week: 3
People Soft Course ID Number: 100016
Course CIP Code: 52.9999
Maximum Course Enrollment: 28
High School Articulation Agreements exist?: No
If yes, with which high schools?: N/A
Non-Credit GRCC Articulation Agreement With What Area: No
Identify the Non Credit Programs this Course is Accepted: NA

School: School of Business & Industry
Department: Business
Discipline: BA
First Term Valid: Fall 2019 (8/1/2019)
1st Catalog Year: 2019-2020
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.

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