Course

Course Summary
Credit Type:
Course
ACE ID:
SOPH-0044
Organization's ID:
ECON1010
Organization:
Location:
Online
Length:
The course is self-paced, and many learners complete it in 4-8 weeks.
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Personal Finance
Description

Objective:

The course objective is to prepare students for success with their personal finances by providing a background on economic principles and the important elements of a financial plan. Students will learn how to manage their money, grow their money through investments, and protect their assets for a secure financial future. Students will practice their employability skills as they create, analyze, and communicate a financial plan and budget using the latest technology tools, designed for efficiency and productivity.

Learning Outcomes:

  • Articulate how economics impacts all aspects of life including jobs, income levels, consumer prices, and trade. Describe elements of a personal financial plan that considers economic drivers and includes financial goals, requirements, and resources necessary to obtain results. Evaluate the tools available for saving and borrowing money to reach your short-term and long-term financial goals. Identify effective ways to preserve the assets in your financial plan.

General Topics:

  • Defining Human Capital
  • Weighing Financial Risk
  • Setting Financial Goals
  • Compound Growth
  • Time Value of Money
  • Balance Sheets
  • Budgets
  • Computing with Spreadsheets
  • Types of Income
  • Understanding Taxes
  • Checking Accounts
  • Debit Cards, Prepaid Cards, and Electronic Transfers
  • Credit Reports, Credit Scores, and Credit Cards
  • Types of Loans
  • Renting and Buying a Home
  • Savings Accounts and Emergency Funds
  • Introduction to Stocks and Bonds
  • Mutual Funds
  • Investment Portfolios
  • Real Estate
  • Types of Insurance
  • Planning for Retirement
  • Individual Retirement Accounts
  • Property Ownership and Trusts
  • Wills, Living Wills, and Power of Attorney
  • Financial Advisors
  • Financial Fraud and Identity Theft
  • Protecting Your Investments
  • Your Financial Well-Being
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training
  • Lectures
  • Project-based Instruction

Methods of Assessment:

  • Examinations
  • Quizzes
  • Written Papers

Minimum Passing Score:

70%
Supplemental Materials

Other offerings from SOPHIA Learning, LLC

(SOPH-0006)
(SOPH-0029)