Course

Course Summary
Credit Type:
Course
ACE ID:
YRUP-0017
Organization's ID:
FIN 101
Organization:
Location:
Classroom-based
Length:
17 weeks (23 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 2 Personal Finance
Description

Objective:

The course objective is to evaluate a personal financial statement and create a personal balance sheet; develop a data set that includes personal expenses and forecasted expenses for future weeks and create a personal monthly budget to track spending versus projections; interpret information from TransUnion and Experian credit reports; decipher information included in a credit card statement; compare the implications of having excellent, good, bad, limited, or no credit and the credit card options for each; take into consideration the financial situation of an individual when providing a recommendation for a car and payment plan; and participate in a debate discussing real estate investment, real estate bubble and crash, and the pros and cons for owning a home.

Learning Outcomes:

  • Practice fiscally responsible spending habits
  • Develop a budget
  • Explain the importance of credit and be able to build/rebuild their own credit
  • Develop a savings plan for the future.
  • Develop a plan for building/rebuilding personal credit
  • Explain the basics of investing and be able to differentiate between different types of retirement accounts
  • Compare and contrast different types of mutual funds

General Topics:

  • Wealth inequality
  • Personal money management
  • Goal setting and budgeting
  • Personal banking and personal loans
  • Credit reports, scores, and credit cards
  • Renting vs. buying
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Case Studies
  • Classroom Exercise
  • Computer Based Training
  • Discussion
  • Laboratory
  • Learner Presentations
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Case Studies
  • Examinations
  • Performance Rubrics (Checklists)
  • Presentations
  • Quizzes
  • Written Papers

Minimum Passing Score:

70%
Supplemental Materials