FIN 1002 Risk and Credit Management
This course is designed for students with diverse educational backgrounds and provides foundation instruction on the basics of real-world, personal financial topics. The emphasis is on practical application and decision-making. Besides personal budgeting, savings, time value of money, credit scores, consumer credit cards, and loans covered in this course, additional topics include income tax, insurance, buying a car, financing major purchases, fundamentals of investments, and healthcare costs. (2 lect.)
Major Topics
- Personal budgeting
- Savings
- Time Value of Money
- Credit Scores
- Consumer credit cards
- Consumer loans (and student loans, if applicable) and Interest Rates
- Introduction to income tax
- Insurance (car, life, home, property, rental)
- Buying a Car
- Financing Major Purchases
- Fundamentals of Investments
- Healthcare costs and their impact on the financial picture
Outcomes
In order to successfully complete this course, the student will:
1. Build a budget
2. Investigate savings alternatives
3. Read and interpret credit reports
4. Compare credit cards for interest rates and terms
5. Complete an application for consumer loans
6. Compare lending institutions for terms and service
7. Calculate interest using a financial calculator
8. Describe and analyze the impact of government intervention in the market system and how this intervention impacts diverse populations.
9. Compare insurance types and terms
10. Evaluate car purchase decisions
11. Determine sources of financing for major purchases
12. Define alternate investment options
13. Explain differing health care costs and payment options among the various socioeconomic groups
Other Information
Any information placed here must be adhered to by all instructors:
For textbook information, contact the instructor.