FIN 250 - Personal Finance

Units: 3 ; Breadth Area: GE-2
The application of quantitative tools to foster computational skills for personal finance decision-making.

Breadth Area(s) Satisfied: GE-2 - Mathematical Concepts and Quantitative Reasoning
Co-requisites: FIN 250A required for students in Category III and IV.
Possible Instructional Methods: On-ground, or Hybrid, or Online-Asynchronous, or Online-Synchronous.
Grading: ABC/NC grading only.
Course Typically Offered: Fall & Spring

Student Learning Outcomes - Upon successful completion of this course students will be able to:

Apply time value of money to make financial decisions to develop and achieve financial goals.
Collect financial statements and use that data to develop a spending model that results in a personal budget.
Apply quantitative skills to compute federal tax due or refund.
Apply quantitative skills and interest rates to generate case scenarios for investment decisions, such as whether to buy or rent housing and securities (bonds, stocks, and mutual funds).
Reconcile bank statement to checkbook.
Apply quantitative skills to compute the cost of credit.
Understanding the intersection of risk and insurance (home, auto, life, and health insurance).
Conduct analysis on early retirement planning rationale.

GE-2. Mathematical Concepts and Quantitative Reasoning Learning Outcomes

Demonstrate a proficient and fluent ability to reason quantitatively.
Demonstrate a general understanding of how practitioners and scholars collect and analyze data, build mathematical models, and/or solve quantitative problems.
Apply quantitative reasoning skills in a variety of real-world contexts, defined by personal, civic, and/or professional responsibilities.