Course objective
To empower students to successfully make and carry out a plan for their financial future;
Provide knowledge about personal finance, financial markets and institutions;
To develop the critical-thinking and problem-solving skills necessary to respond to challenging situations in personal finance and students future careers;
To organize students’ thinking then examines the models as real-world scenarios in a personal finance from a practitioner’s perspective.

Grading policy
Lecture:  There will be case studies every week as a part of each lecture. Similar case studies will be a base for the exam.Classes:  Each Student is asked to prepare for the class using lecture as a base material. Classes will end with the test at the last meeting. Grade could be upgraded thanks to the Student performance during classes.

Table of contents

1. Overview of a Financial Plan
PART 1: TOOLS FOR FINANCIAL PLANNING

2. Planning with Personal Financial Statements

3. Applying Time Value Concepts

4. Using Tax Concepts for Planning
PART 2: MANAGING YOUR LIQUIDITY

5. Banking and Interest Rates

6. Managing Your Money

7. Assessing and Securing Your Credit

8. Managing Your Credit
PART 3: PERSONAL FINANCING

9. Personal Loans

10. Purchasing and Financing a Home
PART 4: PROTECTING YOUR WEALTH

11. Auto and Homeowner’s Insurance

12. Health and Disability Insurance

13. Life Insurance
PART 5: PERSONAL INVESTING

14. Investing Fundamentals

15. Investing in Stocks

16. Investing in Bonds

17. Investing in Mutual Funds

18. Asset Allocation
PART 6: RETIREMENT AND ESTATE PLANNING

19. Retirement Planning

20. Estate Planning
PART 7: SYNTHESIS OF FINANCIAL PLANNING

21. Integrating the Components of a Financial Plan

Recommended reading: 

• Personal Finance, 7th Edition Jeff Madura, Emeritus Professor of Finance; Florida Atlantic University ©2020 Pearson