FI201 Personal Financial Management

for U1J 2007

Printer Friendly

Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.


FI 201 Personal Financial Management


U1J 2007 IN


Elgin, Robert W.


Adjunct Faculty


BS- Management - William Jewell College
MBA - Central Missouri State University
Doctorial Student in Administration - Trinity Seminary

Office Location

Home - Independence

Office Hours


Daytime Phone


Other Phone

FAX 816-795-0251


Semester Dates

6/4/07 to 7/29/07

Class Days


Class Time

5:30 - 9:50 PM



Credit Hours


"Personal Finance", Eighth Edition, Kapoor, Dlabay, Hughes Richard D. Irwin, Inc., 2007 ISBN-13:978-0-07-310671-1

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information

Course Description:
A study of individual and family financial management concepts and techniques which assist persons to become informed consumers and efficient managers of personal resources. 3:0:3

Educational Philosophy:
The facilitator's philosophy is one of interactiveness based on lectures, readings, quizzes, dialogues, examinations, videos and term projects.  The facilitator will engage each learner in what is referred to as disputatious learning to encourage the lively exploration of ideas, issues and contradictions.  Hopefully the student will find an immediate application of the principles learned in the course.

Learning Outcomes:
  Core Learning Outcomes

  1. Manage household income.
  2. Manage household expenses.
  3. Develop a savings strategy.
  4. Describe the basic types of personal lines insurance.
  5. Develop an individual wealth creation plan.

  Instructor Learning Outcomes
  1. Discuss financial planning.
  2. Recognize the importance of career planning.
  3. Review financial record keeping and budgeting.
  4. Planning a tax strategy.
  5. Discuss banking services.
  6. IReview consumer credit.
  7. Consider consumer buying and transportation.
  8. Look at housing alternatives.
  9. Discuss the need and types of insurance.
  10. Consider various types of investment alternatives.
  11. Discuss the importance of early retirement and estate planning.
  12. Review other financial planning topics.
Core Assessment:

Class Assessment:
The primary method of instruction will be lecture, case study and classroom discussion.  To sucessfully complete this course, it is recommended that you attend all classes, take all examinations on time, keep up with the reading assignments, homework assignments and be prepared to participate in class discussion.

There will be a mid-term and final examination each valued at 200 points and a term project valued at 100 points.  Quizzes, announced or unannounced, and/or additional projects may constitute additional grade points.  Student participation in class discussion will be considered in the grading process.

All final exams will be comprehensive and will be closed book and closed notes.  If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth.  Electronic Computers will not be allowed on final exams unless an exception is made by the Associate Dean.

Late Submission of Course Materials:
Make-up quizzes will not be permitted.  Make-up examinations are discouraged and will not be permitted unless there are unusual circumstances and arrangements were made prior to the examination date.  Make-up examinations are generally more difficult and may be in a different format than the original examination.  If the examination is identical to the original examination, the grade that you receive will be reduced by 20%  The total grade for the term will be awarded based on the following scale where the percentage represents the amount earned of the total possible points.           
                                                               90% to 100%     A           
                                                               80% to 89%       B           
                                                               70% to 79%       C           
                                                               60% to 69%       D           
                                                               Below 60%         F

Classroom Rules of Conduct:
We expect students to act like adults, respect the rights of others and generally act like they would in a work environment.

Course Topic/Dates/Assignments:

6/5/07 Introduction and Chapters 1 & 2 Personal finance basics, the time value of money and the financial aspects of career planning.
6/12/07 Chapters 3 & 4 Money management strategy: financial statements, budgeting and planning your tax strategy. 6/19/07 Chapters 5, 6 & 7 Financial services: savings plans, payment accounts, introduction to consumer credit, choosing a source of credit: the costs of credit alternatives.
6/26/07 Chapters 8, 9 & 10  Consumer purchasing strategies, consumer protection, the housing decision: factors and finances, property and motor vehicle insurance. Mid-Term Examination.
7/3/07 Chapters 11 & 12 Health, diability, long-term care and life insurance.
7/10/07 Chapters 13, 14, & 15 Investing fundamentals, Investing in stocks & bonds
7/17/07 Chapters 16, 17 & 18 Investing in mutual funds, real estate and other investment opportunities, retirement planning.
7/24/07 Chapter 19 Estate planning. Final Examination & Term Project due.

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2006-2007 Undergraduate Catalog Page 87-89
We have a "NO TOLERANCE POLICY" for academic dishonesty.

Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2006-2007 Undergraduate Catalog Page 87

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "W".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2006-2007 Undergraduate Catalog Page 89-90
Since this is an eight week course, attendance is critical for sucessful completion of this course.  For each unexcused absence in excess of two your letter grade will be reduced one level.  An excused absence is one that is approved in advance.

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: .


This material is copyright and can not be reused without author permission.

Last Updated:4/21/2007 6:26:55 PM