FI201 Personal Financial Management

for SP 2009

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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


SP 2009 HO


Kao, Robert, Ph.D.


Visiting Assistant Professor of Finance

Office Location

Norrington 2B

Office Hours

Monday, 2:00-3:00 or by appointment

Daytime Phone



Class Days


Class Time

10:00 - 10:50 AM

Credit Hours



Kapoor, Dlabay & Hughes, Personal Finance 8/e, McGraw Hill

ISBN-10: 007322359X 
ISBN-13: 978-0073223599

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:
FI201 Personal Financial Management (GE): 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 purpose of any course is to develop, not just knowledge, but also analytical and critical thinking. To facilitate this purpose student are expected to interact to discussions and questions on course material. They also will be expected to actively participate in all phases of the learning experience. Questions are important to in class discussion, so as you are studying please take note of them so that you may ask them in class.

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.

Core Assessment:

The final exam for FI 201 will be the assessment tool used for this course. The exam will be comprehensive and the grade used to determine competency levels achieved by the students. The exam will be closed book and closed notes. The exam consists of multiple choice questions covering the chapter readings in the course and problems that examine the critical thinking, effective communication skills and technical skills of the student.   Partial credit will be given for the problems.

Class Assessment:
Grades will be based on written examinations and a personal financial plan.  There may or may not be quizzes and homework based on the participation of the class. Homework will be assigned from each chapter’s problems and will be discussed in the question/answer session. Students will not need to turn in the homework, but will be responsible for understanding each of the assigned problems.

Grades will be based on the following:

Exam: 4 @ 100 points each (14.3% each)

Paper: 1 @ 150 points (125 Pts. on content and 25 Pts. on mechanics) (21.4%)
Final Exam: 1 @ 150 points (21.4%)
Details of the written assignment will be discussed during the semester. 
At the end of the course, your accumulated points will be converted to grades based on the following scale:
90% - 100%    = A
80% - 89%      = B
70% - 79%      = C
60% - 69%      = D
Below 60%       = F

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. 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 Dean of the School of Business and Management.

Late Submission of Course Materials:
Late submission of material will not be accepted without prior arrangements being made with the instructor. No late assignments will be accepted after the regular semester ends.

Classroom Rules of Conduct:
Use of cell phones, pagers, iPOD, or other electronic device is strictly prohibited from class. Should a student be expecting some sort of emergency phone call (IE baby, child, parent illness) it is the student's responsibility to make the instructor away of the possibility of leaving the class to take a call. With exception to the above listed examples, all phones should be turned off prior to class beginning.

Course Topic/Dates/Assignments:




Monday, Jan. 12

Part I. Planning Personal Finances

Read Chap. 1

Wednesday, Jan. 14

Problems 2,4,6,7

Friday, Jan. 16

Read Chap. 2

Monday, Jan. 19

Holiday - Martin Luther King Day

Wednesday, Jan. 21

Problems 1,2,3,5

Friday, Jan. 23

Read Chap. 3

Monday, Jan. 26

Problems 2,4,5,7

Wednesday, Jan. 28

Read Chap. 4

Friday, Jan. 30

Problems 1,2,4,5

Monday, Feb. 2

Exam I (Ch. 1-4)

Wednesday, Feb. 4

Part 2. Managing Personal Finances

Read Chap. 5

Friday, Feb. 6

Problems 3,4,6,7,8

Monday, Feb. 9

Read Chap. 6

Wednesday, Feb. 11

Problems 1,2,3,5,8

Friday, Feb. 13

Read Chap. 7

Monday, Feb. 16

Holiday – President’s Day

Wednesday, Feb. 18

Part 3. Making Purchasing Decisions

Problems 1,2,5,6,7

Friday, Feb. 20

Read Chap. 8

Monday, Feb. 23

Problems 1,3,4,6,9

Wednesday, Feb. 25

Exam II (Ch. 5-8)

Friday, Feb. 27

Read Chap. 9

Monday, Mar. 2

Part 4. Insuring Resources

Problems 1,2,4,5

Wednesday, Mar. 4

Read Chap. 10

Friday, Mar. 6

Problems 1,3,4,5,6

Monday, Mar. 9

NO CLASS - Spring Recess

Wednesday, Mar. 11

NO CLASS - Spring Recess

Friday, Mar. 13

NO CLASS - Spring Recess

Monday, Mar. 16

Read Chap. 11

Wednesday, Mar. 18

Read Chap 11 Problems 1,2,3,5

Friday, Mar. 20

Read Chap. 12

Monday, Mar. 23

Problems 2,4,7,8

Wednesday, Mar. 25

Part 5. Investing Financial Resources

Exam III (Ch. 9-12)

Friday, Mar. 27

Read Chap. 13

Monday, Mar. 30

Problems 2,4,5,8

Wednesday, Apr. 1

Read Chap. 14

Friday, Apr. 3

Problems 1,2,4,6,9

Monday, Apr. 6

Read Chap. 15

Wednesday, Apr. 8

Problems 1,2,3

Friday, Apr. 10

Holiday – Good Friday

Monday, Apr. 13

Read Chap 16

Wednesday, Apr. 15

Problems 1,4,7,8

Friday, Apr. 17

Exam IV (Ch. 13-16)

Monday, Apr. 20

Read Chap 17
Personal Financial Plan Due

Wednesday, Apr. 22

Problems 1,4,5

Friday, Apr. 24

Part 6. Controlling Financial Future

Read Chap 18

Monday, Apr. 27

Problems 4,5,6

Wednesday, Apr. 29

Read Chap 19

Friday, May 1

Problems 1,4,5

Monday, May 6

Final Exam (comprehensive)


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 2008-2009 Undergraduate Catalog Page 87

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 2008-2009 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 "F".
  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 2008-2009 Undergraduate Catalog Page 89-90

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: .


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Last Updated:1/7/2009 12:02:18 AM