FI201 Personal Financial Management

for F1T 2007

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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


F1T 2007 DLA


Van Hoesen, Garrett


Senior Instructor of Finance/Adjunct Faculty


Bachelor of Science in Finance (BS) - Laverne University
Masters of Business Administrattion (MBA) - Golden Gate University

Office Location

Hershey, Pennsylvania

Office Hours

Online Monday, Wednesday, and Friday 8:00 PM EST through 9:30 PM EST and Sunday 8:00 PM EST through 9:30 PM EST

Daytime Phone


Other Phone

717-222-9006 (Cell)


Semester Dates

8/20/2007 to 10/14/2007

Class Days


Class Time


Credit Hours


The required text is Personal Finance 8th edition by Kapoor Dlabay and Hughes

Textbooks can be purchased through the MBS 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
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.

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:
Welcome to Personal Financial Management (FI201), on line! This course focuses on the diverse aspects of the complex financial marketplace. It is designed to produce students who can demonstrate the knowledge, skills, and abilities that are required to analyze and make informed personal financial decisions. Personal Financial Management focuses on helping you develop effective analytical tools for the financial environment. In the course, you will analyze, discuss, and calculate various methodolgies concerning the financial marketplace. You'll learn how to perform research that will assist you in using the extraordinary resources of the World Wide Web. We will cover such topics as: basic personal finances, buying strategies, insurance, investments (including stocks, bonds, mutual funds, and real estate), retirement planning (including understanding social security and medicare benefits).  We will explore topics, issues, or problems encountered in the world of finance through our online threaded discussions. These discussions are reinforced and expanded through readings in our text, Personal Finance, 8th Edition. Today's personal financial  environment is one of electronic and online banking, debit/credit card fraud and identity theft, online shopping, an expanding need for and cost of insurance coverage of many types, investment portfolio management, and retirement and estate planning.  This environment requires broad-based, individual understanding and individual participation in managing our personal finances.  Given the financial challenges that individuals are facing today, it has become essential that every individual develop a basic understanding of Personal Financial Management strategies and tools.

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. Understand the requirements for planning your personal finances
  2. Management, analysis, evaluation and control of your personal financial resources
  3. Understand and apply techniques of analysis and decision-making necessary for effective purchasing
  4. Understand and apply techniques necessary for the efficient insuring of personal financial resources
  5. Understand and apply techniques necessary for wise investing of personal financial resources
  6. Understand and apply techniques required for the proper planning of retirement
  7. Improve your overall ability to design, implement and evaluate an overall financial plan for personal resources and goal achievement
  8. Make responsible financial decisions that impact the global environment positively
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:


Each student is encouraged to complete the weekly reading assignments which will assist them in completing the homework assignments and exams. There will be assignments each week for the student to complete, consisting of on-line work or work to be turned into the instructor. Each student is responsible for:

  • Weekly homework assignments in multiple choice format - 30 or 40 points per week for 220 total points (22%)
  • Completion of a "Mid-Term Exam" - 100 points (10%)
  • Submission of current discussion topics from the "www" and participation in weekly discussions - 25 points per week for 200 total points (20%)
  • Completion of a term paper/financial planning project - 100 points (10%)
  • Attendance in the online classroom - 10 points per week for 80 total points (8%)
  • Final Exam - 300 points (30%)

Total = 1000 points (100%)


Grading Criteria/Scale

Final grades will be based on total point average falling within the percentages indicated below. You will be able to track your average and actual points through out the course by referring to the gradebook tab. You will know in advance the standards for each assignment. My goal is to give you prompt, clear, and useful feedback to assist you in becoming a more astute financial planner of your own financial resources as well as to earn a grade appropriate to the level of effort each student puts into this course.

A = 90-100% 900 to 1000 Points
B = 80-89% 800 to 899 Points
C = 70-79% 700 to 799 Points
D = 60-69% 600 to 699 Points
F = < 60% < 600 Points

Grading Policies

Quality of Written Work: Each student is responsible to submit professional assignments/papers which may be reduced in grade based on their quality and appearance. Up to a maximum of 10% of the points available for each assignment will be deducted from each paper grade for unprofessional written papers (extensive typos, over abundance of poor English, or excessively sloppy work).

The final exam for all School of Business and Management courses must be passed with a grade of 60% or higher in order to pass the course regardless of the overall average.  The grade for students who pass the proctored final will be based on the overall average of homework and tests taken during the course.  The final exam must address only material which the student has been taught in class.

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 Associate Dean.

Late Submission of Course Materials:
Submission of Assignments and Penalty for Late Submittals: Weekly assignments are due to me not-later-than 12:00 PM EST on each Sunday following the Monday of each week of the course.  For example, the week 1 (beginning Monday 8/20/2007) assignment is due not-later-than Sunday, 8/26/2007 at 12:00 PM EST.  Weekly assignments submitted late will be accepted but penalized 20% of the assignment value.  The Course/Financial Planning Project will not be accepted after Sunday, 10/14/2007 at 12:00 PM EST, and a grade of 0 will be recorded. This is based on the fact that I have limited time to grade this course projects and turn in final grades on time.

Classroom Rules of Conduct:

Emailing and Assignment Submittals

The following are my personal policies/guidelines for email and document assignment submittals whenever email is used in lieu of the dropbox. 

  • Please make sure to include the full Course Title (FI201-Personal Financial Management) in the subject line of your email.
  • When emailing attachments please try to include then as Microsoft Word (DOC), Adobe (PDF) or TXT files.  Whenever possible the use of PDF files is best as it ensures that the are no formating, etc. changes and these are usually smaller file sizes.
  • I will attempt to respond to all emails within a 24 to 48 hour timeframe usually duing my planned office (online) times on Monday, Wednesday, Friday and Sunday.  If it is critical that I respond sooner then include the word "critical" as the first word in the email subject.


An "I" indicates that the student was unable to complete coursework due to extenuating circumstances within the time allotted in the term.  The notation "I" may be issued only upon completion of a Contract for Incomplete signed by the instructor and student, and placed on file in the Office of the Registrar.  Additionally:

  • An Incomplete may not be issued to a student who has unexcused or excessive absences recorded for a course.
  • Instructors may grant an extension of no more than 60 days after the last day of the term in which the "I" was granted.  A student may submit a written request for one 30-day extension beyond the 60 days.
  • Failure on the part of the student to complete the work will result in a grade of "F".
  • Taking an "I" may suspend a student from receiving financial aid benefits.

Grade Appeals

Students may challenge the validity of a grade received and may petition for a change of that grade by submitting in writing, with all documentation attached, the justification for the appeal to the appropriate Online Academic Director.

  • The appeal process must be initiated within four weeks after the completion of the semester/term for which the grade appeal is based.
  • The final decision will be made within 45 days after the four week period commences (unless extenuating circumstances delay the decision) and the student will be notified in writing of the decision.
  • The Online Academic Director will convene an Academic Advisory Council to review each submitted appeal.
  • Students may appeal the Academic Advisory Council's decision to the Associate Dean of the School of Online Learning.

Grade Changes

In addition to grade changes that result from successful grade appeals, instructors may submit grade changes in the event of a clerical or administrative error, or to correct an error in their calculation or recording of a grade.  Additional University policies governing grade changes:

  • No grade changes shall be granted more than one calendar year from the original grade submission deadline. 
  • Any change of grade, prior to the deadline, must be initiated by the faculty member who assigned the grade, and all requests must be adequately documented.
  • Grade changes may not be granted for additional work performed or re-examination beyond the established course requirements.

The Final Proctored Examination

All Park University Online courses include a final examination or final project (in graduate courses) designed to provide students with an opportunity to demonstrate their mastery of course content.  Final examinations and projects are substantive and comprehensive, incorporating multiple modes of evaluation and assessing a range of understanding levels to provide a summative evaluation of students’ comprehension and application of the course content.  While instructors may not change the content of final examinations/final projects, course developers revise these instruments on a continual basis with instructor input.  Developers create new versions of final exams with randomized questions.  Students take their final examinations during Week 8 of the term under the supervision of an approved proctor.

Proctored Final Examination Policies

  • Examinations/projects must account for no less than 20% and no more than 30% of students' final grade.
  • Examinations must be administered during Week 8 of the term (or during Week 16 for some Online graduate courses).
  • Examinations are to be completed in a 2-hour testing session.
  • Multiple versions of the final examination must be used in each section (using randomization or question pooling)

Failure to Take a Final Examination

Failure to take a proctored final examination (or failure to submit a final project in some graduate courses) will result in an automatic “F” for the course.  As the final examination/project is a required course component, the grade of “F” must be recorded regardless of the student’s grade before the examination (or what the student’s grade would be if points from the final exam were deducted). 

Only extraordinary circumstances warrant a student’s being allowed to make up a missed final examination.  It is the student’s responsibility to contact the instructor before the scheduled exam/due date or by the end of the first working day after the due date.  In some cases, as with unexpected military deployments, a supervisor or other appropriate proxy may contact the instructor within the required timeframe.  It is the student’s responsibility to inform his/her military supervisor of the final examination policy. 

Arranging a Proctor

Proctored exams may be arranged at either a Park University Campus Center or at an alternative location.  Students within a 1-hour proximity to a Park University Campus Center are strongly encouraged to request a proctor from that Campus Center. However, alternative proctors/locations are acceptable, providing the proctor meets the School of Online Learning’s criteria for acceptable proctors (reviewed below).  Proctors must be able to supervise an exam in a suitable testing environment.

Students are responsible for arranging a proctor for their final exam by Friday of Week 6 of the term.  Many non-Park proctors will proctor an exam at no charge; however, if a fee is required it will be the responsibility of the student. Students will use the Park University Online Proctor Request form to request their proctor during the first two weeks of the term. A photo identification is required by a proctor before a student may begin the examination.  Instructors must approve all non-Park University proctors.

Student Grievances

A student may report alleged discrimination, harassment, unfair assessment or failure of educational access (including appropriate educational accommodations for students with documented disabilities) to his or her Online Academic Director.  The Online Academic Director will immediately initiate an investigation into the complaint, contacting all parties involved in order to determine a resolution. 

Students will not be penalized in any way for reporting or formally filing a grievance.  Online Academic Directors and other University personnel will use discretion when investigating reported grievances.  

Student Conduct

Online instructors may dismiss students from their classrooms whose behavior is detrimental to the learning experiences of other students.  Such behavior includes the use of abusive or obscene language.  Students who are dismissed from class may be given failing grades and suspended or expelled from the University.  The Student Conduct Code further specifies the behaviors that warrant dismissal from the classroom and, in some cases, the University, and also outlines the University's response to these behaviors. (Identified on pages 33-35 of University Catalog)  In addition, inappropriate student conduct in the Online Classroom may result in instructor deletion of abusive/obscene threads, blocking chat privileges, etc.

Course Topic/Dates/Assignments:





See Attached Course Schedule

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 2007-2008 Undergraduate Catalog Page 85-86

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 2007-2008 Undergraduate Catalog Page 85

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.
  3. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  4. 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".
  5. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  6. 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.
  7. 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.
ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

Park University 2007-2008 Undergraduate Catalog Page 87-88

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: .

Fall 1 Course Schedule


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Last Updated:7/28/2007 2:14:56 PM