FI201 Personal Financial Management

for F1Z 2012

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Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.


FI 201 Personal Financial Management


F1Z 2012 ML


Degel, Thomas M.


Senior Adjunct Instructor of Management/Finance


MBA, University of Montana, 1989
BBA, Gonzaga University, 1981

Daytime Phone


Other Phone



Semester Dates

August 20 - October 14, 2012

Class Days


Class Time

5:00 - 7:30 PM

Credit Hours



Kapoor, Dlabay & Hughes, Personal Finance, 10th Edition, McGraw-Hill, 2012.
ISBN-13 9780073530697 or MHID 0073530697

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
Parkonline eCompanion Website to access lecture/discussion notes, additional reading resources, and other related material.

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 : 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:
To provide an interactive learning environment focusing on critical thinking and the exchange of ideas; and to imbue the student with a framework for planning and managing finances through the use of lectures and class discussions supplemented by readings, cases, , current events, problem solving and examinations. The instructor's goal is to make this course one of the most practical and useful classes the student will take.

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:
Students will be assessed based upon their performance in class discussions, developing a Personal Financial Planner, a Mid-Term Exam and a Final Exam, weekly assignments and problem solving.  


Learning the material in this course is important and is the main criteria the instructor will use to assign final letter grades. Exams: The Mid-Term Exam will include material from Chapters 1-9. The Final Exam will be comprehensive, but will emphasize material from Chapters 10-19. Assignments and Cases: All assignments, cases, and presentations must be completed and turned in prior to the Final Exam. 

Final letter grades will be determined using the following measurements:










Personal Planner



ETS Exam












Final Grade:

Percent Range

Point Range



900-1000 pts



800-899 pts



700-799 pts



600-699 pts


Less than 60%

Less than 600 pts

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 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.

Late Submission of Course Materials:
Assignments submitted late will not be accepted without prior approval from the instructor.  Some assignments, such as weekly discussions and quizzes will not be accepted late under any conditions.  Any other assignment, such as a case study or report, will never be accepted more than one week late.  Any assignment accepted late will receive a percentage grading penalty equal to one full letter grade.

Military students departing on official orders should complete all assignments and tests prior to departure.  Any student having surgery, a severe illness, or experiencing an illness or bereavement of an immediate family member, should fax a doctor’s corroborating statement to the instructor.  The above statements will still apply, however, the instructor will use the written verification as documentation for approving late assignments and as justification for an “Incomplete,” should the student request such action.

Classroom Rules of Conduct:
Attend class and be on time. Be prepared for class.  Read and be prepared to discuss the assigned readings, cases, and problems. Participate in class discussions – this is a very important part of your education. Be prepared for examinations – assigned readings will not always be reviewed in-depth, but examinations will be from both assigned readings and class lectures and discussions. My strategy is to vary methods and assignments to maintain interest in the course and to spark creativity. Classes will consist of lectures on assigned readings, group/seminar discussions, group work and presentations, case studies, videos, and classroom presentations and discussions of current management problems or current domestic and global events.   

Course Topic/Dates/Assignments:

Week Actvities Pages
1 Ch 1, Personal Finance Basics 2-24
  Appendix: The Time Value of Money 30-39
  Ch 2, Financial Aspects of Career Planning 40-58
2 Ch 3, Money Management Strategy 75-99
  Ch 4, Planning Your Tax Strategy 103-131
3 Ch 5, Financial Services 136-160
  Ch 6, Introduction to Consumer Credit 167-199
  Ch 7, Choosing a Source of Credit 206-236
4 Ch 8, Consumer Purchasing Strategies 243-268
  Ch 9, The Housing Decision 273-300
  Mid-Term Exam (Ch 1-9)  
5 Ch 10, Property and Motor Vehicle Insurance 308-331
  Ch 11, Health, Disability, and Long-Term Care Insurance 338-370
  Ch 12, Life Insurance 376-403
6 Ch 13, Investing Fundamentals 411-440
  Ch 14, Investing in Stocks 445-478
7 Ch 15, Investing in Bonds 482-505
  Ch 16, Investing in Mutual Funds 512-540
  Ch 17, Investing in Real Estate and Other Alternatives 544-560
8 Ch 18, Retirement Planning 565-601
  Ch 19, Estate Planning 608-635
  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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty ( or Park University 2011-2012 Undergraduate Catalog Page 95-96

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. from Park University 2011-2012 Undergraduate Catalog Page 95

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 2011-2012 Undergraduate Catalog Page 98

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:7/9/2012 11:24:32 AM