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FI 201 Personal Financial Management
Trevino, Troy


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.

Course

FI 201 Personal Financial Management

Semester

S1T 2008 DLB

Faculty

Trevino, Troy

Title

Adjunct Faculty Professor

Degrees/Certificates

Graduate Degree, MBA              Master of Business Administration
Undergraduate Degree, BS        Management

Office Hours

No Time Restrictions

Daytime Phone

011-81-611-733-6855

Other Phone

Fax Number:  011-81-611-733-6855

E-Mail

troy.trevino@pirate.park.edu

ttrevino@oasis.mediatti.net

Semester Dates

01/14/08 - 03/09/08

Class Days

TBA

Class Time

TBA

Credit Hours

3


Textbook:

Personal Finance by Kapoor Dlabay and Hughes.  8th E  Irwin McGraw Hill.

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

Helpful websites will be posted in “Course Announcements” introductory thread. 

Also, the Wall Street Journal may be found at most libraries or subscribed to as a student for a nominal amount.

 

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 helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
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 helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org 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:

As a Park University online instructor it is my goal to uphold the educational practices outlined in the Park University School of Online Learning Principles and Standards instructional manual.  I will, “provide access to academic excellence, which will prepare learners to think critically, communicate effectively, and engage in lifelong learning while serving a global community.”  This will be accomplished by enhancing the instructional strategies presented in the online classroom and providing best practices to promote online learning and teaching.  Furthermore, I plan to facilitate student to student and student to instructor interaction, while assessing the learner and honing my abilities to impart knowledge and skill to my students around the world.

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:

Assignments

% of
Grade

Week Due

Class Participation/Discussion Post

45 pts or 7.5%

End of Each Week

Journal Review

60 pts or 10%

End of Week 1,2,3,5,6,7

Multiple Choice Questions

45 pts or 7.5%

End of Week 2,3,4

Mid-Term Examination

150 pts or 25%

Week 5

Paper or Project

150 pts or 25%

Week 7

Proctored Final Examination

150 pts or 25%

Week 8

 

Total 100%

 

Grading:

A = 90- 100% (or 540 points or higher)
B = 80-89% (or 480 to 539 points)
C = 70-79% (or 420 to 479 points)
D = 60-69% (or 360 to 419 points)
F = < 60% (359 or fewer points) 

Total possible points:  600

 

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:
When an assignment is due at 12:00, 12:01 is late.  Generally, late work will receive a 70 for the first day, 50 for the second day late, and 0 after that.  Extensions are available for extenuating circumstances (If you are hospitalized or are deploying to Iraq and will not be near a computer for the entire week). 

Classroom Rules of Conduct:

Please be professional in your dealings with other students.  An email warning will be sent to the student if conduct is inappropriate. If further instances occur, then the student will be referred to a Site Coordinator or other Academic Coordinator.

Students should keep copies of all coursework submitted as an electronic file (E-mail) until the end of the term.

Students will normally submit assignments and papers as RTF (Rich Text Format) or Word documents via the dropbox as attachments. WordPerfect files cannot be accepted as attachments unless saved as RTF. Of course, students can copy assignments from word processing and paste them into e-mail if the dropbox is not working properly.

Any information I provide in this class is for educational use only and is not intended to be financial advice.  Also, you should not rely on anything you read on the Internet (including anything from this class) as a substitute for sound financial advice.  You should seek professional financial advise when you have financial problems.

Course Topic/Dates/Assignments:

Week 1: Planning Your Personal Finances

Reading: Study Chapters 1, 2, 3 and 4 in your text.

Areas of Study: Personal Finance Basics and the Time Value of Money; Financial Aspects of Career Planning; Money Management Strategy: Financial Statements and Budgeting; Planning Your Tax Strategy.

Class Activities: Review Lecture (Time Value of Money) under Week 1; Answer discussion question in Discussion Thread; Submit Journal Review short summary of an article, event, or topic that may be relevant to the week’s area of study; Post attendance.

Home Work Assignment: Time Value of Money (Due at the end of Week 2)

Locate a Proctor for your Proctored Final Examination. Each student will take the Proctored Final Examination from an approved proctor who will send the exam back to the instructor via e-mail or fax.

.

Week 2:  Managing Your Personal Finances

Reading: Study Chapters 5, 6, and 7.

Areas of Study: Financial Services: Savings Plans and Payment Accounts; Introduction to Consumer Credit; Choosing a Source of Credit: Cost of Credit Alternatives.

Class Activities: Review Lecture (Credit Industry) under Week 2; Answer discussion question in Discussion Thread; Submit Journal Review short summary of an article, event, or topic that may be relevant to the week’s area of study; Post attendance.

Home Work Assignment: Time Value of Money (Due at the end of Week 2)

Home Work Assignment: Multiple Choice Questions Part 1 (Due at the end of Week 3)

Locate a Proctor for your Proctored Final Examination.


Week 3: Making Your Purchasing Decisions

Reading: Study Chapters 8 and 9.

Areas of Study: Consumer Purchasing Strategies and Legal Protection; The Housing Decision: Factors and Finances.

Class Activities: Review Lecture (Purchasing Strategies and Legal Obligations ) under Week 3; Answer discussion question in Discussion Thread; Submit Journal Review short summary of an article, event, or topic that may be relevant to the week’s area of study; Post attendance.

Home Work Assignment: Multiple Choice Questions Part 1 (Due at the end of Week 3)

Home Work Assignment: Multiple Choice Questions Part 2 (Due at the end of Week 4)


Week 4: Mid-Term Examination

Reading: Study Chapters – Mid-Term Review

Areas of Study: Review: Personal Finance Basics and the Time Value of Money; Financial Aspects of Career Planning; Money Management Strategy: Financial Statements and Budgeting; Planning Your Tax Strategy; Financial Services: Savings Plans and Payment Accounts; Introduction to Consumer Credit; Choosing a Source of Credit: Cost of Credit Alternatives; Consumer Purchasing Strategies and Legal Protection; The Housing Decision: Factors and Finances.

Class Activities: Review Lecture (Mid-Term Preparations) under Week 4; Answer discussion question in Discussion Thread; Post attendance…No Journal Review Required

Home Work Assignment: Multiple Choice Questions Part 2 (Due at the end of Week 4)

Project Outline: Submit ½ to 1 page typed; double spaced outline identifying brief summary of the term paper or financial project to be submitted (Due at the end of Week 4);

Note: The actual term paper or financial plan due at the end of Week 7

Mid-Term exam will be this week (Due at the end of Week 5)


Week 5: Insuring Your Resources

Reading: Study Chapters 10, 11, and 12.

Areas of Study: Property and Motor Vehicle Insurance; Health, Disability, and Long-Term Care Insurance; Life Insurance.

Class Activities: Review Lecture (Areas of Insurance) under Week 5; Answer discussion question in Discussion Thread; Submit Journal Review short summary of an article, event, or topic that may be relevant to the week’s area of study; Post attendance.

Mid-Term exam will be completed this week (Due at the end of Week 5)

NOTE: Complete your Mid-Term and submit it to the Dropbox by clicking on the Dropbox tab at the top of the course frame. If needed, click on the Help button above for more information on Course Tools/Using the Dropbox.


Week 6: Investing Your Financial Resources

Reading: Study Chapters 13, 14, 15, 16 and 17.

Areas of Study: Investing Fundamentals; Investing in Stocks; Investing in Bonds; Investing in Mutual Funds; Investing in Real Estate and Other Investment Alternatives.

Class Activities: Review Lecture (Basic Investing) under Week 6; Answer discussion question in Discussion Thread; Submit Journal Review short summary of an article, event, or topic that may be relevant to the week’s area of study; Post attendance.

Submission of Proctor Request Form (Due at end of Week 6)


Week 7: Controlling Your Financial Future

Reading: Chapters 18 and 19.

Areas of Study: Starting Early: Retirement Planning; Estate Planning.

Class Activities: Review Lecture (Retirement Planning) under Week 7; Answer discussion question in Discussion Thread; Submit Journal Review short summary of an article, event, or topic that may be relevant to the week’s area of study; Post attendance.

Term – Paper or Financial Plan (Due at the end of Week 7).

NOTE: Complete your activity and submit it to the Dropbox by clicking on the Dropbox tab at the top of the course frame. If needed, click on the Help button above for more information on Course Tools/Using the Dropbox.


Week 8: Review and Proctored Final Examination

Reading: Study Chapters – Final –Exam Review

Areas of Study: Review: Personal Finance Basics and the Time Value of Money; Financial Aspects of Career Planning; Money Management Strategy: Financial Statements and Budgeting; Planning Your Tax Strategy; Financial Services: Savings Plans and Payment Accounts; Introduction to Consumer Credit; Choosing a Source of Credit: Cost of Credit Alternatives; Consumer Purchasing Strategies and Legal Protection; The Housing Decision: Factors and Finances; Property and Motor Vehicle Insurance; Health, Disability, and Long-Term Care Insurance; Life Insurance; Investing Fundamentals; Investing in Stocks; Investing in Bonds; Investing in Mutual Funds; Investing in Real Estate and Other Investment Alternatives; Starting Early: Retirement Planning; Estate Planning

Class Activities: Post and answer Discussion Thread (No Peer Review Required); Post attendance…(No Journal Review Required); Complete Open Book - 40 question multiple choice Examination; time allotted 2 hr.

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:
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: http://www.park.edu/disability .

Copyright:

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

Last Updated:12/12/2007 7:47:47 PM