ECON 110 Personal Finance

This course provides an introduction to consumer economic topics and principles and the ways in which they influence personal decision making. Students will learn how to analyze the financial situations they will face and make informed choices relating to cash flow and debt management, asset acquisition, risk management, retirement planning and investing. As a final project, each student will develop a personal plan of action, addressing their own financial goals.

Credits

3

Offered

Fall

Outcomes

1. Explain financial literacy and how sound financial decisions can increase a person's standard of living and wealth
2. Develop and evaluate a personal budget plan
3. Analyze factors that affect the choice of credit, the cost of credit, and the legal aspects of using credit
4. Describe the nature of tax liabilities and demonstrate the ability to prepare personal income tax forms
5. Evaluate savings and investment options to meet short and long-term goals
6. Identify insurance needs and evaluate coverages