Course Description: Analyze the process for making personal financial decisions; develop personal financial goals in view of an individual's background and emotions related to money, debt, spending habits, risk taking etc.; assess economic factors that influence financial planning.
Section Description: It has been said that Economics is about “the allocation of scarce resources”. This is also a good definition of Personal Finance. None of us have enough resources to meet all of our needs, and all of our wants. This course is about how to accumulate financial assets, how to budget what you have, how to invest (and spend) your nest egg, figuring out how and when to borrow, and how to deal with the unexpected events in life (insurance). Listed below are some of the major topics we will cover. We will use two texts: the first, a survey of personal finance, Focus on Personal Finance (fifth edition) Kapoor / Dlabay / Hughes & Hart (McGraw Hill Education, 2016). The second text is the single best book on investing and Wall Street for the lay person (quite a claim!), Random Walk Down Wall Street by Burton Malkiel (WW Norton, 2015). The book, first published in 1973 and updated numerous times since, is an excellent work on why stocks and bonds go up and down, and a practical guide to investing for the individual.
|MW||17:05 - 18:20||DEWEY HALL 314|
Instructor(s): Eric H. Hanson
Meeting Dates: 28 Aug 2017 - 08 Dec 2017