University of Vermont

UVM Course Directory

BSAD 009 – Personal Finance & Investing

Credits: 3.00

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 the “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), how and when to borrow, and how to deal with the unexpected events in life (insurance and estate planning). Major Topics to be covered in the course: • Money: Where it comes from, what it is worth, how to allocate what you have. • Compound Interest: Albert Einstein called this “the most powerful force in the universe”. • Your Best Investment? : Your skills, your talent… and your health. • Salary is One Thing But Your Paycheck is Another: How taxes affect everything. • Budgeting and Spending: It’s really easy….. until you try to do it. • Saving: How to save, when to save, why saving is so important. • Borrowing: The how’s of credit, home mortgages, credit cards, auto purchases, college costs and more. • Planning For the Unexpected. The Role of Insurance: Life, health, disability, auto and – eventually - Medicare and Medicaid. • Investing in Stocks and Bonds: The how’s and why’s of Wall Street. What forces push stocks and bonds up and what forces push them down. How to harness the market’s return. • The Mechanics of Investing: How to invest efficiently and inexpensively. • Behavioral Finance: “We have met the enemy and he is us”: We are sometimes rational and we are sometimes very irrational. • Estate Planning: Yes, we are going to talk about death. Wills, advance directives, legal powers of attorney. Not fun but we have not yet figured out how to live forever.

CRN: 92800

Section: A

Enrolled/Seats: 61/65

Days Time Location
MW 17:05 - 18:20 DEWEY HALL 314

Instructor(s): Eric H. Hanson

Meeting Dates: 26 Aug 2019 - 06 Dec 2019