MGT 12: Personal Financial Management

[Pages:5]MGT 12: Personal Financial Management

Undergraduate, Winter 2014 Tuesday and Thursday 11AM-12:20PM Location : Wells Fargo Hall 1N108

PROFESSOR : Joe Pecore EMAIL : jpecore@ucsd.edu PHONE : 858-534-1619 OFFICE : Otterson Hall 2E119 OFFICE HOURS : Tuesday 12:30PM-1:30PM and by appointment

TEACHING ASSISTANTS: Kathy Le and David Mendoza Kathy, lekathie@ David, mendoza.david47@ OFFICE & OFFICE HOURS: Kathy Le, Otterson Hall OFFICE & OFFICE HOURS: David Mendoza, Otterson Hall

DESCRIPTION

This course is intended to give students a foundation in personal financial planning, budgeting and money management. Upon completion of the course, students should have an understanding of associated terminology and possess basic skills in personal finance and money management.

OBJECTIVES

Specifically, the course is intended to be foundational and help prepare students for financial success and independence after graduation. Key learning areas will be the following:

Basics of Personal Finance Time Value of Money Budgeting and Tracking Spending Banking Consumer Credit Investing Retirement Housing

PREREQUISITES - None

MATERIALS Required

Personal Finance, 10th Edition, Kapoor, Dlabay, Hughes, McGraw-Hill/ Irwin, Inc., 2012.

Recommended

Staying current with Personal Finance world through many of readily available media outlets such as CNBC, Personal Finance Experts, (Suze Orman, Dave Ramsey, Stacy Johnson), Wall Street Journal Personal Finance Section, Money magazine, Personal Finance webpage of Yahoo Finance, etc...

CLASS TIME/ATTENDANCE

It is important to attend class. The goal is to have an interactive experience. This topic is action-oriented and will be best learned by doing, not just listening and studying. In general, class time will consist of lectures, discussion of text material and articles, and possible guest speakers. The class will be divided into groups for in-class group assignments. Participation and engagement are encouraged and will enrich the learning experience and your grade.

Students are expected to be prepared for class by reading material assigned from text, reading assigned articles and completing assignments. See schedule on next page for details.

ASSIGNMENTS

In order to receive credit for assignments, students must submit a hard copy by the beginning of class. If this is not possible for some unusual reason, please contact me directly before the due date, otherwise no credit will be given.

There are two projects - tracking personal spending for one month (The Tracker) and the other is an investment portfolio analysis (The IPA). Microsoft Excel is mandatory for this.

GRADING

Grading Category Class Participation/Quizzes/Classwork Personal Spending Tracker (The Tracker) Investment Portfolio Analysis (The IPA) Midterm Final Exam Total

Points [or percentage] 25.0 12.5 12.5 25.0 25.0 100.0

FINAL COURSE GRADE DISTRIBUTION

A

93+ Points

A-

90-92

B+ 87-89

B

83-86

B- 80-82

C+ 77-79

C

73-76

C- 70-72

D

60-69

F

below 60

COURSE POLICIES

You are expected to be present for Group Work, Quizzes and Exams. If you are unable to be present for a legitimate, unavoidable emergency, you are required to give me notification of the reason prior to the grading event. The decision to offer a make-up a quiz or exam will be made on a case by case basis.

SCHEDULE

Class Date Class Topic & Activities

Chapter Assignments

Jan 7

Introduction to Course Basics of Personal Finance

1

Read Chapter 1

Jan 9

Basics of Personal Finance

1

Read Chapter 1

Jan 14

Time Value of Money

1

Read Chapter 1

Jan 16

Money Management

3

Read Chapter 3 and Article 1

Jan 21

Assign The Tracker Money Management

3

Read Chapter 3

Jan 23

Quiz 1 Financial Services/Banking

1,3 Covers Chapters 1,3

5

Read Chapter 5

Jan 28

Financial Services/Banking

5

Read Chapter 5

Jan 30

Consumer Credit

6

Read Chapter 6

Feb 4

Consumer Credit

6

Read Chapter 6 and Article 2

Feb 6

Cost of Credit/Review for Midterm

7

Read Chapter 7

Feb 11

Midterm

1,3,5,6 Covers Chapters 1,3,5 & 6

Feb 13

Cost of Credit

7

Read Chapter 7

Feb 18

Time Value of Money/Investing

13 Read Chapter 13

Feb 20

Assign Investment Portfolio Analysis Investing

13 Read Chapter 13 and Article 3

Feb 25

Investing/Retirement

Personal Spending Tracker Due Feb 25 13/18 Read Chapter 13/18

Feb 27

Quiz 2 Retirement

7,13 Covers Chapters 7,13 18 Read Chapter 18

Mar 4

Retirement

18 Read Chapter 18

Mar 6 Mar 11

Housing Housing

9

Read Chapter 9

Investment Portfolio Analysis Due March 11

9

Read Chapter 9 and Article 4

Mar 13

Housing/Review for Final

9

Read Chapter 9

Mar 20

Final Exam

1130AM-130PM

Covers Chapters 7,13,18,9

LEARNING OBJECTIVES

Chapter 1 ? Personal Finance Basics

Develop personal financial goals. Understand the process for making personal financial decisions. Assess personal and economic factors that influence personal financial planning. Identify strategies for achieving personal financial goals for different life situations. Calculate time value of money situations associated with personal financial decisions.

Chapter 3 ? Money Management

Recognize relationships among financial documents and money management activities Design a system for maintaining personal financial records Create and implement a budget Develop a personal balance sheet and cash flow statement Relate money management and savings activities to achieving financial goals

Chapter 5 ? Financial Services

Analyze factors that affect selection and use of financial services Compare the types of financial institutions Compare the costs and benefits of various savings plans Compare the costs and benefits of different types of payment accounts

Chapter 6 ? Consumer Credit

Define consumer credit and analyze its advantages and disadvantages Describe the information creditors look for when you apply for credit Assess credit capacity and building a credit rating Identify the steps you can take to avoid and correct credit mistakes Describe the laws that protect you if you have a complaint about consumer credit Leasing vs Buying a car

Chapter 7 ? Cost and Challenges of Credit

Analyze the major sources of consumer credit Determine the cost of credit by calculating interest using various interest formulas Develop a plan to manage your debts Evaluate various private and governmental sources that assist consumers with debt problems Assess the choices in declaring personal bankruptcy

Chapter 13 ? Investing

Describe why you should establish an investment program Assess how safety, risk, income, growth and liquidity affect your investment decisions Explain how asset allocation and different investments alternatives affect your investment plan Recognize the importance of your role in a personal investment program Use various sources of financial information that can reduce risks and increase investment

returns

Chapter 18 ? Retirement

Recognize the importance of retirement planning Analyze your current assets and liabilities for retirement Estimate your retirement spending needs Determine your planned retirement income Develop a balanced budget based on your retirement income and estimated spending

Chapter 9 ? Housing

Evaluate available housing alternatives Analyze the costs and benefits associated with renting Implement the home-buying process Calculate the costs associated with purchasing a home Develop a strategy for selling a home Rent vs Buy cost comparison and analysis

ACADEMIC INTEGRITY

How the Honor Code applies to this course:

Integrity of scholarship is essential for an academic community. As members of the Rady School, we pledge ourselves to uphold the highest ethical standards. We are essentially training students to be entrusted with other people's money.

The University expects that both faculty and students will honor this principle and in so doing protect the validity of University intellectual work. For students, this means that all academic work will be done by the individual to whom it is assigned, without use of answer keys from any source of any kind.

Any academic integrity infractions will warrant maximum penalties, which could include failing the course.

The complete UCSD Policy on Integrity of Scholarship can be viewed at:

STUDENTS WITH DISABILITIES

A student who has a disability or special need and requires an accommodation in order to have equal access to the classroom must register with the Office for Students with Disabilities (OSD). The OSD will determine what accommodations may be made and provide the necessary documentation to present to the faculty member.

The student must present the OSD letter of certification and OSD accommodation recommendation to the appropriate faculty member in order to initiate the request for accommodation in classes, examinations, or other academic program activities. No accommodations can be implemented retroactively.

Please visit the OSD website for further information or contact the Office for Students with Disabilities at (858) 534-4382 or osd@ucsd.edu.

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