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Personal Finance

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General

Prefix

ECON

Course Number

110

Course Level

Undergraduate

Department/Unit(s)

Business Innovations & Leadership

College/School

Herberger Business School

Description

Analysis of personal finance decisions with emphasis on measuring and comparing benefits, costs, and other economic information using mathematical computations, and interpreting those results.

Prerequisites

Credits

Min

3

Max

3

Goals and Diversity

MN Goal Course

Yes

MN Goal Designation(s)

04

Learning Outcomes

Outcome

Demonstrate knowledge of the basic theories and methods of mathematics.

Outcome

Use quantitative methods to test hypotheses or to construct quantitative solutions to problems.

Outcome

Apply mathematical skills and knowledge in other academic disciplines.

Outcome

Communicate quantitative ideas, both orally and in writing.

Course Outline

Course Outline

Introduction to economic thinking and basic math processes. 15% Quantitative decision-making in personal finance. 15% Earning income, spending, and budgeting. 15% Saving, interest rates, and risk. 15% Investment in education. 5% Investment for retirement and other future expenses. 5% Consumer credit and the cost of borrowing money. 5% Financial investment options. 5% Home and automobile ownership, insurance; phone/cable plans, buy versus lease. 10% Lotteries, payday loans, rent to own; taxes; owning a business; marriage and children. 10%

Dependencies

Programs

ECON110 is a completion requirement for: