Personal Finance

Course Number: BA 218
Transcript Title: Personal Finance
Created: September 1, 2012
Updated: July 19, 2016
Total Credits: 3
Lecture Hours: 30
Lecture / Lab Hours: 0
Lab Hours: 0
Satisfies Cultural Literacy requirement: No
Satisfies General Education requirement: No
Grading options: A-F (default), audit
Repeats available for credit: 0


WR 115, RD115 and MTH 20 or equivalent placement test scores

Course Description

Studies role of the consumer in our economy, problems of financing family and individual needs, including budgeting, banking relationships, charge accounts, installment buying, insurance, wills, real estate investing and personal taxes. Prerequisite: WR 115, RD 115, and MTH 20 or equivalent placement test scores. Audit available.

Intended Outcomes

Upon successful completion of Personal Finance, the student will be able to:

  1. Demonstrate an understanding of the overall role finances play in his/her personal life.
  2. Demonstrate the use of sound, practical decision-making in personal financial situations.
  3. Communicate effectively in dealing with personal business matters.

Outcome Assessment Strategies

Students will be expected to demonstrate knowledge of the concepts described in the required competencies by any combination of the following:

  1. Participation
  2. Case study analysis
  3. Individual and/or group projects
  4. Presentations
  5. Completion of assessment or certification-style examinations

Course Content (Themes, Concepts, Issues and Skills)

Themes, Concepts, Issues

  1. Planning
  2. Responsibility and Accountability
  3. Critical Thinking
  4. Effective Written and Oral Communications
  5. Team Work
  6. Ethical Conduct

Competencies and Skills

  1. Ability to plan and budget effectively.
  2. Recognize the need to adapt financial planning to changing personal needs.
  3. Effectively analyze the comparative merits of buying and renting a home, tax implications, buying, selling, and leasing fundamentals.
  4. Evaluate each of the various types of credit; understand costs and how to utilize them to the best advantage.
  5. Evaluate the various types of insurance and relate this information to personal needs.

Department Notes

Personal Finance is designed to expose the interested student to many functions of personal finance. The course provides the students with information that can be used to develop an overall financial plan and an understanding of critical areas where decisions should be made.

Topics such as the economy, budgeting, taxes, shopping, real estate, credit, and estate planning are discussed in an introductory manner.

This course is applicable as elective credit toward an Associate degree and may be transferable to a four-year institution.