Mgt 12 Essay

This course is intended to bring forth students a foundation in privateized monetary meanning, budgeting and capital management. Upon shutdown of the course, students should have an understanding of associated terminology and possess basic skills in private finance and money management. OBJECTIVES Specifically, the course is intended to be foundational and help rear students for monetary independence after graduation. Key learning areas entrust be the following * person-to-person pay Basics * Time valuate of money * Budgeting/Tracking expending * Banking * Consumer Credit * Ho employ Investing * Retirement PREREQUISITES no(prenominal) MATERIALS Required * Personal Finance, 10th Edition, Kapoor, Dlabay, Hughes, McGraw-Hill/ Irwin, Inc. , 2012. * Course Reader- Available through University Readers. leverage instructions found on Ted Recommended * Staying current with Personal Finance beingness through many of readily operational media outlets such as CNBC, Personal F inance Experts, (Suze Orman), Wall Street Journal Personal Finance Section, funds magazine, Personal Finance web scallywag of Yahoo Finance, etc CLASS TIME/ATTENDANCE It is of the essence(p) to attend class.In general, class time result consist of lectures, interchange of articles, coverage of select personal finance topics and possible guest speakers. friendship and engagement are encouraged and will enrich the learning nonplus and your grade. ASSIGNMENTS Students are judge to be prepared for class by complemental reading and assigned homework. Homework will be collected and will consist of a combination of terminology and problems from the text. Generally, students will be expected to read the chapter and article prior to class (preread) and submit the associated homework identification on the due date.See schedule on next page for details. In indian lodge to receive reference work for homework, students must(prenominal) submit a hard copy of the homework by the beginn ing of class. It is suggested that students complete assignments using software. Microsoft Excel is well suited for assignments as homework will be quantitative in nature. There is a project to track personal spending for one month. This will be assigned a few weeks into the quarter and due the last week of class. Excel is mandatory for this. evaluate Grading Category Points or percentage Class Participation 10 Homework (3 assignments 5 points each) 15Personal Spending Tracker/Daily Spending Diary 10 Exam 1* 20 or 25 Exam 2 * 20 or 25 Final Exam * 20 or 25 Total 100 *For Exams, one may count heightsest 25% and the early(a)s 20% each to comprise 65% of final grade layer DISTRIBUTION A 93+ PointsC73-76 A- 90-92C-70-72 B+87-89D60-69 B83-86Fbelow 60 B-80-82 C+77-79 move POLICIES You are expected to be present for Exams. If you are unable to be present for a legitimate, unavoidable emergency, you are required to give me presentment of the reason prior to the scrutiny. The decision to offer a make-up exam will be made on a case by case basis and make-ups are very rare. SCHEDULEClass fight Class Topic &type A Activities Chapter Assignments Apr 2Apr 4 Introduction to CourseBasics of Personal FinanceTime Value of silver 1 Read Chapter 1 Read article 1 Apr 9Apr 11 Time Value of MoneyMoney Management 13 Read Chapter 3 and Article 2 Apr 16Apr 18 Money ManagementFinancial Services/Banking 35 HW1 due 4/18Ch 1 impairment & Problems 1,3,4,7,8,9,10Ch 3 name & Problems 2,3,4,7,8Read Chapter 5 Apr 23Apr 25 Financial Services/BankingReview for Exam 1Exam 1 51,3 Covers Chapters 1 & 3 Apr 30 may 2 Assign Personal Spending TrackerConsumer CreditConsumer Credit 66 Read Chapter 6 and Article 3 whitethorn 7 may 9 Cost of CreditCost of Credit 77 Read Chapter 7 May 14May 16 HousingHousingReview for Exam 2 99 Read Chapter 9 and Article 4 HW2 due 5/14Ch 5 Terms & Problems 2,3,5,6,8,11,12Ch 6 Terms & Problems 1,2,5,8,10Ch 7 Terms & Problems 2,3,5,7,15 M ay 21May 23 Exam 2Housing 5,6,79 Covers Chapters 5, 6 & 7 May 28May 30 Investing InvestingRetirement 131318 Read Chapter 13 and Article 5Personal Spending Tracker Due 5/30Read Chapter 18 Jun 4Jun 6 RetirementRetirementReview for Final 1818 HW3 due 6/4Ch 9 Terms & Problems 2,4,5,6,7,9Ch 13 Terms & Problems 1,2,3,4,5,10Ch 18 Terms Jun 13 Final Exam 7-9PM LEARNING OBJECTIVES Chapter 1 Personal Finance Basics * conk out the process for making personal financial decisions. * founder personal financial goals. * appreciate personal and economic factors that influence personal financial send offning. gauge time value of money situations associated with personal financial decisions. * Identify strategies for achieving personal financial goals for different life situations. Chapter 3 Money Management * Recognize relationships among financial documents and money management activities * Design a system for maintaining personal financial records * Develop a personal counter balance sheet and cash flow statement * Create and implement a budget * Relate money management and nest egg 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 be and benefits of various savings plans * Identify the factors used to evaluate different savings plans * Compare the exists and benefits of different types of payment accounts Chapter 6 Consumer Credit * Define consumer commendation and prove its advantages and disadvantages * Differentiate among various types of reference work * Assessing credit capacity and building a credit rating * Describe the information creditors look for when you apply for credit * 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 carChapter 7 Cost and Challenges of Credit * Analyze the major sources of consumer credit * Determine the cost of credit by calculative interest using various interest formulas * Develop a plan to manage your debts * Identify various private and governmental sources that assist consumers with debt problems * Assess the choices in declaring personal bankruptcy 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 * Rent vs Buy cost comparison and analysis * Develop a strategy for selling a home Chapter 13 Investing Describe why you should establish an investiture program * Assess how safety, risk, income, growth and liquidity affect your investment decisions * explicate how asset allocation, time & 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 tailor risks and increase investment returns Chapter 18 Retirement * Recognize the importance of seclusion planning * Analyze your current assets and liabilities for retirement * Estimate your retirement spending needs * Identify your retirement housing needs * Determine your be after retirement income * Develop a balanced budget based on your retirement income ACADEMIC INTEGRITY Integrity of scholarship is essential for an donnish community. As members of the Rady School, we pledge ourselves to uphold the highest ethical standards.The University expects that both faculty and students will honor this principle and in so doing protect the validity of University apt work. For students, this means that all academic work will be through with(p) by the individual to whom it is assigned, without unauthorized aid of any kind. The complete UCSD insurance on Integrity of Scholarship can be viewed at http//senate. ucsd. edu/ manual(a)/Appendices/Appendix2. pdf How the Honor Code applies to this course The University trusts each student to maintain high standards of honesty and ethical behavior. All assignments submitted in fulfillment of course requirements must be the students own work. STUDENTS WITH DISABILITIESA 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 business leader for Students with Disabilities (OSD). The OSD will determine what accommodations may be made and provide the requirement 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. transport visit the OSD website for further information or contact the Office for Students with Disabilities at ( 858) 534-4382 or osducsd. edu.