FIN 1002 Risk and Credit Management

This course is designed for students with diverse educational backgrounds and provides foundation instruction on the basics of real-world, personal financial topics. The emphasis is on practical application and decision-making. Besides personal budgeting, savings, time value of money, credit scores, consumer credit cards, and loans covered in this course, additional topics include income tax, insurance, buying a car, financing major purchases, fundamentals of investments, and healthcare costs. (2 lect.)

Credits

2 credits

Transfer Status

Transferable to UW.

Major Topics

  • Personal budgeting
  • Savings
  • Time Value of Money
  • Credit Scores
  • Consumer credit cards
  • Consumer loans (and student loans, if applicable) and Interest Rates
  • Introduction to income tax
  • Insurance (car, life, home, property, rental)
  • Buying a Car
  • Financing Major Purchases
  • Fundamentals of Investments
  • Healthcare costs and their impact on the financial picture

Outcomes

In order to successfully complete this course, the student will:

1. Build a budget

2. Investigate savings alternatives

3. Read and interpret credit reports

4. Compare credit cards for interest rates and terms

5. Complete an application for consumer loans

6. Compare lending institutions for terms and service

7. Calculate interest using a financial calculator

8. Describe and analyze the impact of government intervention in the market system and how this intervention impacts diverse populations.

9. Compare insurance types and terms

10. Evaluate car purchase decisions

11. Determine sources of financing for major purchases

12. Define alternate investment options

13. Explain differing health care costs and payment options among the various socioeconomic groups

Other Information

Any information placed here must be adhered to by all instructors:

For textbook information, contact the instructor.