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RCC CONTACT FOR THIS COURSE: Dr. Randy Wade, Business Technology Instructor & Department Head [email protected]. 541-956-7076 COLLEGE NOW WEBSITE: http://www.roguecc.edu/COLLEGENOW Your resource for current information, including processes and forms COURSE INFORMATION & REQUIREMENTS RCC Course Title: Course No. Personal Finance BA218 Credits: 3 Requirements for Articulating This Class HIGH SCHOOL INSTRUCTOR EDUCATION BACKGROUND: Master's degree in business or a related field or an MAT with credits in upper division or graduate business courses (or business education endorsement). COLLEGE NOW Course Completion Requirements Students must have: 1Received grade A-F, W, I, P, Z and NP Completed COLLEGE NOW registration process 1 Based on current state and college regulations and policy, all students in COLLEGE NOW or other dual enrollment classes are graded on the same standards and under the same guidelines as any regular college student. That means that COLLEGE NOW students can earn A - F, W, I, P, Z and NP grades that will show on the official college transcript. COLLEGE NOW CONTACT INFORMATION: Daniella Bivens Rogue Community College Table Rock Campus 7800 Pacific Avenue White City, OR 97503-1060 [email protected] 541-245-7806 1 RCC Course Title: BA218 Personal Finance COURSE OUTLINE Course No: BA218 Credits: 3 Date: December 2010 Course Title: Personal Finance Institution: Rogue Community College Type of Course: Transfer Length of Course: A minimum of thirty (30) hours per one term. Prerequisites: RD30 and WR30. Department Assignment: Business Technology Course Description: This is an introductory course designed to acquaint the student with principles, terminology, and concepts of personal financial management. Students will be introduced to such topics as consumer protection, budgeting, wise spending habits, purchasing/leasing cars, renting versus home ownership, wise use of credit, shopping for home, health, and life insurance, investing, estate planning, and other issues affecting personal financial decision making. Course Outcomes, ILO (Institutional Learning Outcomes) Indicators and Assessment: On successful completion of this course, students will be able to: Expected Outcomes: 1. Define the key terms used in the field of personal financial planning. ILO Key Indicators: AK 1: Demonstrates ability to transfer learning in familiar and unfamiliar contexts in order to complete tasks. Assessment Methods: 1. Homework exercises, discussion, quizzes, and examination, and participation in course discussions. 2. List and explain the major employment and credit legislation covered in the course. AK 1: Demonstrates ability to transfer learning in familiar and unfamiliar contexts in order to complete tasks. 2. Homework exercises, discussion, quizzes, and examination, and participation in course discussions. 3. Discuss the pros and cons of development good credit practices and using credit wisely. AK 2: Integrates previous and new learning, along with practical skills, to solve problems. 3. Homework exercises, discussion, quizzes, and examination, and participation in course discussions. 4. Distinguish among the various types of life, health, and property insurance CT 2: Raises significant and relevant questions. 4. Analyze a renter's or homeowner's policy, life insurance policy, and automobile 2 RCC Course Title: BA218 Personal Finance Expected Outcomes: plans and relate this information to your own personal needs. ILO Key Indicators: Assessment Methods: policy to determine exactly what is and what is not covered. Differentiate among features such as co-payments, deductibles, and exclusions. 5. Interview an individual who is retired to determine their social and economic needs. Evaluate the role of social security in their total financial planning. Determine what investment advice they would give based on their past and present experiences. Post the results on the discussion board. 5. Analyze the advantages and disadvantages of various investment options in light of personal needs, resources, and retirement goals. CT 1: Recognize own and others’ emotions, assumptions, biases, and cultural contexts. 6. Identify two major methods of computing interest and use each method to compute the cost of loans. AK 4: Uses numeracy skills for interpretation, synthesis, and analysis of data. 6. Given the principal, interest rates, and length of loan, compare the cost of a loan using both the simple interest method and the Rule of 78s. 7. Differentiate among various types of stocks, bonds, and mutual funds. AK 1: Demonstrates ability to transfer learning in familiar and unfamiliar contexts in order to complete tasks. 7. Homework exercises, discussion, quizzes, and examination, and participation in course discussions. 8. Compare various estate AL 4: Pursue goals by planning options and choose creating strategies over one to meet your personal time. needs. 9. Compare and contrast renting versus home ownership. 10. Explore a personal finance topic of interest in depth and determine how it applies in your life. 8. Homework exercises, discussion, quizzes, and examination, and participation in course discussions which supports why a specific type of estate option (of the student’s choice) would best fit his/her current personal needs. 9. Homework exercises, discussion, quizzes, and examination, and participation in course discussions. 10. Research a magazine or AL 5: Use technological Internet article related to tools to research new information, solve problems, personal finance and prepares a written report that summarizes and communicate the article, tells how it relates to effectively. the material in the class, and shows how the student can personally use the information. COM 2: Expresses ideas clearly in oral, written and visual work. 3 RCC Course Title: BA218 Personal Finance Typical Recommended and Required Text(s): PFIN by Gitman, Joehnk, and Billingsley (4LTR Press), 2011. TYPICAL COURSE OUTLINE: Understanding the Financial Planning Process Developing Financial Statements and Plans Managing Your Cash and Savings Making Automobile Decisions Making Housing Decisions Types of Housing Financing Housing Costs and Regulations Renting vs. Ownership Selling Your Home Financial Institutions Financial Planning Using Credit Using Consumer Loans Insuring Your Life Insuring Your Health Protecting Your Property Investment Planning Stocks Bonds Mutual Funds Real Estate Planning for Retirement Estate Planning 4