BUS 388 Personal Finance explores key personal financial management concepts with a goal of creating an effective personal financial plan. Major concepts include consumer credit, asset management, the time value of money, investments, tax strategies, retirement planning, and estate planning.
Prerequisites: BUS 300 or equivalent with a minimum of 60%
Accessibility Services Notice
Students who would like an academic accommodation and who have a documented disability should contact Accessibility Services, if they have not already done so.Course Details| Total number of weeks | 15 |
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| Total Credits | |
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| Total Hours | 45 |
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Typical hours per week breakdown| Lecture | 3 |
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Learning Outcomes
Upon successful completion of this course, the learner will be able to:
- Identify the steps needed to create a good personal credit score
- Plan and manage a personal budget
- Develop practices to prevent identity theft
- Explain effective personal tax planning strategies considering tools including RRSPs and TFSAs
- Create a personal financial plan
- Explain a variety of financial services and programs including banking, employment insurance, bankruptcy, Canada Pension Plan, Old Age Security, insurance, and pensions
- Prepare a plan to purchase a home or major purchase in Canada
- Use a simulator to Trade in the Stock, Bond, Mutual Fund, and/or Crypto Currency Markets
Teaching and Learning Approach
The lectures in this course focus on the introduction of concepts and practice in problem-solving strategies.
Students are encouraged to enrich the class by asking questions and offering examples.Learning Resources
Recommended: Course Textbook
Jeffry D. Madura, J.D., Gill, H. (2020) Personal Finance, (Fifth Canadian Edition) Toronto: Pearson Canada
12 Month E-Text Only Access ISBN-13: 9780136662907
Required: Stock Trak Student License. (See Moodle for link)
Recommended: Texas Instruments BAII + Financial Calculator (or equivalent)Detailed Course Content, Topics, and Sequence Covered
1. Financial Plan Overview Investment Game Starts
2. Investing Fundamentals
3. Investing in Stocks & Bonds
4. Investing in Mutual Funds
5. Applying Time Value Concepts
6. Planning with Personal Financial Statements
7. Using Tax Concepts for Planning
8. Mid-Term Exam Week
9. Assessing, Managing, and Securing Your Credit Budget Game Starts
10. Home, Auto Insurance
11. Health, & Life Insurance
12. Banking Services and Managing Your Money
13. Retirement Savings Planning
14. Purchasing and Financing a Home Investment Game Ends Budget Game Ends
15. Final Exam WeekAssessment
| Title | Learning Outcomes | Value |
|---|
| Participation | 1, 2, 3, 4 | 10% |
| Individual Presentation | 1, 2, 3, 4, 6, 7 | 15% |
| Assignments (10) | 1, 2, 3, 4 | 20% |
| Investment Game Simulation | 2, 3, 5, 7 | 30% |
| Budget Game Simulation | 5 | 10% |
| Personal Financial Plan | 6, 7, 8 | 15% |
| Total | 100% |
Grading Table
Standard Academic and Career Programs Grading Table
| Percentage |
Letter Grade |
GPA |
| 90-100 |
A+ |
4.33 |
| 85-89 |
A |
4.00 |
| 80-84 |
A- |
3.67 |
| 76-79 |
B+ |
3.33 |
| 72-75 |
B |
3.00 |
| 68-71 |
B- |
2.67 |
| 64-67 |
C+ |
2.33 |
| 60-63 |
C |
2.00 |
| 55-59 |
C- |
1.67 |
| 50-54 |
P |
1.00 |
| 0-49 |
F |
0.00 |
| |
DNW |
0.00 |
See the Academic Calendar for General Information including how to withdraw from course(s) and other regulations.
Disclaimer
Information contained in this course outline is correct at the time of publication. Content of the course is revised on an ongoing basis to ensure relevance to changing educational, employment and market needs. The instructor will endeavor to provide notice of changes to students as soon as possible. The instructor reserves the right to add or delete material from courses.