A practical approach to problems involved in managing personal finances. Includes financial planning, budgeting, obtaining credit and loans, income taxes, savings and investments, life insurance, home buying, and estate planning. Subjects are treated in a nontechnical manner. Recommended for non-finance majors.
Participants work with the instructor to develop their own personal investment portfolio.
After an introduction to Wall Street, stocks, bonds, mutual funds and other investments are evaluated and selected to comprise portfolios that best meet each participant's goals. Students will learn the basics of interpreting and using financial statements and budgeting in relation to the decision-making process. Not open to students who have taken FI 4301. The scope and nature of finance, introducing basic financial concepts and principles. Includes financial analysis, financial planning, working capital management, the time value of money, and an introduction to financial markets and different types of securities.