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Syllabus

COLLEGE OF BUSINESS ADMINISTRATION

DEPARTMENT OF FINANCE

COURSE TITLE:                   FIN 170:  Introduction to Finance Spring 2005
NUMBER OF CREDITS:               3

MEETING PLACE AND TIME:       Section 01:  MW 12:30 – 1:45, 112 Still
                                                Section 51:  MW 12:30 – 1:45, 413 MONTV

PROFESSOR NAME:              Dr. Jerry Belloit
OFFICE NUMBER:                 336 Still
TELEPHONE NUMBER:           393-2626
E-MAIL ADDRESS:                belloit@clarion.edu
WEBSITES:                         blackboard.clarion.edu
                                        http://link2learn.clarion.edu

OFFICE HOURS:
9:00-10:45 MW, 9:30-11:00 T and by appointment.  I am in the office much more frequently than these hours.  However, because I have offices on both campuses, I may be on the other campus on my MW hours.  If I am not in my office during the posted hours, the secretary will know where I am and can place a call to me if I am on the other campus.

COURSE DESCRIPTION:
A course designed to introduce students to the rudiments of finance and elementary financial decision making.  The course will survey the basics of investments, financial management, and financial markets and institutions.  No prerequisites.  Annually.

COURSE LEARNING OBJECTIVES:

Learning Objective

Assessed by:

  1. Student will be able to develop appropriate personal financial goals.

Exams 1, 2, and final

  1. Student will be able to develop a personal budget consistent with their short-term financial goals.

Budget Project, Exams 1, 2, and final

  1. Student will be able to identify the advantages and disadvantages of the use of consumer credit.

Exams 1, 2, and final

  1. Student will be able to list the forms of financial intermediates and identify the advantages and disadvantages for each.

Exams  1, 2 and final

  1. Student will be able to successfully describe the advantages and disadvantages of the various forms of consumer credit.

Exams 1, 2, and final

  1. Student will be able to identify the components of a credit report and describe the process to correct disputed information contained within the credit report.

Exams 1, 2, and final

  1. Student will be able to list the types of consumer protection laws and identify procedures used to exercise rights under those laws.

Exams 1, 2, and final

  1. Student will be able to assess the implications of consumer purchasing decisions and evaluate alternatives among consumer purchase opportunities.

Exams 1, 2, and final; also the Student Best Price project.

  1. Student will be able to calculate evaluate and analyze the advantages and disadvantages among the various housing alternatives.

Exams 2  and final

  1. Student will be able to develop a risk management plan using property and casualty, health, and life insurance

Exams 2 and Final Exam

  1.  Student will be able to describe how safety, risk, income, growth, and liquidity
    affect your investment decisions.

Exams 2 and Final Exam

  1. Student will be able to list the types of investments and analyze the advantages and disadvantages for each.

Exams 2 and Final Exam

  1. Student will be able to compute time-value-of-money problems and correctly recognize the type of problem in a word problem.

Final Exam and Student Time-Value-of-Money Project.

 

CORE COMPETENCIES ADDRESSED:

Core Competency

Addressed/Assessed by:

Analytic skills

TVM Project, Exams 1, 2, and Final

Ethical understanding and reasoning ability

Chapter 2, Exams 1,2,and Final

Multicultural and diversity understanding

Chapter 2, Exams 1,2, and Final

Use of information technology

Best Price Project

Reflective thinking skills

Exams 1,2, and Final, Budget Project

REQUIRED TEXT AND MATERIALS:

Personal Finance, 7/e, Kapoor, Dlabay, and Hughes

CALCULATOR:     A financial calculator is also required for this course. The Hewlett-Packard 10B or 10BII  is strongly recommended. There is a web site for using the HP10B and 10BII. (Students should avoid a TI BAII or Radio Shack equivalent.)  Students not choosing the HP10B or 10BII will be responsible for knowing the operation of their calculator.

FLAGS:  This course may be used as a general education elective and carries a quantitative flag for non-business students only. 

CLASS ACTIVITIES AND REQUIREMENTS:  Learning activities include class lectures, reading comprehension quizzes, time-value of money exercises, the best price project, and the budget project.  Please read the assigned chapter (except for day 1) before coming to class.  My lectures will assume you have read the material, and are familiar at least with terminology; this will eliminate obvious questions that are answered in the book, and allow us to learn the concepts.  Read the book first.

In addition to the class website at http://link2learn.clarion.edu, all homework and exams will be submitted on the http://blackboard.clarion.edu site.  
a.   You must login using your CNet username. (Use lower case letters for both the username and password.)   If you don't know it, click on the link to "Need Help Using Blackboard?" at the login page (http://blackboard.clarion.
edu) for more information or check the People Finder link on the Clarion home page.   Everything to the left of the @ sign on your email address is your CNet username.
b.   You must use your 13 digit SSN/month/date of birth (no spaces or hyphens) as your initial password.  This is how you will login to your Webmail through the new iClarion portal also (http://portal.clarion.edu).
c.   You should change your password to something you will remember; do NOT to use your SSN/month/date of birth. It was only created to initially set up your account. To change your password, enter the course in Blackboard and click on the "Student Tools" button and "Personal Information".
d.   The email address used in Blackboard is your Clarion email address.  If you wish to forward your email, you must set it up in Webmail.
[[Forwarding Email from Webmail to Another Email Account:

1. Go to the Webmail (iClarion) portal (http://portal.clarion.
edu)
2. Login with CNet username and password
3. Click on the EMAIL icon
4. Click the OPTIONS tab
5. Click on AUTO FORWARD and enter address
6. Click OK]]
e.   To get into your course(s) you should click on the link to course(s) you are participating in, not the link under the announcements heading. There was a change in Blackboard 5.5 that if you click on the link in "My Announcements" (or left side listing), you will only be in the announcements, not the course. This only occurs when you first log in. If you get lost, you can click on the "My Institution" tab to get back.

GRADING SYSTEM:

  1. Grading will be on a ten point scale:

Midterm exams

40%

  89.5% +  = A

Final exam 

30%

79.5-89.49% = B

Projects

20%

69.5-79.49% = C

Class Participation

5%

59.5-69.49% = D

Homework

  5% 

Below 59.5% = F

Total Points

100%

 

All exams will be cumulative. No make up-exams will be given. For all exams you will be permitted to use one 8.5 X 11 paper with any notations that you wish such as class notes, prayers, inspirational messages, etc. Any personal schedule conflicts with the exams must be identified and reported to me by September 8 to see if there might be a way to resolve the conflict.

 GRADING RUBRIC:  The objective exams and homework assignments are graded by the percentage correct.  Attendance and participation grade is calculated as follows:  100% grade will be given to those who have no unexcused absences, are in class before the class begins, are fully prepared for every class, make at least one constructive contribution to the class discussion per week.  The participation grade will be reduced by 20% for each unexcused absence.  The participation grade will be reduced by 5% for each week where the student has no contribution to the class discussion. 

CLASSROOM SESSIONS SCHEDULING:

Mon.

Day

Topic

Chapter

Homework due

Jan.

10

Personal Financial Planning: An Introduction  

1

Jan. 31 (Homework 1)

 

12

Personal Financial Planning: An Introduction (Continued)

 

 

 

17

No Class—Martin Luther King Holiday

 

 

 

19

Personal Financial Planning: An Introduction (Continued)

 

 

 

24

Personal Financial Planning: An Introduction (Continued)

 

 

 

26

Financial Aspects of Career Planning

2

Jan. 31 (Homework 1)

 

31

Money Management Strategy: Statements and Budgeting

3

Jan. 31 (Homework 1)

 Feb.

2

Money Management Strategy: Statements and Budgeting (continued)

 

 

 

7

Planning Your Tax Strategy
 

4

Feb. 16
(Homework 2)

 

9

Financial Services: Savings Plans and Payment Accounts

5

Feb. 16
(Homework 2)

 

14

Introduction to Consumer Credit
 

6

Feb. 16
(Homework 2)

 

16

Choosing a Source of Credit: The Cost of Credit Alternatives

7

Feb. 23
(Homework 3)

 

21

Consumer Purchasing Strategies and Legal Protection

8

Feb. 23
(Homework 3)

 

23

Review

 

 

 

28

EXAM 1 (Sign up to Schedule time)

 

 

 Mar.

2

The Housing Decision

9

Apr. 6
(Homework 4)

 

7, 9

No Class—Winter Break

 

 

 

14

Home and Automobile Insurance

10

April 6
(Homework 4)

 

16

Health and Disability Insurance

11

April 6
(Homework 4)

 

21

Life Insurance   

12

April 6
(Homework 4)

 

23

Investing Fundamentals

13

April 6
(Homework 4)

 

28

No Class—Spring Break

 

 

 

30

Investing Fundamentals
(Continued)

 

 

Apr.

4

Investing in Stocks

14

Apr. 6
(Homework 4)

 

6

Investing in Stocks (Continued)

 

 

 

11

Investing in Bonds

15

Apr. 27
(Homework 5)

 

13

Investing in Bonds (Continued)

 

 

 

18

Investing in Mutual Funds

16

Apr. 27
(Homework 5)

 

20

Exam 2 (Sign up to Schedule time)

 

 

 

25

Real Estate and Other Investment Alternatives

17

Apr. 27
(Homework 5) 

 

27

Review

 

 

May

2

Final Exam (Sign up to Schedule time)

 

 

 ATTENDANCE AND ABSENTEEISM:  Class attendance is mandatory and strongly recommended. Missing class unnecessarily will result in one or more letter reductions on your final grade.

CLASS PARTICIPATION:  Students are expected to attend every class, prepare for the lecture, and contribute to the discussion of relevant material. 

MAKE-UP EXAM POLICY:  Normally no make up-exams will be given.  Any personal schedule conflicts with the exams must be identified and reported to me by January 19 to see if there might be a way to resolve the conflict.  In the event of schedule conflicts after January 19, you must notify the instructor as soon as possible.  The instructor will try to schedule the exam at an earlier date.  If no attempt is made to contact the instructor prior to a scheduled exam, the student ordinarily will receive no credit for the exam.  If a makeup is necessary due to extraordinary circumstances, the exam will be given on May 6th.

ACADEMIC DISHONESTY:  Academic dishonesty will not be tolerated in this class. Cheating on examinations, inappropriate collaboration on projects, and other forms of dishonesty will be dealt with in a serious and formal manner. The minimum penalty for academic dishonesty in this class will be course failure.

SPECIAL SERVICES:   If you require special accommodation for taking exams or completing the project, you must notify the instructor by January 19th.  A learning contract will be completed accordingly.