FINC101-17S2 (C) Semester Two 2017

Personal Finance

This occurrence is not offered in 2017 – replaced with another occurrence

15 points

Details:
Start Date: Monday, 17 July 2017
End Date: Sunday, 19 November 2017
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Friday, 28 July 2017
  • Without academic penalty (including no fee refund): Friday, 13 October 2017

Description

Personal financial literacy and decision making, including consumption and investment, debt, insurance, retirement and estate planning.

The objective of the course is to increase the financial literacy and motivate personal financial planning. Students will be exposed to several practitioners on different topics and will have an opportunity to set their own personal financial goals and do financial planning to enable them to meet these goals.
This course will help students develop confidence in approaching the many financial decisions that they will have to make over their lifetimes.  

The course will include:
• financial planning concepts including personal financial statements and financial goal setting
• how compound interest is calculated from both an investor’s and creditor’s perspective
• the benefits and costs of consumer credit
• rent vs buy decision for housing
• benefits and costs of various kinds of insurance
• wealth building using simple investment opportunities
• the application of financial concepts to a consumption/savings/investment plan to meet short-term, medium-term and long-range goals.

This is a recommended course for the Business Economics major and for Finance majors. It will be a very practical course that is suitable for any student from any major across the university.

Learning Outcomes

  • Upon successful completion of this course students will be able to:
  • Demonstrate understanding of financial planning concepts
  • Complete personal financial statements
  • Demonstrate understanding of compound interest as an investor, and as a creditor
  • Make a 'rent vs buy' decision for housing
  • Demonstrate an understanding of the benefits and costs of various types of insurance
  • Demonstrate an understanding of wealth-building using simple investment opportunities
  • Demonstrate the application of  financial concepts to a consumption/savings/investment plan to meet short-term, medium-term, and long-range goals.

Course Coordinator

Debra Reed

Assessment

Assessment Due Date Percentage 
Personal Financial Plan Project 50%
Test 25%
Test 25%

Course links

Course Outline

Additional Course Outline Information

Assessment and grading system

There will be three mini-tests each contributing 15% of the final grade for a total of 45%, homework and tutorial participation for a further 10%, and a final comprehensive project for 45% of the final grade. This project will consist of a personal financial plan. A template will be provided for the plan, which will include:
Current financial goals, and for 10 and 20 years' time
Personal financial statements and a budget for the current time, 10 years, and 20 years from now
A stream of transportation plans for a lifetime
Housing plans for the current period, 10 years' time, and 20 years' time
An insurance plan
An education plan for two children
A retirement plan
An estate plan
A funeral plan
Anything else to be included e.g. charitable giving, holidays, etc.

Indicative Fees

Domestic fee $775.00

International fee $3,188.00

* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.

Minimum enrolments

This course will not be offered if fewer than 40 people apply to enrol.

For further information see Department of Economics and Finance .

All FINC101 Occurrences

  • FINC101-17S1 (C) Semester One 2017
  • FINC101-17S2 (C) Semester Two 2017 - Not Offered – replaced with another occurrence
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