Course Syllabus
BUS 125 - Introduction to Personal Finance - 3 Credits
Spring 2020
Instructor:
Antonette Koons, Adjunct Instructor
Phone: (651) 249-8043
Email: akoons@lco.edu
Link to Online E-Book
Link to Cengage:
Link for MindTap
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Required Text:
PFIN, 7th Edition
Randall Billingsley; Lawrence Gitman; Michael Joehnk
ISBN-10: 0-357-03360-4
ISBN-13: 978-0-357-03360-9
Course Description:
This course introduces personal financial decision-making concepts including: financial and career planning, spending, saving, borrowing, insurance, consumer product purchases, and investment and retirement decisions.
Course Calendar:
| Week (17 weeks) | Dates | Topics | What's Due? |
| 1 | Jan 19 - Jan 24 | Introductions - Orientation, syllabus & textbook review, Overview of Module I - What is your Vision? |
Please sign up for Cengage Unlimited so you can access the book online and the resources. Read chapter 1 in book, respond to me by email and/or Canvas mail for attendance. |
| 2 |
Jan 25 - Jan 31 |
Module I - Textbook Chapter 1 | Introductions Assignment Due Fri, Jan 29th, 10:30am |
| 3 |
Feb 1 - Feb 7 |
Module I - Textbook Chapters 2 and 3 |
Vision Statement Assignment - Due Fri, Feb 5th, 11:59 pm |
| 4 |
Feb 8 - Feb 14
|
Financial Statement Assignment - Due Fri, Feb 12th, 11:59 pm | |
| 5 |
Feb 16 - Feb 21
|
Module II - Textbook Chapters 2 - 10 | Budgeting Assignment 1 of 2- Due Fri, Feb 19th, 11:59 pm |
| 6 |
Feb 22 - Feb 28
|
Module II - Textbook Chapters 2 - 10 | Sustainable Living Assignment - Due Fri, Feb 26th, 11:59 pm |
| 7 | March 1 - March 7 |
Module II - Textbook Chapters 2 - 10 Gikinoo'amaagan Odanookiiwin (Student Project overview) Midterm Study Guide |
Borrowing Money Assignment - Due Fri, March 5th, 11:59 pm |
| 8 |
Mar 8 - March 14 |
Module II - Textbook Chapters 2 - 10 Gikinoo'amaagan Odanookiiwin (Student Project) |
Student Project Due Mar 12th, 11:59 pm Midterm Exam March 10th |
| 9 | March 15 - 21 - SPRING BREAK | - | - |
| 10 |
Mar 22 - March 28
|
Module II - Textbook Chapters 2 - 10 | - |
| 11 |
Mar 29 - April 1st Apr 2 - 5 Easter Break |
Module II - Textbook Chapters 2 - 10 | Money Tracker Assignment Due Mar 31st, 9:00am |
| 12 |
Apr 6 - April 11
|
Building Native Communities (BNC) part 1 | Insurance Assignment Due Apr 9th, 11:59 pm |
| 13 |
Apr 12 - April 18
|
Building Native Communities (BNC) part 2 | BNC part 1 worksheets Due Apr 16th, 11:59 pm |
| 14 |
Apr 19 - Apr 25
|
Module III - Textbook Chapters 11 - 15 | BNC part 2 worksheets Due Apr 23rd, 11:59 pm |
| 15 |
Apr 26 - May 2nd
|
Module III - Textbook Chapters 11 - 15 | Budgeting Assignment 2of2 Due Apr 30th, 11:59 pm |
| 16 |
May 3 - May 9
|
Module III - Textbook Chapters 11 - 15 Final Study Guide |
Investments Assignment Due May 7th, 11:59 pm |
| 17 |
May 10 - 14
|
Final Exam - Last Day of Class |
Cycle of Life Plan Final Exam Thurs May 13th |
Grading Matrix:
| Assignments | 10 Assignments at 100 points each for 1,000 points | 50% |
| BNC Worksheets | 2 worksheet packages (Assignments) at 150 points for 300 points | 15% |
| Cycle of Life Plan | 1 Assignment (Financial Plan) for 200 points | 10% |
| MidTerm Exam | Exam 200 points | 10% |
| Final Exam | Exam 200 points | 10% |
| Gikinoo'amaagan Odanookiiwin | Student project 100 points | 5% |
Assignments: 1. Introductions, 2) Vision Statement, 3)Financial Statement, 4)Budgeting I, 5)Sustainable Living, 6)Borrowing Money - 7)Money Tracker, 8)Insurance, 9)Budgeting II, 10)Investments
BNC Worksheets: Two sets of worksheets from the Building Native Communities: Financial Skills for Families workbook (pdf). Available on Canvas
Cycle of Life Plan: Retirement and Personal Financial Plan
Midterm & Final Exams
Gikinoo'amaagan Odanookiiwin: Use of Ojibwe skill, tradition, or value that impacts your financial plan.
Attendance Policy:
BUS 125 does not count attendance as part of the grade. However, attendance is recorded for financial aid, student support services, and other school related functions. It is well-established that students show improved learning when they regularly attend and participate in class discussions and activities. Materials presented in class may not always be available on Canvas or otherwise; such as a lecture discussion, guest presentation, or other material not directly found in the textbook or other supplemental materials. Therefore, it is important that students attend class regularly.
Note: Students who fail to make Academic Progress (minimum GPA) or meet the Pace of Progression (completing at least 67% of courses) standards may be placed on Financial Aid Probation. Please refer to the current Student Handbook, for the Class Attendance Policy.
Assignments and Tests:
Students are expected to complete all quizzes, assignments, and course deliverables on time. From time to time you may experience an unexpected event that prevents you from completing an assignment on time. Late assignments are worth 50%. E.g. An assignment turned in late earns 80%; it would be marked down to 40% because its late. If you miss a due date, you have until the "last call" date to turn it in. There are two last calls, one for homework due before the midterm and another for homework due after the mid term. Assignments turned in late prior to midterm (Spring Break) will be accepted until Friday March 13th at 9:00 am. Assignments due prior to March 13th will not be accepted after this deadline. Assignments due and turned in late after Spring Break will be accepted until Friday, May 15th at 9:00am. No assignments will be accepted after this deadline.
- Midterm late assignment last call: Friday, March 13th 9:00am
- Final late assignment last call: Friday May 15th, 9:00am
There are two exams in this course. If you are not able to take the exam by the due date or miss the due date, contact the instructor immediately. Generally, exams cannot be made up.
Reading Assignments:
You will be expected to complete assigned material before coming to class. You will be held accountable for the work assigned even if you miss class (excused or unexcused
Special Note Regarding Incompletes:
Incompletes are generally not allowed in this class. Exceptions can be made for extenuating circumstances. Please refer to the current Student Handbook for the policy on Incompletes.
Mid-term and Final Examinations:
The midterm and final exam may be on Canvas or administered in class at the instructors discretion. See midterm and final exam study guides for more information.
Outside of Class Study Expectations:
Students should plan on up to 6 hours of study outside of class each week for this course. The US Department of Education and the Higher Learning Commission have the expectation that students should be working approximately two hours of outside of class for each credit of instruction.
Academic Honesty & Integrity Policy:
Students are to maintain a high level of ethics and morals in all classes. This means that students will not intentionally cheat, copy, or otherwise misrepresent work products they present to the instructor for grading. This includes all assignments, test, projects, papers, etc. Students responsibilities include an honest attempt “to learn” the material through the deliverables assigned and presented in class (Canvas, lectures, etc). Please refer to the current Student Handbook for Academic Misconduct and Plagiarism.
Computer Use:
All students receive an lco.edu email account for the duration of the semester. In order to comply with FERPA (Family Education Rights and Privacy Act), all official notifications about your courses, Canvas, financial aid, and student evaluations must be sent through your lco.edu email account. You can access your lco.edu email account from any browser.
Necessary Technologies:
- Internet connection (DSL, LAN, or cable connection desirable)
- Access to Canvas or other Learning Management Systems
Note: Not having computers or Internet at home is NOT an excuse to be late with homework. Your education is your responsibility. We strongly encourage you to schedule time to make use of the resources provided for students to complete your studies in a timely manner
General Education Program Outcomes:
Students receiving an associate degree will:
- General Education Goal (GEN ED) 1 Communication: Students read, write, speak, and listen effectively to increase knowledge, to foster understanding, or to promote change in attitudes, values, beliefs, or behaviors.
- GEN ED 2 Mathematic Literacy: Students demonstrate a strong foundation in mathematical concepts, processes and structure.
- GEN ED 3 Social Responsibility: Civic Responsibility includes the skills and awareness necessary to live as responsible, ethical, and contributing citizens of the community, state, nation, and world.
- GEN ED 4 Ojibwe and other Native Cultures: Students demonstrate understanding of Ojibwe and other Native American culture.
- GEN ED 5 Critical Thinking: Students analyze, synthesize, and evaluate diverse concepts and make reasoned decisions based on evidence.
- GEN ED 6 Global Awareness: Students interact effectively and appropriately in a diverse, multi-cultural, and global society.
Culture & Tradition:
The Mission Statement of LCOOCC states:
The Lac Courte Oreilles Ojibwe Community College mission is to provide Anishinaabe communities with post-secondary curriculum and continuing education while advancing the language, culture, and history of the Ojibwe.
In order to adhere to the college's mission statement, this course will incorporate Ojibwe Language, Culture, and History into class activities wherever possible. These activities have been included in the class schedule.
**IMPORTANT**
Students with Disabilities
It is the policy and practice of the Lac Courte Oreilles Ojibwe Community College to create inclusive learning environments for all students, including students with disabilities. If there are aspects of this course that result in barriers to your inclusion or your ability to meet course requirements, please notify the instructor as soon as possible. I will maintain and uphold confidentiality of any information shared.
Institutions of Higher Education under the Americans with Disabilities Act are required to provide appropriate aids and services to students who have identified documented learning disability or other disability which might affect classroom performance. It is the responsibility of the student to provide the appropriate documentation to the college in a timely manner. Students requesting accommodations are asked to contact Lisa Munive, Academic Dean at 715.634.4790 x132 at least two weeks before the start of classes to allow enough time for any adaptive accommodations to be made.
*Syllabus*
Course Summary:
| Date | Details | Due |
|---|---|---|