This Financial Literacy course is designed for the first five years after graduation. It also is designed as a 1-credit hour, upper division, stand-alone online only course that can be completed at the learner's speed and on the learner's schedule - as long as the course is completed by the end of the semester. Introductory comments, course information, and announcements are posted under NEWS on the D2L course homepage. The entire course plan is shown under MATERIALS> CONTENT. Navigation through the course is linear, starting at the top of the CONTENT menu and running downward to the last module (Week 14 for summer sessions and Week 15 for fall and spring sessions) . Discussion forums are reserved for questions directed at the faculty. Most other information is included under NEWS on the course home page, within the first several modules on the CONTENT page, or within the subsequent study modules. Modules on the CONTENT page are either informational (e.g., Syllabus) or instructional. The Instructional Modules are assigned by week and by chapter of the online text. Chapters of the online teX1are embedded in their respective instructional modules. There is no separate teX1. Each Instructional Module contains preliminary information and a Learning Module that contains study materials and interim quizzes. Study materials are divided into sections. Each section is followed by a short quiz. Each quiz has a required minimum score that opens a gate to the neX1 study section. A score less than the minimum automatically returns the learner to the head of that section for review study and a second attempt at the end-of-section quiz. A score greater than the required minimum allows the learner to move forward to the next study section. Otherwise, the learner repeats the section until the material is mastered and the end-of-section quiz is passed. Each Instructional Module is closed by an exam on that module's material. The course has no Final Exam. All study materials within the course are available from Day 1.
- Identify and assess the effects of macro and micro factors on your personal financial situation;
- Formulate a personal financial plan;
- Discriminate between assets and liabilities; saving, gambling, and investing; debt and equity; and earned and passive income;
- Compute Present Value and Future Value of lump sums and cash flows;
- Formulate a personal budget containing savings and credit strategies;
- Identify and implement legal methods for minimizing personal taxes (tax strategies);
- Formulate and implement a personal, sustainable consumer strategy;
- Formulate a personal asset protection program that includes appropriate insurances;
- Discriminate between savings and true investments;
- Evaluate your personal emotional and biased attitudes toward money and investing;
- Identify and evaluate mutual fund candidates for your personal investment portfolio;
- Formulate and implement a response plan for receiving and managing a windfall;
- Assess options for avoiding student debt for your college-bound children; and
- Formulate a personal financial response plan for surviving hard times.