BUS 4530 - Personal Financial Planning

3 lecture hours 0 lab hours 3 credits

Course Description
This course investigates methods of obtaining, preserving, and increasing personal assets. Students will be exposed to techniques and strategies to develop an understanding of how to become financially responsible and to make intelligent financial decisions. Students will design personal and household budgets, simulate to use of a brokerage investment account, demonstrate knowledge of finance, debt, credit management, insurance, and taxes. The course will provide a foundational understanding for making informed personal financial decisions. (prereq: none)

Course Learning Outcomes
Upon successful completion of this course, the student will be able to:

Describe the importance of personal financial planning, and how to use personal financial statements in budgeting and cash flow management
Explain the various types of consumer credit available and demonstrate how to qualify and utilize those types of credit for major purchases such as automobiles and homes
Discuss the characteristics of property insurance, liability insurance, health insurance, and life insurance, and how to use those various types of insurance to protect against catastrophic financial losses
Demonstrate knowledge about stocks, bonds, and real estate investments and how these investments fit into retirement and estate planning
Apply knowledge of the United States tax code to financial decisions

Prerequisites by Topic

None

Course Topics

Financial planning process
Personal financial statements
Personal and household budgets
Credit and consumer loans
Large item purchasing strategies (home and automobile)
Property and liability insurance
Health insurance
Life insurance
Personal taxation
Investments
Retirement planning

Coordinator
Dr. Ken Dobbs

Announcement

The Raider Return

Milwaukee School of Engineering

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BUS 4530 - Personal Financial Planning