B.C.'s Energy College


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PFIN 050 – Personal Finance and Investing

A course designed to improve money management and investing skills.

 

Hours: 30 (Lecture Hours: 1; Laboratory Hours: 1.5)

 

Total Weeks: 12

 

Prerequisites:
MATH 030 Intermediate Mathematics,

OR Instructor's permission 

 

Non-Course Prerequisites:
None

 

Co-requisites:
None

 

Course Content:
Personal Finance and Investing
- Net Worth Statements
   Assets
   Liabilities
- Budget preparation
   Income
   Expenses
- Stocks
   Defining
   Classifying
- Stock Market
   Trends
   Buying and selling
- Fixed Investments
   Bonds
   G.I.C.'s
- Risk Tolerance
- Mortgages
   Closed
   Open
- Wills
- Tax Implications
   Interest
   Capital gains

- Creating a personal investment portfolio

 

Learning Outcomes:
The student will be able to:
- Demonstrate an understanding of assets
- Demonstrate an understanding of liabilities
- Prepare a financial statement
- Demonstrate an ability to predict income and expenses
- Prepare a monthly and yearly personal budget
- Calculate depreciation and inflation
- Correctly answer the three types of percentage problems
- Restate how companies issue stock
- Demonstrate the difference between preferred and common stock
- Demonstrate an understanding of how stocks are bought and sold
- Develop a portfolio of stocks and show weekly activity
- Analyze the essence of mutual funds
- Describe the technical ratios used in analyzing stocks
- Demonstrate reading and comprehending of stock quotations from a newspaper
- Express types of bond offerings
- Compare government to industry bonds
- Calculate simple and compound interest
- Manipulate the interest formulae
- Demonstrate an understanding of the future market
- Demonstrate an understanding of risk tolerance
- Compare the different types of mortgages
- Demonstrate an understanding of credit ratings
- Predict the implications of bankruptcy
- Model how pensions are calculated
- Compare private to government pensions
- Research the Canadian taxation system
- Analyze the impact of taxes on various forms of investments
- Examine net earnings to gross earnings
- Demonstrate an appreciation and understanding of the difference in taxation between dividend and capital gains

- Design a personal investment portfolio

 

Grading System: Pass/Fail

 

Passing Grade: Pass (50%)

 

Text Books: 
Textbooks are subject to change. Please contact the bookstore at your local campus for current book lists.
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