Course Details
Course Code:
PFIN 050
Calendar Description:
A course designed to improve money management and investing skills.
Date First Offered:
2007-09-04
Hours:
Total Hours: 30
Lecture Hours: 1
Laboratory Hours: 1.5
Total Weeks:
12
This course is offered online:
No
Pre-Requisites:
MATH 030 Intermediate Mathematics, or instructor's permission
Non-Course Pre-Requisites:
None
Co-Requisites:
None
Rearticulation Submission:
No
Course Content:
Personal Finance and Investing
1. Net Worth Statements
- assets
- liabilities
2. Budget preparation
-income
-expenses
3. Stocks
-defining
-classifying
4. Stock Market
-trends
-buying and selling
5. Fixed Investments
-bonds
-G.I.C.'s
6. Risk Tolerance
7. Mortgages
-closed
-open
8. Wills
9. Tax Implications
-interest
-capital gains
10. 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%)
Grading Weight:
Final Exam: 20 %
Assignments: 50 %
Portfolio: 30 %
Number of Assignments:
10
Writing Assignments:
There will be a number of lab-like assignments related to the development of financial skills.
Percentage of Individual Work:
80
Percentage of Group Work:
20
Course Offered in Other Programs:
No
Additional Comments:
I would welcome students auditing the course
Supplies:
Newspaper, personal information, and access to the library.
Keys to Success:
A major proportion of the mark will depend on assignments being completed.
Text Books:
Required - n/a, A series of 10 worksheets/assignments will be provided. Students will need access to a newpaper, personal information and access to the library.