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JOHN CABOT UNIVERSITY
COURSE CODE: "EXP 1023"
COURSE NAME: "Understanding and Managing Personal Finance"
SEMESTER & YEAR:
Spring 2024
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SYLLABUS
INSTRUCTOR:
Tobias Schildfat
EMAIL: [email protected]
HOURS:
FRI 9:00AM 1:00PM Course meets on: Feb 23, March 8, March 22, and April 5
TOTAL NO. OF CONTACT HOURS:
15
CREDITS:
1
PREREQUISITES:
OFFICE HOURS:
By appointment.
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COURSE DESCRIPTION:
Grading: This course will be graded on a PASS/FAIL scale
This course approaches the fundaments of personal finance as well as the overall philosophy of building financial wealth. Individuals can make a more educated choice in their investments and make decisions independently of financial services. The course is based on the financial principles that apply to the corporate world that can be extended to individuals. The course will cover the fundamentals of the stock market and traded stocks on a general level. Introduce P/E valuation, time value of money, ethical investments and effective altruism. In addition, the course will give the student a historic overview to understand the financial development of long-term investments in the stock market over decades. At the end of the course, students will be aware of the criteria to build a personal, profitable, and sustainable personal financial wallet.
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SUMMARY OF COURSE CONTENT:
Personal finance, personal welfare, financial choices, own financial wallet, financial services, stock market, corporate evaluation, Scandinavian financial markets.
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LEARNING OUTCOMES:
-Understand the stock market, stocks, time value of money and the power of accumulated yield such as dividends.
-Introduction to company valuation by using P/E-valuation, ethical investments and effective altruism.
-Show how to practically invest and create a financial wallet, e.g., a portfolio of stocks.
-Understand the difference between an asset and a liability.
-Acknowledge the psychological and behavioral side of investing.
-Appreciate the relevance of free cash flow and how it affects the possibility to invest. This includes the basics of savings, debts and taxes.
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TEXTBOOK:
| Book Title | Author | Publisher | ISBN number | Library Call Number | Comments | Format | Local Bookstore | Online Purchase |
| Loose Leaf for Personal Finance | Kapoor, J., Dlabay, L., Hughes, R.J. | McGraw Hill, 13th Edition | ISBN-13: 978-1260799781 | |
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REQUIRED RESERVED READING:
RECOMMENDED RESERVED READING:
| Book Title | Author | Publisher | ISBN number | Library Call Number | Comments |
| Corporate Finance and Investment: Decisions and Strategies | Pike, R., Neale, B., Linsley, P., Akbar, A. (2018) | Pearson, 9th edition | ISBN-10: 1292208546 | | |
| Focus on Personal Finance | Hart, M. Kapoor, J.R. Kapoor, Dlabay, L.R. Hughes, R.J. (2021) | McGraw Hill, 7th Edition | ISBN-10: 1264111975 | | |
| Personal Finance | Garman, E.T., Forgue R. (2017) | Cengage Learning, 13th edition | ISBN-10: 1337099759 | | |
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GRADING POLICY
-ASSESSMENT METHODS:
| Assignment | Guidelines | Weight |
| Class Participation | | 10 |
| Group project first presentation | | 25 |
| Individual report | | 30 |
| Group final presentation | | 35 |
-ASSESSMENT CRITERIA:
AWork of this quality directly addresses the question or problem raised and provides a coherent argument displaying an extensive knowledge of relevant information or content. This type of work demonstrates the ability to critically evaluate concepts and theory and has an element of novelty and originality. There is clear evidence of a significant amount of reading beyond that required for the course.
BThis is highly competent level of performance and directly addresses the question or problem raised.There is a demonstration of some ability to critically evaluatetheory and concepts and relate them to practice. Discussions reflect the student’s own arguments and are not simply a repetition of standard lecture andreference material. The work does not suffer from any major errors or omissions and provides evidence of reading beyond the required assignments.
CThis is an acceptable level of performance and provides answers that are clear but limited, reflecting the information offered in the lectures and reference readings.
DThis level of performances demonstrates that the student lacks a coherent grasp of the material.Important information is omitted and irrelevant points included.In effect, the student has barely done enough to persuade the instructor that s/he should not fail.
FThis work fails to show any knowledge or understanding of the issues raised in the question. Most of the material in the answer is irrelevant.
-ATTENDANCE REQUIREMENTS:
Attendance at lectures and participation in class discussion is strongly encouraged. Because the majority of the content of the course is covered in classes. The students will lose 10 percentage points in the total grade for each absence.
ATTENDANCE REQUIREMENTS AND EXAMINATION POLICY
You cannot make-up a major exam (midterm or final) without the permission of the Dean’s Office. The Dean’s Office will grant such permission only when the absence was caused by a serious impediment, such as a documented illness, hospitalization or death in the immediate family (in which you must attend the funeral) or other situations of similar gravity. Absences due to other meaningful conflicts, such as job interviews, family celebrations, travel difficulties, student misunderstandings or personal convenience, will not be excused. Students who will be absent from a major exam must notify the Dean’s Office prior to that exam. Absences from class due to the observance of a religious holiday will normally be excused. Individual students who will have to miss class to observe a religious holiday should notify the instructor by the end of the Add/Drop period to make prior arrangements for making up any work that will be missed. The final exam period runs until ____________
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ACADEMIC HONESTY
As stated in the university catalog, any student who commits an act of academic
dishonesty will receive a failing grade on the work in which the dishonesty occurred.
In addition, acts of academic dishonesty, irrespective of the weight of the assignment,
may result in the student receiving a failing grade in the course. Instances of
academic dishonesty will be reported to the Dean of Academic Affairs. A student
who is reported twice for academic dishonesty is subject to summary dismissal from
the University. In such a case, the Academic Council will then make a recommendation
to the President, who will make the final decision.
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STUDENTS WITH LEARNING OR OTHER DISABILITIES
John Cabot University does not discriminate on the basis of disability or handicap.
Students with approved accommodations must inform their professors at the beginning
of the term. Please see the website for the complete policy.
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SCHEDULE
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CLASS
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DATE
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TOPIC(S)
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1
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23/2/24
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Introduction to personal finance and building financial wealth.
Group project assignment. Individual report assignment.
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2
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8/3/24
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General understanding of the stock market.
Fundamentals of financial development of long-term investments and accumulated yield.
Stock markets and traded stocks. Fundamentals of building a stock portfolio. Introduce ethical investments and effective altruism.
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3
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22/3/24
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Introduction to corporate valuation, i.e., P/E valuation and the role of banks and financial organizations concerning financial services.
Group Project First Presentation.
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4
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5/4/24
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Introduction to assets and liabilities and the importance of free cash flow in terms of building personal wealth includingbasic aspects of savings, debts and taxes.
Individual report.
Group Project Final presentation.
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