BUSI 220 - Principles of Finance

Credit Hours: 3
Lecture Hours: 3
Laboratory (or Other) Hours: 0

Other Course Attribute(s): AATE, APPR, BUSI, GMCM, ITTE

Prerequisite(s): ACCT 115
This course introduces students to the organization and operation of American banking and financial institutions, sources of funds, the practical aspects of money, and short- and long-term credit for consumers and small businesses. Emphasis is given to personal finance topics including budgeting, time value of money and risk, short and long term financial goals, taxation, insurance, consumer credit and dealing with indebtedness. Discussion of related happenings, issues, trends, etc. is entered into as they occur.

Student Learning Outcomes of the Course:

Explore and develop personal financial planning goals
Compare and contrast the cost of different types of financing, including installment, simple interest, and mortgage loans
Compute and evaluate the present and future values of lump sum amounts and annuities
Calculate the cost of auto, home, and life insurances
Comapre and contrast investments in different types of stocks and bonds

Repeatable: No
CIP Code: 520801