An introduction to the economics of life-saving and investing decisions. Includes an introduction to financial institutions involved in saving and investing, operation and properties of stock, bond, and real estate markets, the role of tax laws and practices in life-saving and consumption decisions, time value of money principles, saving to achieve personal goals, rate of return and risks of alternative investments.
Prerequisite Courses
Prerequisites
(LIBR 150 may be taken concurrently).
Course Outcomes
After successfully completing the course, the learner will be able to:
- Know how to take a life-cycle approach to income planning.
- Appreciate the role of personal choice in financial well-being.
- Understand the tax consequences of individual decisions.
- Understand how consumer credit is awarded and how it should be used.
- Know the role of health and disability insurance.
- Understand the different types of life insurance.
- Be knowledgeable about personal-retirement saving.
- Have a basic understanding of estate planning.
- Think critically about public policies that affect individual financial behavior,