FIN 205 - Theory and Practice of Personal Finance

This course begins with an overview of the evolution and critical events in the development of society's consumptive mindset. Critical thinking and economic analysis are applied at an individual level, in the spirit of Adam Smith's "invisible hand." Students are exposed to a wide variety of personal financial choices as a way of connecting individual risk-taking with potential threats to democracy and American society. The dynamics between individual utility maximazation, social responsibility, and ethical behavior are explored. Knowledge of financial products, analytical tools and critical thinking skills are cultivated in the context of setting goals and measuring progress, managing taxes, basic asset management, credit management, risk management, investing, and estate and retirement planning.

Credit hours: 3.0

Last updated: 05/28/2019