Bennie Waller wallerbd@longwood 434-395-2046

Bennie D Waller, Longwood University

FINA 250Economics and Personal Finance

Bennie Waller

[email protected]

434-395-2046Longwood University

201 High StreetFarmville, VA 23901

mailto:[email protected]


Personal Finance

The development of this course was partially funded by an education grant from Dominion


This course will be;

Incredibly rewarding, if you allow it to be Information and knowledge that will follow you and

impact you throughout life

Challenging Satisfies a MATH goal It is onlineTaught in summer school


The GREAT news is that I am 100% confident that each one of you can be successful in this course if you choose to be.

Persistence, tenacity and great attitude will be required. DISCIPLINE: The ability to forego today what many can have to have

tomorrow what so few can.

I will work as hard as you.Make an effort. Do some researchThen ask good questions.


Review of syllabus Be sure that you fully understand the syllabus, course

requirements and deadlines. All communication will be via live.longwood.edu accounts

COURSE:

Finance 250

INSTRUCTOR:

Dr. Bennie D. Waller

OFFICE:

Hiner Building, Room 106

PHONE: (434) 395-2046

EMAIL: [email protected]

OFFICE HOURS: By appointment

mailto:[email protected]


Course deadlinesTopic Assignment DueEconomics 6/23/2013Financial planning, choice of career and earning potential 6/23/2013The impact of taxes on income/tax planning 6/23/2013Financial statements and budgeting 6/23/2013Understanding the role of financial institutions and cash management 6/23/2013

Exam 1 6/23/2013 Time Value of Money 6/30/2013Consumer Loans 6/30/2013Understanding credit - credit card, problems, reports and scores 6/30/2013Buying a home or automobile 6/30/2013Insurance 6/30/2013Exam 2 6/30/2013 Saving/Investing 7/10/2013Stocks 7/10/2013Bonds 7/10/2013Comparison shopping /consumer protection/contracts 7/10/2013Retirement and estate planning 7/10/2013Final Exam 7/10/2013Projects due 7/11/2013


Personal Finance All online assignments will be administered through Canvas.

For all online assignments you may use any source that you have available. However, you may NOT work in conjunction with or communicate with others.

Given that you may work ahead, answers to quizzes and/or exams will be made available only after the deadline has passed. Be proactive, look up answers to questions missed!

The Final Exam will be given on July 10 at Longwood or in an approved proctored environment prior to deadline.


Personal Finance Student evaluation - Students will be evaluated on his/her

performance on quizzes, examinations and projects.

Numerical Grade Letter Grade

90 and above A

80-90 B

70-80 C

60-70 D

Below 60 F

Project 10%

Quizzes 10%

Exam 1 20%

Exam 2 20%

Final Exam 40%


Personal Finance

There will be NO EXCEPTIONS for technical issues such as lost internet connections, power outages, or any other issues relating to assignment deadlines.

I would suggest that all other programs be turned off before starting a quiz or exam. If an assignment is missed, regardless of reason, there will be no make-ups allowed. This does include exams.

I would recommend NOT waiting until the last minute to complete assignments as it is incredibly risky, something that this class should teach you to minimize.


Personal Finance MAKE-UP POLICY: There will be no make-ups allowed for

any work.

ACADEMIC INTEGRITY/HONOR CODE POLICY: Cheating in any form will not be tolerated. If the instructor determines that a student has cheated on an assignment, the grade of “F: may be assigned for the assignment or the entire course.

PROJECT: Your project will consist of an analysis in terms of buying a home based on a given career. You should include calculations and provide an explanation. You will also write a paper/report as to how your lifestyle impacts your financial situation.


Personal Finance

http://159.230.5.3/faculty/bwaller/cfr/dual/index.htm


Personal Finance

Longwood University suggest using Google Chrome for Canvas

http://canvas.longwood.edu/


Personal Finance

BREAK


Personal Finance

Student introductions


10 Principles of Personal Finance

1.The best protection is knowledge2.Have a plan3.Understand Time value of money4.Understand taxes5.Expect unexpected (liquidity)6.Differentiate wants from needs7.Protect yourself8.Understand risk relative to return9.Don’t play financial mind games10.Pay yourself first


Personal Finance


Earnings by majors


What determines Income?• Skills, education and martial status.


Personal Finance

Spreadsheet from BLSSpreadsheet


Personal Finance


Personal Finance

Time Value of MoneyTVM Spreadsheet

TMV Magic


Personal Finance


Personal Finance

Financial TriviaFinancial Trivia

Etiquette Trivia

Paycheck Trivia

Spending Trivia

Financial Football

Financial Soccer

http://www.practicalmoneyskills.com/games/trainingcamp/ff/

http://www.financialsoccer.com/


Personal Finance


Thank You

Bennie Waller wallerbd@longwood 434-395-2046

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