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Summer Fi302-106. Professor Jonathan HAndy. About Myself. Welcome To Finance 302! This is my second time teaching the full FI302 course, I have been a lab instructor for four semesters now.
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Summer Fi302-106 Professor Jonathan HAndy
About Myself • Welcome To Finance 302! • This is my second time teaching the full FI302 course, I have been a lab instructor for four semesters now. • I am a Third Year Finance Doctoral Student. My background is in economics from the University of Chicago. • My hobbies include cooking and boxing. I run a Christian Ministry at Vineyard Community church for College Students called, “The Outsiders.” • I have a pet bird (A GreencheekConure) named Dr. Greencheeks. (Doc)
About Yourself • Please tell me: • Your Name • Your College standing and your major • Why you chose this class • What you hope to pursue after graduating
Syllabus • You can find a copy of the class syllabus on my website: • http://bama.ua.edu/~jfhandy/courseinfo.html • A hard copy will be passed out during class. • A more general copy can be found on the eLearning course website.
Economics 101 • Let me begin with a brief economics lesson: • Scarcity: inadequate supply; dearth; paucity • Economics is very much a study of scarcity and how market participants react to incentives. • TANSTAAFL • “There ain’t no such thing as a free lunch.” Milton Friedman
Economics 101 Meets Fi302 • Opportunity Cost – The cost of the next best action a consumer could take. • (Remember alcohol consumption under 21 is illegal) • The choices you make this summer will directly impact your grade. As a college student you are required to balance your social life, your mental life, and your physical life. It has been my observation that due to the “scarcity” of time the mental life is often times the area most neglected.
Success At what cost? • This class requires WORK! Historically at the end of the Semester 30% of students have a non-passing grade. However, with proper preparation and sufficient time investment you can do well in this class. • I am here to help you. As we will discuss in the syllabus I am available by appointment and am happy to meet with you as often I am able. • There is a natural and logical consequence for unpreparedness. Be diligent, work hard, and enjoy success.
Syllabus - Teacher • Jonathan Handy, FI302-106 MTuWThF 10-11:45 a.m. BD117 • Email: jfhandy@crimson.ua.edu • Office hours: By Appointment only, BD341 G • DO NOT EMAIL MY eLEARNING ACCOUNT – it will not be checked
Syllabus – Required Text • Lessons about the Structure of Finance by Thomas Downs, • Pearson Custom Publishing, 2nd Edition, 2005, ISBN 0536915156. • Note: View the Learning Module nonprintable textbook at http://bama.ua.edu/~tdowns • I strongly recommend purchasing a hard copy of the book. I find reading material off the internet allows for too much distraction and is often unfruitful. Further, all class problems and page numbers will be in accordance to the most recent edition of the printed version. • The book is your portable professor – READ IT! Often times in response to a question I will first direct you to the book. • The book provides a solution to every problem within the book – THESE PROBLEMS ARE ANALOGOUS TO THE PROBLEMS ON YOUR EXAM.
SYLLABUS – Attendance Policies • Missing 2 or fewer classes, regardless of reason, adds a 3 point Timeliness factor to the Course Score. After 2 absences each additional missed class reduces your Timeliness factor by ¾ point. The maximum loss from absences is a 3 point reduction in Course Score. A signature sheet will be passed around each class to record attendance. A compilation of class attendance will be kept until the end of the semester. • Unless specifically mentioned THERE IS NO EXCEPTION to this policy. • Opportunity cost – missing class time is very costly during a summer course. Please make your choices wisely when considering how to spend your time. • Note: Fairness is NOT treating everyone equally, fairness is treating each individual as his/her effort deserves. I withhold the right at any time to allow exception to the attendance policy if it is warranted.
SyllaBus – Extensions, Incompletes, Add/Drop Policies • The usual university policies apply. Please see Class Syllabus for details.
Syllabus - Grades • The Weighted course average computes from performance assessments as follows: • 1. Exam 1 17.5% • 2. Exam 2 17.5% • 3. Exam 3 17.5% • 4. Exam 4 17.5% • 5. Wildcard for best exam score 10% • 6. Best 15-of-27 online Weighted quiz average (WQA) 10% • 7. Trading Game, Discussed in Separate Handout 10% • TOTAL Weighted course average (WCA) 100% • Use the scoresheethttp://bama.ua.edu/~fi302/fi302-fallspring-myscores.xls • All Grading is computerized – THERE IS NO ROUNDING
Syllabus – Grades • Quiz Policies: • All eQuizzes are available online in eLearning for the duration of the course. • There are 27 quizzes available – you may take each quiz four times. Your score consists of the average of your attempts. • The maximum 15 scores are included in your grade (i.e. at minimum you should attempt 15 quizzes) • DO NOT TAKE ALL QUIZZES AT ONE TIME. Diligence will make your life much easier. Studying for quizzes and several exams at the same time will yield much stress and likely low scores.
Syllabus - Grades • Exam Policies: • (1) Each exam is multiple choice format, 90 minutes in duration, and is accessible • online in eLearning. A formula sheet is provided during each exam, you may not bring • your own. Formula sheets are viewable in the Learning Module Resource Guide. • (2) For each exam you may submit from 1 to 3 online eExams. If several of the • same exams are submitted then only your best attempt determines the score. If none is • submitted the score is zero. • (3) You may request a paper exam for testdate times and places shown in • eLearning (see Course Information). You must request the paper exam at least 48 • hours before the testdate. You may be denied admission if you arrive more than 15 • minutes late or if you did not request one. • (4) Online eExams must be submitted in a proctored setting. On-campus you can • submit online tests at the C&BA TestLabwithout reservations. Just stop by when open, • see the schedule at http://bama.ua.edu/~fi302/proctorschedule.htm.
Syllabus - Grades To get a C-minus on exam 1, for example, requires getting 55 points out of 115, that is, 55 raw points convert to a score of 70. Likewise, 84 raw points convert to a score of 90 which is the A-minus cutoff.
Syllabus - Calculator • A Calculator is required for this class. I suggest the BAII Plus. Graphing calculators are not allowed, however I do suggest another calculator with a full screen to allow easier algebra calculation. • Note: If you were to study cooking at Le Cordon Bleu your classes would likely not revolve around pushing buttons on a microwave. Neither will this class focus on pushing buttons on a calculator. A calculator is required for the course and is incredibly useful, however it is simply a means to an end. The mathematical concepts and the intuition behind them will be a focus of the class. • Formula sheets will be provided for exams. It is important to have a good grasp of class formulas as the formula sheets are not exhaustive nor are they necessarily self-explanatory to someone with no grasp of the material.
Class Rules • Attendance – In order to receive attendance credit you must be in the room seated no later than 15 minutes after the start of class. Similarly, you may not leave class more than 15 minutes early. This is something that may happen sparingly. Life happens and people arrive late and need to leave early at times. Please do not take advantage of the policy. • Cell Phone - If they ring: Fine, no problem. Texting is not allowed. If I see you staring at your phone texting for a long period of time you will likely be asked to explain the concept to the class. My job is to teach you the material – texting is a hindrance to my job. If texting is too tempting turn your phone off. • Email me in advance if you wish to schedule an appointment for office hours. • If the class desires (and I can receive permission) I will arrange to have class last 30 minutes longer each class, for problem review, and cancel Friday class. A signature sheet will be passed around asking students whether or not they wish this to happen.
Trading Game Project • Project Documents available online. • I will discuss the Project Today during Class.
Class Resources • If you need help feel free to: • Turn to your book for help • Ask your classmates by posting on the discussion board • Use online practice problems • Use online practice test quiz and exam solutions • Last resort – Email Me