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Welcome to Principles of Finance. Dr. Coty Keller St. Joseph’s College. Things to know. Outcomes Learning methods Grade formula Attendance policy Book Details. General Outcome.
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Welcome to Principles of Finance Dr. Coty Keller St. Joseph’s College Intro to Principles of Finance
Things to know • Outcomes • Learning methods • Grade formula • Attendance policy • Book • Details Intro to Principles of Finance
General Outcome Learn how to use financial management “thinking” for problem-solving and decision-making in your personal and professional roles: • As a manager/owner in Small business • Manager in a corporation • Family member Intro to Principles of Finance
Specific Objectives • Use time value of money concepts to calculate essential financial problems (mortgages, how much to save, investment growth, inflation’s impact, etc) • Use financial statements to evaluate situations and plan for the future • Use discounted cash flow analysis to help make important decisions (undertake a project, lease versus buy, buy-outs, divorce settlements, retirement schemes) Intro to Principles of Finance
More objectives • Take taxes into account in your decision-making • Balance risk and return in your decision-making • Manage debt • Manage risk with behavior changes and insurance Intro to Principles of Finance
Learning Methods • We will use active (students centered) learning methods • Brief lectures, but • For the most part expect to be engaged in exercises, games, projects and case discussions Intro to Principles of Finance
We will use teams • Expect a combination • collaborative work (the ability to work effectively as part of a team is one of the most valued skills in the workplace) and • individual effort (each student must demonstrate their own decision making skills). Intro to Principles of Finance
Technology is part of life Technology is important in real world business, so we use it in the curriculum. We do this by the use of personal computers to help solve problems and exercise decision-making. We also use the Internet to share information and exchange ideas. Intro to Principles of Finance
Activity Percent of Grade Home Work & Class work 25% Team Work 25% Project 25% Exams 25% Grade Formula Intro to Principles of Finance
Home Work & Class Work Problems, Exercises and Worksheets (from Text). you will be assigned some of them in the agenda. They should be done before class Brief Collaborative Quizzes (BCQs). A BCQ is a quiz on the day’s material. You can use notes and the text. You are encouraged to confer with classmates in answering. The BCQ will take 5-10 minutes at the end of any class. You should expect to see a BCQ any day. BCQs cannot be made up. Intro to Principles of Finance
Teamwork • You will be assigned to a team for the semester. • Teams will have chances to work together to solve problems and analyze cases during the semester. • Grades you achieve on these problems/cases will count towards your teamwork score. • Part of your mid-term score (25%) will be assigned by your teammates through a confidential peer evaluation. Intro to Principles of Finance
Project • Individual projects are the graduation exercise • Objective = use one or more of the course concepts in real life. • For example, you may do an analysis of leasing versus buying a car. • You can evaluate whether to re-finance a personal mortgage or a company debt. • Another good project is to create a budget for your job, family or church/synagogue. • Written submission of your report should be 2-5 pages, exclusive of tables and figures. You will present your project orally to the class. Intro to Principles of Finance
Exams The mid-term and final exams are individual, open book efforts. You can/should use the laptops, and/or calculator. It will have the same kinds of problems you see on the BCQs and the teamwork cases/problems. Intro to Principles of Finance
Because so much of the learning takes place during class time, we have a no-cut policy. Prompt attendance is expected. Keep in mind that BCQs cannot be made up In event of emergency that prevents you from attending, please notify your teammates and the instructor Attendance Policy Intro to Principles of Finance
The “Book” Principles of Finance is an e-Book, compiled from a personal finance and business finance book. Two options: Online viewing: allows you to view your e-Book from any computer that has a live Internet connection-a plug-in is required. We have the plug-in installed on the classroom laptops. This is a good option for our BUS 219 class since we use laptops in class and on exams. e-book Download: purchasing an e-Book file, but it is locked to the desktop of your individual computer Intro to Principles of Finance
The Devil is in the Details • Break out laptops now • Check out course outline, especially • What you need • Grading Criteria • Key dates • Agenda -what you need to prepare for each class • Please don’t kill trees Intro to Principles of Finance
Got it? • Outcomes • Learning methods • Grade formula • Attendance policy • Book • Details Intro to Principles of Finance