1. Economics and Personal Finance
Bennie Waller
Longwood University 201 High Street Farmville, VA 23901

2. Personal Finance
The development of this course was partially funded by an education grant from Dominion

3. 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 online
Taught in summer school

4. Persistence, tenacity and great attitude will be required.
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 research
Then ask good questions.

5. 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)
OFFICE HOURS:
By appointment

6. Course deadlines Topic Assignment Due Economics 6/23/2013
Financial planning, choice of career and earning potential
The impact of taxes on income/tax planning
Financial statements and budgeting
Understanding the role of financial institutions and cash management
Exam 1
Time Value of Money
6/30/2013
Consumer Loans
Understanding credit - credit card, problems, reports and scores
Buying a home or automobile
Insurance
Exam 2
Saving/Investing
7/10/2013
Stocks
Bonds
Comparison shopping /consumer protection/contracts
Retirement and estate planning
Final Exam
Projects due
7/11/2013

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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.

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Student evaluation - Students will be evaluated on his/her performance on quizzes, examinations and projects.
Project
10%
Quizzes
Exam 1
20%
Exam 2
Final Exam
40%
Numerical Grade
Letter Grade
90 and above A
80-90 B
70-80 C
60-70 D
Below 60 F

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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.

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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.

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Longwood University suggest using Google Chrome for Canvas

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BREAK

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Student introductions

15. 10 Principles of Personal Finance
The best protection is knowledge
Have a plan
Understand Time value of money
Understand taxes
Expect unexpected (liquidity)
Differentiate wants from needs
Protect yourself
Understand risk relative to return
Don’t play financial mind games
Pay yourself first

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17. Earnings by majors

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

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Spreadsheet from BLS
Spreadsheet

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Time Value of Money
TVM Spreadsheet
TMV Magic

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23. Financial Trivia Personal Finance Financial Trivia Spending Trivia
Paycheck Trivia
Etiquette Trivia
Financial Football
Financial Soccer

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32. Thank You