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Standard |
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£ R State Standard £ Developed College: |
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Course
Description |
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Provides
an introduction to financial markets, institutions, and management in
contemporary society. Emphasis is
placed on developing an understanding of the financial markets in which funds
are traded, the financial institutions participating in facilitating the
trade of such funds, and the financial principles and concepts behind sound
financial management. Topics
include: the financial systems of the
United States, business finance management, financing of other sectors of the
economy, and the time value of money. |
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Competency Areas |
Hours |
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Financial
Systems of the United States |
Class |
5 |
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Business Finance Management |
D.
Lab |
0 |
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Financing
of Other Sectors of the Economy |
P.
Lab/O.B.I. |
0 |
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Time
Value of Money |
Credit |
5 |
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Prerequisite: |
None |
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Corequisite: |
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Course
Guide |
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Competency |
After completing
this section, the student will be able to: |
Hours |
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Class |
D.Lab
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P.Lab/ O.B.I. |
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FINANCIAL
SYSTEMS OF THE UNITED STATES
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12 |
0
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0 |
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Introduction |
Define
finance. |
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Define
financial functions in our economy. |
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Financial institution development |
Discuss
the development of financial institutions and intermediaries in our society. |
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Monetary system |
Describe
the monetary system of the United States. |
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Banking system |
Describe
the structure and operation of the banking system in the United States. |
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Federal Reserve System |
Describe
the Federal Reserve System of the United States. |
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Savings and investment |
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BUSINESS
FINANCE MANAGEMENT
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16 |
0
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0 |
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Business financial management |
Define business financial management functions. |
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Financial planning and working capital management |
Discuss the concepts and principles behind
financial planning and working capital management. |
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Business financing sources |
Define short-term and long-term sources of
business financing. |
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Fixed asset management |
Discuss the concepts and principles behind fixed
asset management. |
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Long-term debt and equity financing |
Discuss the concepts and principles behind
long-term debt and equity financing. |
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Markets |
Define markets for long-term business funds. |
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FINANCING
OTHER SECTORS OF THE ECONOMY
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14 |
0
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0 |
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Financing concepts and principles |
Discuss financing concepts and principles for
other sectors of the economy (e.g., government financing and consumer
financing. |
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8 |
0
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0 |
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Time Value of Money |
Discuss the concept of the time value of money |
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Suggested
Resources |
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Print |
Brigham,
Eugene F., Houston, Joel F. Fundamentals of Financial Management,
Concise. Mason, OH: South-Western
College Publishing, 2008 (ISBN 978-0-324-66455-3) |
Template Updated: 08/20/08