Standard

FIN 191 – Introduction to Finance

Course Description:

 

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. 

 

Competency Areas:

Hours:

 

 

 

Financial Systems of the United States

Class

5

Business Finance Management

D. Lab

0

Financing of Other Sectors of the Economy

P. Lab/O.B.I.

0

Time Value of Money

Credit

5

 

 

 

Prerequisite/Corequisite:  None

 

 

 
Course Guide

 

Competency

After completing this section, the student will:

Hours

Class

D. Lab

P. Lab/

O.B.I.

FINANCIAL SYSTEMS OF THE UNITED STATES

12

0

0

Introduction

Define finance.

 

 

 

 

Define financial functions in our economy.

 

 

 

Financial institution development

Discuss the development of financial institutions and intermediaries in our society.

 

 

 

Monetary system

Describe the monetary system of the United States.

 

 

 

Banking system

Describe the structure and operation of the banking system in the United States.

 

 

 

Federal Reserve System

Describe the Federal Reserve System of the United States.

 

 

 

Savings and investment

Discuss the savings and investment process in our economy

 

 

 

BUSINESS FINANCE MANAGEMENT   

16

0

0

Business financial management

Define business financial management functions.

 

 

 

Financial planning and working capital management

Discuss the concepts and principles behind financial planning and working capital management.

 

 

 

 

Business financing sources

 

Define short-term and long-term sources of business financing.

 

 

 

 

Fixed asset management

 

Discuss the concepts and principles behind fixed asset management.

 

 

 

 

Long-term debt and equity financing

Discuss the concepts and principles behind long-term debt and equity financing.

 

 

 

 

Markets

 

Define markets for long-term business funds.

 

 

 

FINANCING OTHER SECTORS OF THE ECONOMY

14

0

0

Financing concepts and principles

 

Discuss financing concepts and principles for other sectors of the economy (e.g., government financing and consumer financing.

 

 

 

TIME VALUE OF MONEY

8

0

0

Time Value of Money

Discuss the concept of the time value of money

 

 

 

 

Suggested Resources

 

Books:

 

Finance, Introduction to Institutions, Investments, and Management, 10th edition, South-Western College Publishing, by Ronald W. Melicher and Edgar A. Norton, 2000.