This course is designed to provide the student with an introduction to risk and methods of insurance. The objective of this course is to enable the student to develop an understanding of the many types of exposure to loss, the alternative methods of treating such exposures, and the role of insurance in personal and business affairs. Consideration is given to the legal framework surrounding the insurance mechanism. In addition, the regulation of insurance is discussed.
FIN 151 - Risk Management and Insurance
FIN 190 - Personal and Consumer Finance
This course prepares students to understand and apply the fundamentals of personal finance management. Students will be able to assess their personal financial literacy, establish financial goals and develop a strategy to achieve desired personal finance goals. Topics covered include: budgeting, banking and financial transactions; consumer credit principles including maintaining and restoring credit, and current regulations and practices that govern consumer financial transactions; banking services and products including housing financing; personal insurance basics; investment basics and their application to retirement planning ; the role of financial counselors and required skills sets; financial planning for postsecondary education. This course will be open to students who are in or have placed into ENGL 098 or higher.