ECON1310

Meets MN Transfer Curriculum Goal Area 9 - Ethical & Civic Responsibility. Personal finance is a major part of financial management. Individuals and families obtain, budget, save, and spend monetary resources over time while taking into account a variety of financial risks and future life changes. The content includes personal finance basics and career planning, financial statements and budgeting, consumer credit, the housing decision, investing one's resources and retirement planning. Personal finance gives students the ability to evaluate a wide range of financial decisions and to build an organized system for the future. Students will understand what it means to make responsible economic decisions and how these choices impact their personal and public life.Student Learning Outcomes

• Create personal financial goals.
• Evaluate factors that influence employment opportunities.
• Design a system for maintaining personal financial records.
• Compare the types of financial institutions.
• Examine issues of personal and civic responsibility.
• Apply ethical standards to economic decision making.
• Describe the concepts of voluntary decision making and responsibility as they relate to personal economic decisions.
• Describe the connection between personal economic choices and social issues which influence decision making.
• Demonstrate an understanding of consumer credit and alternatives to measurable debt.
• Analyze the advantages and disadvantages of major sources of consumer credit.
• Assess the importance of property and liability insurance.
• Explain the characteristics of mutual funds.
• Summarize the importance of retirement planning.