FIN 341 Personal FinanceMEF UniversityDegree Programs PsychologyGeneral Information For StudentsDiploma SupplementErasmus Policy Statement
Psychology
Bachelor Length of the Programme: 4 Number of Credits: 240 TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF: Level 6

Ders Genel Tanıtım Bilgileri

School/Faculty/Institute Faculty of Economics, Administrative and Social Sciences
Course Code FIN 341
Course Title in English Personal Finance
Course Title in Turkish Bireysel Finans
Language of Instruction EN
Type of Course Flipped Classroom
Level of Course Seçiniz
Semester Fall
Contact Hours per Week
Lecture: 3 Recitation: Lab: Other:
Estimated Student Workload 132 hours per semester
Number of Credits 5 ECTS
Grading Mode Standard Letter Grade
Pre-requisites None
Expected Prior Knowledge Basic knowledge of day-to-day business terminology
Co-requisites None
Registration Restrictions Only Undergraduate Students
Overall Educational Objective
Course Description An overview of personal and family financial planning with an emphasis on financial recordkeeping, planning your spending, tax planning, consumer credit, making buying decisions, purchasing insurance, selecting investments, and retirement and estate planning.
Course Description in Turkish Kişisel ve ailevi mali planlamanın genel bir özeti, mali kayıtların tutulması, harcama planlama, vergi planlaması, tüketici kredisi, satın alma kararları, sigorta satın alma, yatırım seçeneklerini belirleme ve emeklilik ile miras planlaması üzerinde durulmaktadır.

Course Learning Outcomes and Competences

Upon successful completion of the course, the learner is expected to be able to:
1) Understand the fundamentals of personal and family financial planning
2) Demonstrate knowledge of effective financial recordkeeping practices
3) Come up with and implement a budget for personal and family finances
4) Understand different investment options and strategies and select investments based on financial goals and risk tolerance.
5) Analyze and evaluate consumer credit options, including loans and credit cards, and make informed decisions
6) Make informed buying decisions based on financial considerations
Program Learning Outcomes/Course Learning Outcomes 1 2 3 4 5 6
1) Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology.
2) Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation.
3) Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes.
4) Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts.
5) Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline.
6) Internalization and dissemination of professional ethical standards.
7) Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences.
8) Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level).
9) Recognition, understanding, and respect for the complexity of sociocultural and international diversity.
10) Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement.
11) Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses.
12) Ability to acquire knowledge independently, and to plan one’s own learning.
13) Demonstration of advanced competence in the clarity and composition of written work and presentations.

Relation to Program Outcomes and Competences

N None S Supportive H Highly Related
     
Program Outcomes and Competences Level Assessed by
1) Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. N
2) Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. N
3) Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. H Exam,HW,Participation
4) Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. N
5) Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. N
6) Internalization and dissemination of professional ethical standards. N
7) Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. N
8) Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). N
9) Recognition, understanding, and respect for the complexity of sociocultural and international diversity. S Participation
10) Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. S HW,Participation
11) Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. N
12) Ability to acquire knowledge independently, and to plan one’s own learning. S Exam,HW
13) Demonstration of advanced competence in the clarity and composition of written work and presentations. H Exam,HW
Prepared by and Date ,
Course Coordinator MERVE ÖZ
Semester Fall
Name of Instructor Prof. Dr. SEMEN SON TURAN

Course Contents

Week Subject
1) An introduction to financial planning; career planning (Ch 1,2)
2) Financial records and budgeting (Ch 3)
3) Financial services (savings and checking accounts; online, app banking) (Ch 5)
4) Consumer credit (Ch 6,7)
5) Consumer purchasing (Ch 8)
6) Exam 1 in class
7) Housing (Ch 9)
8) Home and Automobile Insurance (Ch 10)
9) Healthcare and Medical Insurance (Ch 11)
10) Life Insurance (Ch 12)
11) Investing fundamentals (Ch 13)
12) Investing in mutual funds, real estate, other investments (Ch 16, 17)
13) Retirement Planning (Ch 18) Estate Planning (Ch 19)
14) Exam 2 in class
15) Final Examination Period
16) Final Examination Period
Required/Recommended Readings
Teaching Methods
Homework and Projects
Laboratory Work
Computer Use
Other Activities
Assessment Methods
Assessment Tools Count Weight
Attendance 1 % 10
Homework Assignments 1 % 20
Presentation 1 % 10
Midterm(s) 1 % 30
Final Examination 1 % 30
TOTAL % 100
Course Administration

ECTS Student Workload Estimation

Activity No/Weeks Hours Calculation
No/Weeks per Semester Preparing for the Activity Spent in the Activity Itself Completing the Activity Requirements
Course Hours 14 2 2 2 84
Homework Assignments 2 12 2 28
Midterm(s) 2 8 2 20
Total Workload 132
Total Workload/25 5.3
ECTS 5