Information Package / Course Catalogue
| Electrical and Electronics Engineering | |||||
| Bachelor | Length of the Programme: 4 | Number of Credits: 240 | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF: Level 6 |
ECTS Course Information Package
| 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 | Introductory | |||||
| Semester | Fall | |||||
| Contact Hours per Week |
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| Estimated Student Workload | 132 hours per semester | |||||
| Number of Credits | 5 ECTS | |||||
| Grading Mode | Standard Letter Grade | |||||
| Pre-requisites | None | |||||
| Co-requisites | None | |||||
| Expected Prior Knowledge | Basic knowledge of day-to-day business terminology | |||||
| Registration Restrictions | Only Undergraduate Students | |||||
| Overall Educational Objective | To learn to understand the basic concepts of finance and how to apply them to day-to-day decision making. | |||||
| 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 Learning Outcomes and CompetencesUpon 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) An ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics | ||||||
| 2) An ability to apply engineering design to produce solutions that meet specified needs with consideration of public health, safety, and welfare, as well as global, cultural, social, environmental, and economic factors | ||||||
| 3) An ability to communicate effectively with a range of audiences | ||||||
| 4) An ability to recognize ethical and professional responsibilities in engineering situations and make informed judgments, which must consider the impact of engineering solutions in global, economic, environmental, and societal contexts | ||||||
| 5) An ability to function effectively on a team whose members together provide leadership, create a collaborative and inclusive environment, establish goals, plan tasks, and meet objectives | ||||||
| 6) An ability to develop and conduct appropriate experimentation, analyze and interpret data, and use engineering judgment to draw conclusions | ||||||
| 7) An ability to acquire and apply new knowledge as needed, using appropriate learning strategies |
Relation to Program Outcomes and Competences
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | An ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics | N | |
| 2) | An ability to apply engineering design to produce solutions that meet specified needs with consideration of public health, safety, and welfare, as well as global, cultural, social, environmental, and economic factors | S | Participation |
| 3) | An ability to communicate effectively with a range of audiences | S | Participation |
| 4) | An ability to recognize ethical and professional responsibilities in engineering situations and make informed judgments, which must consider the impact of engineering solutions in global, economic, environmental, and societal contexts | N | |
| 5) | An ability to function effectively on a team whose members together provide leadership, create a collaborative and inclusive environment, establish goals, plan tasks, and meet objectives | S | Participation |
| 6) | An ability to develop and conduct appropriate experimentation, analyze and interpret data, and use engineering judgment to draw conclusions | N | |
| 7) | An ability to acquire and apply new knowledge as needed, using appropriate learning strategies | S | Participation |
| Prepared by and Date | SEMEN SON TURAN , September 2023 |
| Course Coordinator | CEYHAN MUTLU |
| Semester | Fall |
| Name of Instructor |
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 | Required: Personal Finance 13th edition by Kapoor et al. McGraw Hill. | |||||||||||||||||||||
| Teaching Methods | Videos, power point presentations for each session, cases. The students are expected to come each session having read and watched the course material. The course involves cases, quizzes, homework, and exams. Students are expected to engage in the class discussion and apply the knowledge acquired in a team setting. | |||||||||||||||||||||
| Homework and Projects | Homework, if assigned, must be submitted on time and in the requested format. Quizzes/in-class exercises may or may not be announced and can be cumulative in terms of coverage or may cover material from the upcoming topic only. Missed homework and missed quizzes will result in a score of 0. | |||||||||||||||||||||
| Laboratory Work | None | |||||||||||||||||||||
| Computer Use | Each session requires use of Blackboard; therefore, use of a computer is a must. | |||||||||||||||||||||
| Other Activities | Guest speakers may be invited for giving practical aspects of related theoretical concepts. | |||||||||||||||||||||
| Assessment Methods |
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| Course Administration |
sons@mef.edu.tr In this course, active participation is key to learning and applying. Thus the grading of the class participation will be done based on the quality of active student participation and contribution to in-class activities. Students are expected to attend all sessions and be in class on time. When they can not attend due to a sickness (which should require a report from a full facility hospital) or an excuse accepted my MEF regulations, they should inform the instructors by mail. As the feedback and questions are very valuable for making the course a distinctive learning experience, students may visit the instructors during office hours or send e mails, for any course related issues. Academic dishonesty and plagiarism will be subject to the YÖK disciplinary regulation. |
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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 | ||||||