ECON 332 Saving and Investing3 hours credit –An introduction to the economics of lifetime saving and investing decisions. Includes introduction to financial institutions involved in saving and investing, operation and properties of stock, bond, and real estate markets, role of tax laws and practices in life time saving and consumption decisions, time value of money principles, saving to achieve personal goals, rate of return and risks of alternative investments.
LEARNING OUTCOMES
When you have completed this course you will:
- Know how to take a life-cycle approach to income planning
- Appreciate the role of personal choice in financial well-being
- Understand the tax consequences of individual decisions
- Understand how consumer credit is awarded and how it should be used
- Know the role of health and disability insurance
- Understand the different types of life insurance
- Be knowledgeable about personal-retirement saving
- Have a basic understanding of estate planning
- Think critically about public policies that affect individual financial behavior