UNIVERSITY FAR EASTERN UNIVERSITY FEU FERN COLLEGE- DEPARTMENT OF ACCOUNTS &BUSINESS AY 2013-2014, Term 1 | CURRICULUM INSTRUCTIONAL GUIDE FINANC1 PRINCIPLES OF FINANCE BUSINESS MATH
I. COURSE CODE: II. COURSE TITLE: III. PREREQUISITE: III. COURSE DESCRIPTION:
This course deals with the principles and theories of finance. This should be able to provide a solid background for the students to appreciate the concepts of individual, business finance and different structures that provide means to achieve goals of individuals and business. IV. COURSE CREDIT: V. COURSE OBJECTIVES:
3 UNITS
At the end of the semester, students are expected to be familiar with the concepts of money, credit and banking and have a firm foundation and application of using different financial instruments such as bank cards, checks, loans and other financial instruments. Where they can practice this immediately and apply in daily lives. In addition to the familiarization of the content and understanding of the concepts, the students are also expected to: 1. Embody an attitude of a cost-efficient corporate individual 2. Recognize that finance, as in any other business discipline, must be used ethically. 3. Limit and modify from their unnecessary spending habits 4. Experience financial transactions by themselves through use of different banking channels such as deposits, withdrawals and online transactions. 5. Apply and integrate learned lessons to their field of specialization VI. COURSE REQUIREMENTS:
Attendance, Financial Plan, Quizzes, Class Participation
VII. COURSE GRADING SYSTEM: Item
Gross Grade
% of Grade
100 pts *20%
20 points max
Midterm Exam
100 pts *20%
20 points max
Final Class Standing
100 pts *30%
30 points max
100 pts *30%
30 points max
Midterm Class Standing (Class participation, Quizzes, Project/Output )
(Class participation, Quizzes, Project)
Final Exam Bonus points: reaching your SMART Financial Goal
Total 100%
Curriculum Guide, Principles of Finance Neal Nikko Espejo, Far Eastern University- FERN College, Accounts & Business Department For rubrics: http://nealnikko.blogspot.com/ attachments:
[email protected] | Urgent concerns: +63-922-808-7255
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RUBRIC: CRITERIA
EXEMPLARY 4
SATISFACTORY 3.0
DEVELOPING 2.0
BEGINNING 1.0
Correct analysis
Is able to link all concepts
Is able to link most concepts
Is able to link only the basic
Not able to link or analyze any
correctly
correctly
concepts.
concept.
This rubric varies based on the type of activity. Attendance is not a part of the grading system; though CHED requirements of not attending of at least 9 hours (5 meetings of 2 hours each) for 3-unit subject will automatically fail the student. VIII. REFERENCES: Money, Credit and Banking, 6th Edition, (Laman & Laman) Professor Rosemarie Gardiner-Buenconsejo, Far Eastern University-Manila (for the topics) Other lectures, Neal Espejo, https://www.dropbox.com/sh/r2jdq47czqh2ks1/kFpUD7LHpm Banko Sentral ng Pilipinas website website http://bsp.gov.ph/ ABS-CBN News.com business section (for news, exchange rates, and stock market updates) IX. COURSE OUTLINE Topics
Orientation
Skills Specific Objectives Place ment*
Strategies
C2 A2
Discuss and respond to that students’ concern about finance to achieve better class cooperation in the next meeting
P3 & P1
To recognize and identify standards adjust topics that are more related to different business disciplines
students share what they like and don’t like to meet the expectations between the teacher and students
Activities
Instructional Materials
discussion identifying targets and expectations
markers
Students will discuss/ share their prior knowledge and/or something that they have
markers PC tablets and/or handouts
Time (hours)
2
Part I. MONEY
1. Evolution of Money and Barter -other related topics (economics, needs and wants;
C2 A2 P2
To summarize, and/or discuss what they have researched why barter existed and its inconveniences. To describe and show
More interactive class discussion for the students to
2
Curriculum Guide, Principles of Finance Neal Nikko Espejo, Far Eastern University- FERN College, Accounts & Business Department For rubrics: http://nealnikko.blogspot.com/ attachments:
[email protected] | Urgent concerns: +63-922-808-7255
2
key points why money was created
psychology (Maslow’s hierarchy of needs)
encourage the students develop teamwork (C2)
2. Characteristics of a good money Functions of money, coinage
C5 A5 P5
(Counterfeit currencies- How can we know if the money is fake?)
3. Monetary Standards and Systems (Classification, Gold Exchange and Fiat Standards)
C4 A4 P4
4. Philippines Numismatic History (related topics devaluation- economics) 5. Bangko Sentral ng Pilipinas Tour
6. Preparation/ Opening of a savings bank account and online account
C2 A2 P2
A4 P4 C3
To experience why money should have standards; to effectively design and develop skills of complying with the prescribed standards.
share what they have researched making it more encouraging them to express themselves and increase their confidence
Use students’ creativity to increase intrinsic motivation
Essential To correct/alter wrong question perceptions and (Why BSP distinguish the different doesn’t impacts of different produce monetary standards in money to pay all our circulation and its role in sustaining economic national debt?) progress
To summarize, and
Museum
discuss the major key points in the history of the Philippine currency for appreciation about the Philippines’ rich history.
experience for the students to discover more beyond theories and stories of the old currencies
To adapt to the requirements by the bank to prepare and to practice bank compliance
Ensure that all students will transact on their own
searched to the before coming to the classes
Group roleplay: “imaging the world today 2020 without use of money” (C3, A2 & P2)
roleplay; some props
2
Creating own currency following the monetary standards (rubrics will be used)
coupon bond, pencil, coloring materials, laptops
4
projector
2
Interactive discussion
Reflection paper about their field trip at BSP (if field trip will not be available) reporting and/or class interactive
discussion (students’ prior knowledge)
4-6
Projector (if not in BSP)
documents may that the bank may require
Curriculum Guide, Principles of Finance Neal Nikko Espejo, Far Eastern University- FERN College, Accounts & Business Department For rubrics: http://nealnikko.blogspot.com/ attachments:
[email protected] | Urgent concerns: +63-922-808-7255
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Part II. Banking 7. Personal Savings and Investment (includes different types of cards and loans, interest rates)
8. Banks (Philippine Financial System, Development in the Philippines, banking institutions and classification) p.164 p.209
9. Online Banking
10. Other financial intermediaries
11. Foreign Exchange p.272
III. CREDIT 11. Credit on a macroeconomic perspective (credit ratings, policies may befiscal included)
C1 A1 P1
C1/2 A1 P1
C4 A4 P4 (9-10)
C5 A4 P4
C4 A4 P4 (1112)
12. Classification and Nature of Credit
13. Promissory Notes, Credit cards and interest 14. Checks / Demand Deposit
C3 A3 P3 (1314)
To identify, enumerate and to realize the different types of banks and its different roles and functions
To identify and to realize the different types of banks and its different roles and functions
Practice the use of these intermediaries Synthesize its use and to improve research and presentation skills To develop skills to be wiser in using ForEx; To manipulate computations to be prepared for international future travel spending
To analyze the trends in investing in the country today. To build students confidence and change their wrong notions about the Philippine economy
To Differentiate, correct and distinguish the use of this financial instruments in different real-life situations
Students are Game: Projector “All Cards Up” encouraged Discussion, check to take students’ advance progress in reading for savings these topics to minimize Discussion dead air Projector while making (students’ prior knowledge from them more their prev. law/ prepared related before subjects) coming to classes
students are required to transact with the assigned intermediary Sharing from previous abroad travels
This also aims to level-up students’ essays. Increasing their research skill and for them to see others’ perspective
Discussion of different scenario in using these
Screen shots using their accounts
2
2
2
Group sharing
Projector/ Pictures for documenta
From real-world experience
tion
Exam (one currency per student)
Calculators
2
4
Reflection grounded on
speaker Projector/ video/ reflection
statisticsand/or and journals debate
from guided questions
4
Exams in different sets
Real checks and other available financial instruments
6
Curriculum Guide, Principles of Finance Neal Nikko Espejo, Far Eastern University- FERN College, Accounts & Business Department For rubrics: http://nealnikko.blogspot.com/ attachments:
[email protected] | Urgent concerns: +63-922-808-7255
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15. Stocks
C1/2 A1 P1
To identify and to realize the value of stocks and the opportunities on financial wealth
A talk from a manager in a financial institution
Discussion/ forum
Auditorium may be reserved if not available for class discussion
2-4
To critique/ evaluate
16. Credit on national/ macroeconomic level (Credit ratings, corporate governance, importance of anticorruption, and related issues and topics related to investment today)
C6 A6 P6
the current trends in the Philippines’ economic situation; embody the values of a corporate individual in using and helping the country in small ways using finance. Issues that may be discussed: Foreign ownership
As future business individuals this final activity aims to improve their research skills and integration of finance to their major course
The students will be given to accomplish any of the activities that they want based on their major that will be helpful for their next subject/s
Financial
Debate and/or Interactive
literacy
discussion
Putting up a financial institution/ micro financing
Business related to the financialeconomic situation in the country today
8-10
research Awareness campaign Minifeasibility studies (SWOT, market description, general plan, etc.)
* Using Using Bloom’s Taxonomy (an educational e ducational tool to improve assessment and instruction)
Curriculum Guide, Principles of Finance Neal Nikko Espejo, Far Eastern University- FERN College, Accounts & Business Department For rubrics: http://nealnikko.blogspot.com/ attachments:
[email protected] | Urgent concerns: +63-922-808-7255
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