COURSE OUTLINE OF FINANCE

 

  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

1

 

 

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

3

2 

 

 

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

4

 

 

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

5