GENC3004 Personal Finance - 2024
Published on the 12 May 2024
General Course Information
Course Code : GENC3004 Year : 2024
Term : Term 2
Teaching Period : T2
Course Details & Outcomes
Course Description
The course introduces students from a non-fnancial background to the principles of
accumulating, managing and protecting wealth. The course covers the topics of tracking
expenses and preparing budgets, savings, buying on credit, securing a good job, buying a home, paying off mortgages faster, protecting yourself through using insurance, building wealth using superannuation, paying appropriate levels of tax and avoiding investment mistakes.
Course Aims
The aim of this course is to equip you with the knowledge and skills to make wise, lifelong fnancial decisions including:
· analysing your current situation and needs;
· establishing your own fnancial goals;
· developing a plan for the future; and
· choosing appropriate strategies and products to achieve that plan.
This course introduces you to the concepts of managing wealth and it forms part of the General Education program.
Relationship to Other Courses
This course introduces you to the concepts of managing wealth and it forms part of the General Education program.
Course Learning Outcomes
|
Course Learning Outcomes |
Program learning outcomes |
|
CLO1 : Develop a fnancial plan that provides you with a clear direction for your future. |
• PLO1 : Business Knowledge • PLO2 : Problem Solving • PLO3 : Business Communication • PLO5 : Responsible Business Practice • PLO6 : Global and Cultural Competence • PLO7 : Leadership Development |
|
CLO2 : Analyse and critique fnancial strategies proposed in personal fnance literature and media. |
• PLO1 : Business Knowledge • PLO2 : Problem Solving • PLO3 : Business Communication |
|
CLO3 : Identify how to save a deposit and then purchase your frst property with greater confdence and how to implement strategies to quickly pay off your home loan. |
• PLO1 : Business Knowledge • PLO2 : Problem Solving • PLO3 : Business Communication |
|
CLO4 : Explain how to use insurance correctly to protect your wealth against signifcant risks. |
• PLO1 : Business Knowledge • PLO2 : Problem Solving • PLO3 : Business Communication |
|
CLO5 : Plan your fnancial independence at age 60. |
• PLO1 : Business Knowledge • PLO2 : Problem Solving • PLO3 : Business Communication |
|
CLO6 : Identify strategies to pay a socially responsible level of tax. |
• PLO1 : Business Knowledge • PLO2 : Problem Solving • PLO3 : Business Communication • PLO5 : Responsible Business Practice • PLO6 : Global and Cultural Competence |
|
CLO7 : Identify and avoid some common investment mistakes and develop a plan for your current and future fnancial investments. |
• PLO1 : Business Knowledge • PLO2 : Problem Solving • PLO3 : Business Communication |
Learning and Teaching Technologies
Moodle - Learning Management System | Zoom
Learning and Teaching in this course
The main learning resource for this course is a 3 hour lecture that will take place on campus (subject to public health orders). A high-quality recorded lecture will be available for any students who cannot attend a face-to-face lecture in any particular week or for students who choose the 'online' class. There will also be a online session on Zoom available each week to review key concepts and answer questions. You can also ask questions about the course materials in the 'General Forums' on the course website. All assessments will be individual (no group assignments) and submitted online.
The main objective of the course content is to make personal fnance interesting, engaging and relevant for life both now and after graduation and to allow you to learn the material at a convenient time and location. However, you are ultimately responsible for your own learning and must engage with the lecture material, ask questions and personally refect on the material to get the most out of the course.
Assessments
Assessment Structure
|
Assessment Item |
Weight |
Relevant Dates |
Program learning outcomes |
|
Quizzes Assessment Format: Individual |
20% |
Start Date: See detailed assessment description. Due Date: See detailed assessment description. |
• PLO1 : Research Excellence • PLO2 : Problem Solving • PLO6 : Global and Cultural Competence |
|
Individual Assignment Assessment Format: Individual |
20% |
Start Date: See detailed assessment description. Due Date: See detailed assessment description. |
• PLO1 : Business Knowledge • PLO2 : Problem Solving • PLO3 : Business Communication • PLO5 : Responsible Business Practice • PLO6 : Global and Cultural Competence |
|
Learning Community Assessment Format: Individual |
10% |
Start Date: See detailed assessment description. Due Date: See detailed assessment description. |
• PLO1 : Business Knowledge • PLO3 : Business Communication |
|
Major Assignment Assessment Format: Individual |
50% |
Start Date: See detailed assessment description. Due Date: See detailed assessment description. |
• PLO1 : Business Knowledge • PLO2 : Problem Solving • PLO3 : Business Communication • PLO6 : Global and Cultural Competence |
Assessment Details
Quizzes
Assessment Overview
This is a series of individual online quizzes to assess whether you have understood and can apply key concepts from each Unit of the course.
Assesses: PLO1, PLO2, PLO6
Course Learning Outcomes
· CLO3 : Identify how to save a deposit and then purchase your frst property with greater confdence and how to implement strategies to quickly pay off your home loan.
· CLO4 : Explain how to use insurance correctly to protect your wealth against signifcant risks. · CLO5 : Plan your fnancial independence at age 60.
· CLO6 : Identify strategies to pay a socially responsible level of tax.
· CLO7 : Identify and avoid some common investment mistakes and develop a plan for your current and future fnancial investments.
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