Economics and Personal Finance
Bennie Waller wallerbd@longwood.edu
434-395-2046
Longwood University
201 High Street
Farmville, VA 23901
Bennie D Waller, Longwood University

Personal Finance
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The development of this course was partially funded by an education grant from Dominion
Bennie D Waller, Longwood University

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This course will be;
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Incredibly rewarding, if you allow it to be
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Information and knowledge that will follow you and impact you throughout life
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Challenging
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Satisfies a MATH goal
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It is online
 Taught in summer school
Bennie D Waller, Longwood University

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The GREAT news is that I am 100% confident that each one of you can be successful in this course if you choose to be.
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Persistence, tenacity and great attitude will be required.
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DISCIPLINE: The ability to forego today what many can have to have tomorrow what so few can.
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I will work as hard as you.
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Make an effort. Do some research
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Then ask good questions.
Bennie D Waller, Longwood University

Review of syllabus
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Be sure that you fully understand the syllabus, course requirements and deadlines.
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All communication will be via live.longwood.edu accounts
COURSE: Finance 250
INSTRUCTOR: Dr. Bennie D. Waller
OFFICE: Hiner Building, Room 106
PHONE: (434) 395-2046
EMAIL: wallerbd@longwood.edu
OFFICE HOURS: By appointment
Bennie D Waller, Longwood University

Course deadlines
Topic
Economics
Financial planning, choice of career and earning potential
The impact of taxes on income/tax planning
Assignment Due
6/23/2013
6/23/2013
6/23/2013
Financial statements and budgeting 6/23/2013
Understanding the role of financial institutions and cash management 6/23/2013
Exam 1 6/23/2013
Time Value of Money
Consumer Loans
Understanding credit - credit card, problems, reports and scores
Buying a home or automobile
Insurance
Exam 2
Saving/Investing
Stocks
Bonds
Comparison shopping /consumer protection/contracts
Retirement and estate planning
Final Exam
Projects due
Bennie D Waller, Longwood University
6/30/2013
6/30/2013
6/30/2013
6/30/2013
6/30/2013
6/30/2013
7/10/2013
7/10/2013
7/10/2013
7/10/2013
7/10/2013
7/10/2013
7/11/2013

Personal Finance
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All online assignments will be administered through Canvas .
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For all online assignments you may use any source that you have available. However, you may NOT work in conjunction with or communicate with others.
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Given that you may work ahead, answers to quizzes and/or exams will be made available only after the deadline has passed.
Be proactive, look up answers to questions missed!
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The Final Exam will be given on July 10 at Longwood or in an approved proctored environment prior to deadline.
Bennie D Waller, Longwood University

Personal Finance
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Student evaluation - Students will be evaluated on his/her performance on quizzes, examinations and projects .
Project
Quizzes
Exam 1
Exam 2
Final Exam
10%
10%
20%
20%
40%
Numerical Grade
90 and above
80-90
70-80
60-70
Below 60
D
F
B
C
Letter Grade
A
Bennie D Waller, Longwood University

Personal Finance
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There will be NO EXCEPTIONS for technical issues such as lost internet connections, power outages, or any other issues relating to assignment deadlines.
 I would suggest that all other programs be turned off before starting a quiz or exam. If an assignment is missed, regardless of reason, there will be no make-ups allowed. This does include exams.
 I would recommend NOT waiting until the last minute to complete assignments as it is incredibly risky, something that this class should teach you to minimize.
Bennie D Waller, Longwood University

Personal Finance
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MAKE-UP POLICY: There will be no make-ups allowed for any work.
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ACADEMIC INTEGRITY/HONOR CODE POLICY:
Cheating in any form will not be tolerated. If the instructor determines that a student has cheated on an assignment, the grade of “F: may be assigned for the assignment or the entire course.
 PROJECT: Your project will consist of an analysis in terms of buying a home based on a given career. You should include calculations and provide an explanation. You will also write a paper/report as to how your lifestyle impacts your financial situation.
Bennie D Waller, Longwood University

Personal Finance
Bennie D Waller, Longwood University

Personal Finance
Longwood University suggest using Google Chrome for Canvas
Bennie D Waller, Longwood University

Personal Finance
Bennie D Waller, Longwood University

Personal Finance
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Student introductions
Bennie D Waller, Longwood University

10 Principles of Personal Finance
1. The best protection is knowledge
2. Have a plan
3. Understand Time value of money
4. Understand taxes
5. Expect unexpected (liquidity)
6. Differentiate wants from needs
7. Protect yourself
8. Understand risk relative to return
9. Don’t play financial mind games
10.Pay yourself first
Bennie D Waller, Longwood University

Personal Finance
Bennie D Waller, Longwood University

Earnings by majors
Bennie D Waller, Longwood University

What determines Income?
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Skills, education and martial status.
Bennie D Waller, Longwood University

Personal Finance
Spreadsheet
Bennie D Waller, Longwood University

Personal Finance
Bennie D Waller, Longwood University

Personal Finance
TVM Spreadsheet
TMV Magic
Bennie D Waller, Longwood University

Personal Finance
Bennie D Waller, Longwood University

Personal Finance
Financial Trivia
Spending Trivia
Paycheck Trivia
Etiquette Trivia
Financial Football
Financial Soccer
Bennie D Waller, Longwood University

Personal Finance
Bennie D Waller, Longwood University

Personal Finance
Bennie D Waller, Longwood University

Personal Finance
Bennie D Waller, Longwood University

Personal Finance
Bennie D Waller, Longwood University

Personal Finance
Bennie D Waller, Longwood University

Personal Finance
Bennie D Waller, Longwood University

Personal Finance
Bennie D Waller, Longwood University

Personal Finance
Bennie D Waller, Longwood University

Bennie D Waller, Longwood University