ECON 101 Introduction to the Economy and Personal Finance

3 Credits

This course provides the fundamental knowledge needed to understand today’s economy, both domestic and abroad. Topics include monetary and fiscal policy, the effects of fluctuations in interest rates, inflation, and exchange rates, international factors, and globalization. It then incorporates these concepts into the remainder of the course as it relates to personal finance and retirement planning. Many important topics will be introduced to help students be more financially educated and responsible with money, so they can make better decisions, such as spending wisely, establishing financial goals, and saving and investing for their future. Students will learn to plan and set priorities to guide their financial decisions. Concepts and techniques include budgeting, balancing a checkbook, protecting assets, establishing good credit, and learning about investments and ways to accumulate wealth to achieve short and long-term financial goals.