50-408-723Economic Relations for Bricklayers
Course Information
Description
This course will instruct the learner to analyze their financial situation, and deliver information that will assist them in setting personal financial goals and budgets. The learner will also receive instruction on obtaining personal credit, and analyzing investment strategies. The pros and cons of starting a business will also be addressed.
Total Credits
0.5
Course Competencies
  1. Set financial goals
    Assessment Strategies
    upon completion of setting five realistic short term(1yr), and five realistic long term(5 yr) personal financial goals.
    Criteria
    you list the steps that will be neccessary to achieve goals.
    you complete goal setting in a timely and professional manner.
    you complete a report evaluating you're progress towards reaching you're short term goals within six months.
    you make adjustments if neccessary to meet those goals.

  2. Create a personal budget
    Assessment Strategies
    by creating a personal budget.
    Criteria
    you access you're current financial situation
    you list all sources of personal income per month
    you list all current expenditures per month
    you set up a realistic monthly budget that is conducive to you're personal financial goals
    you complete budget in a neat and professional manner in spreadsheet format

  3. Obtain personal credit
    Assessment Strategies
    upon establishing one form of personal credit.
    Criteria
    you list the steps neccessary to establish personal credit
    you complete an application to establish one form of credit
    you describe the importance of maintaining a positive credit rating

  4. Analyze investment strategies
    Assessment Strategies
    upon completing a comparison report of different investment strategies.
    Criteria
    you complete report in a neat and professional manner
    you include the pros and cons of short and long term strategies
    you include the pros and cons of high risk investments
    you include the pros and cons of low risk investments
    you analyze which investment strategies will best help you reach you're financial goals

  5. Evaluate the pros and cons of starting a business
    Assessment Strategies
    when you create a business plan for a simulated business
    Criteria
    you complete business plan in a neat and professional manner
    you include start up costs for you're business
    you access the pros and cons of business ownership
    you include state and federal withholding requirements for employer and any employees
    you establish a set of ethics for you're business
    you determine the amount of insurance or bonding you're business will require
    you access the risks involved in business ownership