Home » Faculty and Staff » Wanda P. Hardy » Consumer Economics

Consumer Economics

 Rutgers University
Consumer Economics (50:220:303)
Spring 2014
January 22 – May 15, 2014

Adjunct Assistant Professor:  Wanda P. Hardy Phone: 856-225-6619
E-Mail:  hardy@camden.rutgers.edu Fax: 856-251-0518
Office Hours:  Mondays 5:00-5:45: PM by Appt. Office: 316 ATG

Course Description:

This course deals with economics and its impact on consumer issues, behaviors, decisions and the development of personal financial strategies as it relates to the consumer life cycle.  Topics covered will include the economy, consumer information and protection, budgeting, saving, borrowing, credit, and housing, investing and protecting financial resources.

Required Text:

Consumer Economics, 2nd Edition, Elizabeth B. Goldsmith, Pearson-Prentice Hall

Recommended Readings:

The Wall Street Journal, Kiplinger Magazine, Business Week

Learning Objectives:

The instructor will utilize lecture, discussions, financial planning problems, activities and end of chapter questions to help students develop an understanding of consumer economics and personal finance management strategies as they relate to life cycles.  Frequent questions will be asked of the students and the instructor welcomes student inquiries.

Grading Procedure

  Total Total Points
3 Exams 45% 300 Points (Each test is worth 100 points. 15% of each test grade will be counted towards your final grade)
Team Assignment – Financial Plan & Presentation 35% 100 Points
Individual Assignments 20% 100 Points
Total 100% 500 Points

Outline of Classes:

Chapters 1 – 5 – January 28 – February 19, 2013 – EXAM I – February 25th

Chapters 6 – 11 – March 4 – April 2, 2013 – EXAM II – April 15th

Chapters 12 – 15 –Financial Planning Cycle-April 22– April 29, 2010 – EXAM III– May 13th

Spring Break – March 16 – 24, 2013

Individual Written Assignments

Chapter   2 – Page   63 – Q4 – E Resources:  Web sites will be assigned in class. 

Chapter   4 – Page 128 – Q5 – Article & Presentation

Team Project – Financial Plan & Presentation – May 6, 2013:

Teams will be assigned the first week of class.  Each team is to submit a written Financial Plan with a copy of their PowerPoint Presentation.  To assist you with the project, worksheets may be found under resources in Sakai.  The paper must include a cover sheet, introduction, summary, table of content and conclusion.  See Team Project Worksheet for specific details.

Exam Schedule:

There will be three exams as listed below.  Students are responsible for both text material and lecture.

February 25, 2013 – (Chapters 1 – 5)
April 15, 2013 – (Chapters 6 – 11)
May 13, 2013 – (Chapters 12 – 15)

Quality of Work:

All type written assignments (article, case analysis, team project) will be held to a high standard.  This means that your grade will be affected when the work is sloppy, disorganized or poorly written.  All out-of-class assignments must be typewritten, as well as adhere to good grammar, logical organization, and complete citation of materials.  Write and present to impress!  All attachments (e.g. articles, advertisements) must be “clean”, meaning all text is legible and viewable (not cut off by Xerox machine, for example).  Failure to adhere to these guidelines will lower the grade earned for the assignment. Important Note: A grading rubric will be used to grade all written assignments.  Please refer to the grading rubric in Sakai.

Late Assignments:  Assignments are due on the date indicated in the course outline below.  If an assignment is turned in after the due date, it will be graded as normal and then docked 10% (one letter grade).  Assignments turned in more than 3 days late will not be accepted. You are responsible for meeting assignment deadlines and should plan ahead accordingly.  Please note: You are responsible for the dates that you have chosen.  A late submission of the case analysis, peer evaluations or international business project will result in a penalty of one letter grade. No extra credit will be offered.

Grading Scale:

Based on individual assignment scores and the weights given above, a student’s final course score will be tallied.  The letter grade assigned to that score is as follows:

You will be graded on a scale from A (4.0) through F (0.0).  Please refer to the current undergraduate catalog for detailed grade descriptions and Rutgers’ policy. 

Grade Scale
w/Numerical Range
Definition Numerical Equivalent
A    (90 –100) Outstanding 4.0
B+  (85 – 89) Very Good 3.5
B    (80 –  84) Good 3.0
C+  (75 – 79) Satisfactory 2.5
C    (70 – 74) Acceptable 2.0
D    (60 – 69) Poor 1.0
F     (Below 60) Failing 0.0

Attendance Policy:

Please refer to the undergraduate catalogue for the attendance policy:


Extended periods of absence (equivalent of 2 weeks or more missed in a row) without medical or other approved excuse will result in a failing grade for the course.  If you find yourself in this situation, bring it to my attention as quickly as possible so that we can discuss options.  If you miss this many classes without communicating with me during the absence period, you will fail the course.  Please note:  For any absence beyond 3, the student’s final grade will be lowered by 5 points.  Students who miss class are reminded that they are responsible for confirming assignments and obtaining lecture notes from a class member.

Inclement Weather Closing Hotline:

The School of Business will announce closing through the message bar on its website: http://business.camden.rutgers.edu/.

Disability Statement:

Students with disabilities requiring accommodation should make their needs known to me at the conclusion of our first class session, if not earlier.

Academic Integrity:

 “Academic integrity requires that all academic work be wholly the product of an identified individual or individuals.  Joint efforts are only legitimate when the assistance of others is explicitly acknowledged…The principles of academic integrity entail simple standards of honesty and truth.  Each member of the university has a responsibility to uphold the standards of the community and to take action when others violate them…Students are responsible for knowing what the standards are and for adhering to them.  Students should also bring any violations of which they are aware to the attention of their instructors. In all cases, you are responsible for preparing your own work and documenting the work of others. Cheating, plagiarism, and other types of misconduct are not acceptable. Penalties can include expulsion from the University. A Policy on Academic Integrity was adopted by the Faculty Senate on September 2, 2008 http://academicintegrity.rutgers.edu/academic-integrity-policy/ If there are questions on how to comply, please contact me immediately.

Student Code of Conduct:

Violations of the Student Code of Conduct are considered serious infractions of student behavior and subject to penalties relative to the level of the matter. Academic integrity matters are handled directly by the academic units. Non academic matters are handled by the Associate Chancellor for Student Affairs.  Student Policies, including the Student Code of Conduct, procedures and definitions, can be found at: http://studentconduct.rutgers.edu/university-code-of-student-conduct

Cell Phones:

Students are required to turn off their cell phones while they are in class, unless there is an emergency.