MGMT 168
Personal Financial Health: Theory and Practice
Description: Lecture, three hours. Helps develop class of financially literate students who will be financially secure today and in future. Students gain knowledge, skills, and confidence to take charge of their financial futures and have potential to prosper. Covers many financial decisions made by entrepreneurs. Interplay between financial conditions of business and financial situation of owner is something that many entrepreneurs fail to plan for when they launch new business. Specific topics covered include budgeting, time value of money, installment purchases, protection of assets, principles of investing, retirement and estate planning, psychology of money, income taxes, banking, and credit. Topics from behavioral finance include suboptimal spending, mistakes investors make, and money and happiness. Letter grading.
Units: 4.0
Units: 4.0
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Most Helpful Review
Fall 2020 - This class was by far the most practical and applicable class I've taken at UCLA. The personal finance concepts introduced are immediately applicable to life and for that reason alone I would strongly recommend taking this class. Particularly as a student interested in entrepreneurship, I felt this class gave me a strong footing to prepare me for being financially responsible as I pursue my career goals. In addition to its practicality, Professor Patt is one of the most reasonable, relatable, and engaging professors I've had at UCLA. His approach to finance and teaching is very informative. Overall, I would highly recommend this course to literally every student at UCLA.
Fall 2020 - This class was by far the most practical and applicable class I've taken at UCLA. The personal finance concepts introduced are immediately applicable to life and for that reason alone I would strongly recommend taking this class. Particularly as a student interested in entrepreneurship, I felt this class gave me a strong footing to prepare me for being financially responsible as I pursue my career goals. In addition to its practicality, Professor Patt is one of the most reasonable, relatable, and engaging professors I've had at UCLA. His approach to finance and teaching is very informative. Overall, I would highly recommend this course to literally every student at UCLA.
Most Helpful Review
Winter 2020 - This class did not fulfill any major requirements for me-- I just took it because I wanted to learn about finance. I'm pretty disappointed to say that I didn't learn too much. This class goes over a broad range of topics (buying a house, car insurance, credit cards, stock market, etc.) The thing is that each week/lesson goes into something new, and no topic is given enough depth, so in the end you learn such little information that you might have been better off just looking it up online. He teaches each new topic by bringing in a guest speaker who works in the field, but the only thing is that many of the guest speakers aren't teachers and some of them really didn't seem that prepared to give a lecture. You feel like you're in some random presentation or even a marketing pitch for their company as opposed to an actual class where you're learning practical information. Also, he computed the grades in such a way that even if you got an A based on points alone, you would not necessarily get an A in the class. The syllabus does not tell you how he will grade the class, it does not tell you how much any of the assignments or projects are worth, you don't know anything until you get the grade. I really thought I was doing fine in the class until I got a B+ at the end (for reference, I've never gotten anything lower than an A- in any other class at all 4 years of university, even much harder classes like computing or chemistry) I will say that there was a few highlights where I did learn something I considered valuable. Additionally, the professor does seem to be really caring and passionate about the class. But if you want to take it and it's not a requirement for your major, I would take it pass/no pass.
Winter 2020 - This class did not fulfill any major requirements for me-- I just took it because I wanted to learn about finance. I'm pretty disappointed to say that I didn't learn too much. This class goes over a broad range of topics (buying a house, car insurance, credit cards, stock market, etc.) The thing is that each week/lesson goes into something new, and no topic is given enough depth, so in the end you learn such little information that you might have been better off just looking it up online. He teaches each new topic by bringing in a guest speaker who works in the field, but the only thing is that many of the guest speakers aren't teachers and some of them really didn't seem that prepared to give a lecture. You feel like you're in some random presentation or even a marketing pitch for their company as opposed to an actual class where you're learning practical information. Also, he computed the grades in such a way that even if you got an A based on points alone, you would not necessarily get an A in the class. The syllabus does not tell you how he will grade the class, it does not tell you how much any of the assignments or projects are worth, you don't know anything until you get the grade. I really thought I was doing fine in the class until I got a B+ at the end (for reference, I've never gotten anything lower than an A- in any other class at all 4 years of university, even much harder classes like computing or chemistry) I will say that there was a few highlights where I did learn something I considered valuable. Additionally, the professor does seem to be really caring and passionate about the class. But if you want to take it and it's not a requirement for your major, I would take it pass/no pass.
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