Ch 6: Personal Finance & Consumer Economics

About This Chapter

Go over this chapter's text and video lessons to learn about personal finance and consumer economics. Each lesson will provide you with a comprehensive overview of different financial and economic topic needed to understand the subject as a whole.

Personal Finance & Consumer Economics - Chapter Summary

Personal finance and consumer economics are fairly complicated topics to understand, so it helps if you have a comprehensive and easy-to-use study guide for this subject. Fortunately, we have provided you with just such a guide in this chapter's concise but informative text and video lessons. Each lesson will teach you about essential topics in personal finance and consumer economics.

You can watch this chapter to learn about essential components of personal finance, relevant financial concepts, and informative examples that will help you grasp these somewhat convoluted topics. Each of our lesson instructors has specific expertise in these fields, so you can be confident in all information you receive in this chapter. Topics you will learn about include:

  • The definition, types and examples of financial investments
  • The definition and examples of short-term investments
  • Stocks and bonds
  • Preferred stock
  • The definition, types, advantages and disadvantages of loans
  • How to calculate monthly loan payments
  • The types and concept of health insurance
  • The definition and statistics of consumer income

If you would like to test your understanding when you have completed the lessons, the chapter offers convenient practice quizzes and a final exam. You also have the function of messaging the lesson instructors directly, if you would like further clarification on specific points that you went over in the lessons. Finally, be sure to use your personal Dashboard to keep track of your learning progress as you go through the chapter.

14 Lessons in Chapter 6: Personal Finance & Consumer Economics
Test your knowledge with a 30-question chapter practice test
What is a Financial Investment? - Definition, Types & Examples

1. What is a Financial Investment? - Definition, Types & Examples

Learn about the basics of financial investments and some of the key terminology that is important to understand. Find out about some of the most common types of financial investments and the unique attributes of each.

What Are Short-Term Investments? - Definition & Examples

2. What Are Short-Term Investments? - Definition & Examples

Learn more about short-term investments, their definition, time frames, and associated risk. Find out what defines an asset as liquid and what is classified as a short-term investment.

Stocks: Understanding Investment Performance

3. Stocks: Understanding Investment Performance

Many large companies around the world are owned by the public in the form of stocks. Watch this video lesson to learn how stockholders earn money when the company does well.

Bonds: Understanding Investment Performance

4. Bonds: Understanding Investment Performance

In this video lesson, you will learn how to calculate the worth of a bond over time. Learn how interest payments are calculated. See just how much money can be earned from keeping a bond over time.

Preferred Stock: Understanding Investment Performance

5. Preferred Stock: Understanding Investment Performance

After watching this video lesson, you will understand the differences between preferred stocks and regular stocks. You'll also learn how to calculate your dividends and earnings on your stocks when you sell them.

What is a Loan? - Definition, Types, Advantages & Disadvantages

6. What is a Loan? - Definition, Types, Advantages & Disadvantages

Learn what a loan is and some of the most common types of loans that people get. Find out which loans are best for different situations and some of the advantages and disadvantages of getting a loan.

Calculating Monthly Loan Payments

7. Calculating Monthly Loan Payments

Watch this video lesson and learn how you can calculate your monthly payment when you are thinking of purchasing a car. Okay, you can also use this formula whenever you are getting a loan!

Health Insurance: Types & Concept

8. Health Insurance: Types & Concept

Did you know that there are an estimated 1 billion health insurance claims filed each year? Learn more about the different types of health insurance that are available in the United States.

Consumer Income: Definition & Statistics

9. Consumer Income: Definition & Statistics

Consumer income is crucial for the functioning of our consumer-based economy. In this lesson, you'll learn what consumer income is, examine some related concepts, and see some relevant statistics.

What Is Disposable Income? - Definition & Explanation

10. What Is Disposable Income? - Definition & Explanation

Most businesses need customers with disposable income and also need disposable income themselves to grow. In this lesson, you'll learn what disposable income is and discover some important related concepts. A short quiz will follow.

Sources of Income in Retirement

11. Sources of Income in Retirement

In this lesson, learn several key ways that older adults pay their bills after retiring from work. You'll see how people can have different experiences in funding their retirement.

What is Cost of Living? - Expenses & Overview

12. What is Cost of Living? - Expenses & Overview

Most everyone would like a COLA, and we're not talking about soft drinks. In this lesson, you'll learn what cost of living is and some of its key concepts. You'll also have a chance to take a short quiz.

Standard of Living: Definition & Measurement

13. Standard of Living: Definition & Measurement

You've probably heard about the concept of standard of living and how it varies between different countries. In this lesson, you'll learn about what standard of living is and how it can be measured.

Evaluating a Career's Cost and Benefits

14. Evaluating a Career's Cost and Benefits

Choosing a career takes a lot of thought. One way to consider different careers to to compare the cost and benefits of them. Watch this lesson to figure out how to determine the return on investment for different careers.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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