Soar to Savings provides tips for saving and describes the impact of individual saving on the overall economy. As a result of this course, users will have a better understanding of opportunity cost, interest, down payments, and financial investment.
At the end of the course, users will be able to:
- Identify key reasons to save.
- Recognize opportunity costs to both saving and spending.
- Recognize the power of compound interest for increasing savings balances over time.
- Use the Rule of 72 to calculate compound interest.
- Recognize that interest rates create incentives for lenders and borrowers.
- Explain the role of financial intermediaries and financial markets.
- Explain the difference between stocks and bonds.
- Explain how the supply of and demand for loanable funds determines interest rates.
- Recognize that national savings equals investment in a closed economy.
- Explain the paradox of thrift.
- Recognize that the U.S. Government finances deficit spending through the sale of U.S. Treasury securities.
- Explain that government debt can crowd out the supply of loanable funds and affect interest rates.
To register your students for one or more of these courses, visit the Instructor Management Panel.