BPF_AFIG Applied financial literacy

Faculty of Economics and Administration
Spring 2021
Extent and Intensity
0/2/0. 3 credit(s). Type of Completion: z (credit).
Teacher(s)
Ing. Barbora Buchtová, Ph.D. (lecturer)
Ing. Barbora Buchtová, Ph.D. (seminar tutor)
doc. Ing. Martin Svoboda, Ph.D. (seminar tutor)
Guaranteed by
doc. Ing. Martin Svoboda, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable of Seminar Groups
BPF_AFIG/01: Thu 14:00–15:50 S401, B. Buchtová, M. Svoboda
Prerequisites (in Czech)
BPF_FIGR Financial Literacy
Course Enrolment Limitations
The course is offered to students of any study field.
The capacity limit for the course is 25 student(s).
Current registration and enrolment status: enrolled: 1/25, only registered: 0/25, only registered with preference (fields directly associated with the programme): 0/25
Course objectives
• -The aim of the course is to deepen and apply the financial literacy knowledge in practice as the content of the course is focused on understanding the context of financial literacy and gain knowledge and skills useful in everyday life with a focus on personal financial planning, financial planning, financial decision-making, selecting the appropriate financial instruments (savings, investment, reinsurance, and others) and problem-solving in various life situations.

• -Students will gain knowledge and skills in the form of model cases, examples of functioning of individual products and their selection for the selected type of target group. Students will compare the benefits of different financial instruments and adjust the parameters to suit their needs. Last but not least, graduates will be able to enhance their financial planning and financial management and help their community with solving problems related to financial literacy and participate in the dissemination of financial literacy.
Learning outcomes
Learning outcomes are divided into several blocks/categories:

The Context of Financial Literacy • Students will be able to characterize the financial literacy and its components, further analyze the current situation regarding financial literacy in their country and in the world, and will be able to conduct self-assessment. • Describe the functioning of the financial education system in the Czech Republic.

Financial Planning and Money Management • Students will be able to analyze their income and expenses, create their budget, make their personal financial statements and learn to use them in everyday life. • They will be motivated to follow the set plans and be able to actively manage and monitor their finances, reduce variable expenses and set their priorities. • Set their financial goals and action steps for their implementation. • Create a personal financial plan and adjust it based on current needs and life situation.

Financial Decision-Making • Students will be able to analyze financial behaviour and decision-making process in various life situations. • Assess the suitability of the selected financial instruments for their financial goals. • Know ways to preserve wealth and create long-term financial planning. Be able to adequately prepare for retirement and know their financial capabilities. • Students will understand the consequences of debt. Characterize individual types of loans (consumer loans, car loans, mortgages), their requirements, advantages and disadvantages. • Be able to apply the time value of money, estimate the cost of the loan, the amount of payments, compare offers and choose the most appropriate option given the circumstances. • Know the effects of changes in interest rates and other factors.

Financial Literacy in Practice • Students will learn how to communicate effectively about financial matters, how and when to apply specific communication strategies and how to clearly explain the topics of financial literacy in order to increase the level of financial literacy.
Syllabus
  • The topics covered are divided into four modules:
  • The Context of Financial Literacy, Self-assessment
  • 1) Money Personalities, Self-assessments
  • 2) Financial Literacy – its components, characteristics
  • 3) Financial Literacy in CZ and in the world
  • Financial Planning
  • 4) Financial plan - step by step
  • 5) Financial planning – situation analysis
  • 6) Financial planning – problem-solving
  • Financial Decision-Making
  • 7) Financial behaviour and decision-making process
  • 8) Application of the time value of money in everyday life
  • 9) Time value of money as a part of financial planning
  • Financial Literacy in Practice
  • 10) Communication strategies
  • 11) Vulnerable groups with a low level of financial literacy
  • 12) Financial literacy activities
Literature
    required literature
  • GITMAN, Lawrence J., Michael D. JOEHNK and Randall S. BILLINGSLEY. Personal financial planning. 13th edition. United States: South-Western Cengage Learning, 2014, xix, 635. ISBN 9781111971649. info
    recommended literature
  • KOCIÁNOVÁ, Helena. Finanční gramotnost v kostce, aneb, Co vás neměl kdo naučit. Olomouc: Anag, 2012, 151 s. ISBN 9788072637676. info
    not specified
  • DVOŘÁKOVÁ, Zuzana and Luboš SMRČKA. Finanční vzdělávání pro střední školy : se sbírkou řešených příkladů na CD. 1. vyd. V Praze: C.H. Beck, 2011, xix, 312. ISBN 9788074000089. info
  • ČERVENKA, Miroslav, Dagmar IRCINGOVÁ and Miroslav ŠKVÁRA. Spotřebitelské úvěry : průvodce teorií a praxí úvěrování dle zákona č. 257/2016 Sb. První vydání. Praha: Miroslav Škvára, 2017, 158 stran. ISBN 9788090482340. info
Teaching methods
Active participation in seminars, e-learning, completion of assignments and analysis of model situations focus on problem-solving, application of acquired theoretical knowledge, activities of disseminating financial literacy.
Assessment methods
The requirements for successfully passing the course include: 1) passing the financial literacy quizzes/tests, 2) active participation in classes (80% of attendance), 3) completion of assignments during the semester 4) case study and cooperation in disseminating financial literacy.
Language of instruction
Czech
Further Comments
The course is taught annually.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/spring2021/BPF_AFIG