Course: Economics and Financial Literacy

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Course title Economics and Financial Literacy
Course code KSV/0EG
Organizational form of instruction Lecture + Seminary
Level of course Master
Year of study not specified
Semester Winter
Number of ECTS credits 3
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Hejtman Pavel, PhDr. CSc.
  • Petrášková Vladimíra, doc. RNDr. Ph.D.
Course content
Topics: 1. Banking system - CNB and commercial banks, specialized financial institutions 2. Money - history of money, monetary systems, functions of money, forms of payment in the national currency 3. Pricing - cost, demand, by competition. VAT, excise tax. 4. Household economy - budgeting, type of budget, differences. Wage / salary (net, gross). Minimum wage, guaranteed wage. 5. The system of social benefits. 6. Simple interest, compound interest, combination of simple and compound interest (mixed interest). 7. Nominal and real interest rate, gross and net income. Inflation. Currency Rates. 8. Current accounts. Current account services. Supply on the Czech market. 9. Savings and investment products (savings accounts, term deposits, building savings,). 10. Pension system. Supplementary pension / supplementary retirement scheme. 11. Consumer credit - bank, non-bank. Credit card, hire purchase, leasing. Economic indicators - interest rate, increase, APR. 12. Mortgage loan (classical mortgage, US mortgage). Supply in the Czech republic. 13. Insurance. Life insurance, casualty insurance. 14. Financial planning.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with multi-media resources (texts, internet, IT technologies)
Learning outcomes
The course logically follows the courses Economics I and Economics II, which also serve as a theoretical basis for Economics and financial literacy. It extends acquired knowledge to the application side primarily focused on education. The content of the course is based on Czech educational curricular documents, namely Curriculum Framework for various types of secondary schools.
Graduates of this course will acquire knowledge and skills that will help them to develop financial literacy of secondary school pupils (future participants of the financial market).
Prerequisites
unspecified

Assessment methods and criteria
Student performance assessment, Student portfolio analysis, Test

Credit - test Presentation of practical examples in developing financial literacy (at the seminars).
Recommended literature
  • Česká národní banka https://www.google.cz/#psj=1&q=čnb.
  • Český statistický úřad http://www.czso.cz/.
  • Ministerstvo práce a sociálních věcí ČR http://www.mpsv.cz/cs/.
  • Aprea, C. et al.(2016). International Handbook of Financial Literacy. Springer, New York, p. 713..
  • Dvořáková, Z. a kol. (2011). Finanční vzdělávání pro střední školy se sbírkou příkladů na CD. Nakladatelství C.H. Bek. Praha. 312. s..
  • Petrášková, V., Horváthová, Z. (2010). Vybrané kapitoly z finanční gramotnosti. České Budějovice: Jihočeská univerzita. 133 s..
  • Petrášková, V., Rosa, P. (2019). Úvod do financí. https://moodle.pf.jcu.cz/course/view.php?id=346..
  • Radová, J. a kol. (2013). Finanční matematika pro každého. 8. aktualizované vydání. Praha: GRADA Publishing, a.s. 293 s..


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester