UCJAOPBK61 Financial literacy

Faculty of Philosophy and Science in Opava
Winter 2023
Extent and Intensity
0/0/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Kateřina Stankeová (seminar tutor), PhDr. Libor Práger, Ph.D. (deputy)
Guaranteed by
Ing. Kateřina Stankeová
Institute of Foreign Languages – Faculty of Philosophy and Science in Opava
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The course is focused on deepening basic knowledge in the field of personal finance and the functioning of the financial market. Students will be able to assess their financial situation and set goals in the short, medium and long term and will be acquainted with the principles of operation of individual financial instruments at a general level.
Learning outcomes
seminar, practical homework and projects during the semester
Syllabus
  • 1. Introduction to financial literacy. What is financial literacy. Why be financially literate. Financial market and financial services map 2. Money and money concept. Functions of money. State Securities Printer. Replacement of damaged banknotes. State budget in a nutshell. Taxes and the tax system in the Czech Republic. 3. Personal finances. Individual areas in life and how to distribute income in different stages of life and life situations, eg decrease / increase in income (securing income and property, pensions, financial reserve, housing, family, dreams and wishes). Financial plan. 4. Household management. Budgeting. Working with the budget - deficit, surplus. Opportunities to increase revenue. Working with expenses. Reserves. Tax reduction options. 5. Revenue. Decrease and increase in income. Job x business. Wage calculation. Social insurance premiums, obligations of the employee and self-employed, obligations of the employer. Types of employment - HPP, DPP, DPČ, business - main activity, secondary activity. Active and passive income. 6. Securing income and property. Why secure income and property, who is the most important person in your income. Own savings x insurance. Insurance - life, non-life, liability. 7. Pension system in the Czech Republic. Who should deal with retirement? Long money. How much do I postpone when I start, how much money will I need in retirement? Transformed fund, supplementary pension savings. State contributions. Pre-retirement x early retirement. Tax deductions. 8. Banks and banking products. Bank management - active, passive. Deposit Insurance Fund. Client Mobility Code. Golden crown. Inflation. Surveillance. Income taxation. Banking products. 9. Loans. Consumer Credit Act. Banking and non-banking institutions. When to take a loan - own resources x foreign resources. State Housing Development Fund. 10. Building savings. Principle of operation. Phases: savings (guarantee), loan, bridging loan. 11. Investing. What is an investment? Why invest, when and where to invest. Investment triangle. Direct investment, open-end mutual funds. Types of securities. Investor profile, relationship to risk. Risk diversification. 12. Debt. How to get out of debt, how to deal with debt. Execution, insolvency. Debt prevention - financial literacy. 13. Consumer rights. Consumer Protection Act. Financial Arbiter. The Czech trade inspection. Consumer contracts.
Teaching methods
seminar, practical homework and projects during the semester
Assessment methods
practical homework and projects during the semester
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
Information on the extent and intensity of the course: 6 hod/cv/sem.
The course is also listed under the following terms Winter 2021, Winter 2022, Winter 2024.
  • Enrolment Statistics (Winter 2023, recent)
  • Permalink: https://is.slu.cz/course/fpf/winter2023/UCJAOPBK61