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Finance Literacy

9 ECTS
Bachelor
Czech | English
Jindřich Čadík

The course aims at providing students with an essential set of information and knowledge to help them in everyday financial decisions. The system of personal finances is a set of rather complicated processes. Most of them is unfavourable for the user in their default setting. The course solves specific problems regarding the use of financial tools. Students get an insight into individual products, learn ways of thinking about them and where to look for relevant information.


Course outline

Finance in context
The introduction to financial literacy. Financial planning.
Financial analysis and balance
The impact of mandatory costs, risk management, consolidation.
Financial analysis and balance
The over-loaning risk, the debt trap, APR, subjects in the market.
Financing housing
Solving housing, mortgage. Annuity. Mortgage anniversary.
Financing housing
The building savings loan, loan refinancing, the process of loan negotiation.
Investment
The definition and fundament, simple and compound interest, the portfolio theory, timeframe of an investment.
Investing
Forming an investment portfolio, investment tools.
Financial mathematics essentials
Fund-maker, saver, redeemer, inventor.
Investing
The lifecycle, the pension system and preparing for pension.
Insurance
Life insurance, products, attributes, configuration and processes.
Insurance
Non-life insurance, property insurance, liability insurance.
Financial consulting
The definition, use and risk of the service.
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