Zuzana Kozubíková
​University of Žilina – Faculty of Management Science and Informatics – Department of the Macro and Microeconomics, Univerzitná 8215/1,010 26 Žilina, Slovak Republi​c
​​​DOI: https://doi.org/10.31410/EMAN.2018.229

2nd International Scientific Conference – EMAN 2018 – Economics and Management: How to Cope With Disrupted Times, Ljubljana – Slovenia, March 22, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Management Koper, Slovenia; Doba Business School – Maribor, Slovenia; Integrated Business Faculty –  Skopje, Macedonia; Faculty of Management – Zajecar, Serbia, ISBN 978-86-80194-11-0


The quality of education at universities is at the forefront of the knowledge society. Financial literacy belongs to the integral parts of the modern education and to the key competencies of the modern people. Financial education, therefore, becomes so an important pillar of financial literacy, that we can simply characterize as the ability to make informed and effective decisions about the use and management of money in work and personal life. This article focuses on investigating the financial education effectiveness and the skills acquired in the basic economic course. In addition to the theoretical knowledge, the course provides practical knowledge and skills that enable students to analyze financial flows, plan and change them in the light of changes in the external environment or their own needs. The course was attended by students of management and information department of bachelor study. The research was conducted in the form of a questionnaire survey at the beginning and at the end of the course. The questionnaire also included questions concerned with personal characteristics of the respondents, about current education, verification of competence in the branch, assessment of its own capabilities, progress on important financial decisions, etc. The results obtained in the survey were analyzed by statistical methods, especially by statistical tests. It has brought interesting results in the field of understanding the time value of money, interest rates, inflation and interest rates, annuities, debt amortization, and financial and investment decision making. The results obtained are useful in the teaching process of economic subjects.

Key words

financial literacy, finance education, questionnaire survey.


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