An Empirical Study: Financial Literacy of Students of Law in the Czech Republic

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CHMELÍKOVÁ Barbora SVOBODA Martin

Rok publikování 2016
Druh Článek ve sborníku
Konference 8th International Scientific Conference Managing and Modelling of Financial Risks
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
Obor Řízení, správa a administrativa
Klíčová slova Financial literacy; university students; financial education
Popis Current complex financial markets demand from consumers of financial products at least a basic knowledge of financial concepts and conscious financial behaviour, therefore this paper focus on financial literacy which includes not only financial knowledge, but also financial behaviour and attitudes. As a target group the students of law was selected. The aim of this paper is to examine whether the law students, who are majoring in non-economic fields, are financially literate. The data was collected at the Faculty of Law at Masaryk University in autumn 2015. The analysis indicates positive results in favour of law students, however, further improvement in financial behaviour is required.
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