World Financial Education Week workshops at UPFM

From 20 to 26 March 2023, Global Money Week takes place under the theme Plan your money, plant your future, under the auspices of the Organisation for Economic Co-operation and Development (OECD).

World Financial Education Week aims to raise awareness of the importance of financial education and promote financial literacy among children, adolescents, and adults. This year's theme was "Plan your money, plant your future". While Global Money Week is organised under the auspices of the OECD, in Slovenia the project is joined by the Slovenian Institute of Education, financial institutions, and educational institutions. This year, for the first time, the UP Faculty of Management participated in Education Week with a varied programme of educational events. Barbara Švagan participated in the National Educational Event, which took place at the premises of the Bank of Slovenia. Representatives of the Ministry of Finance, the Ministry of Education, the Association of Banks of Slovenia, the Financial Administration of the Republic of Slovenia, and the Consumers' Association of Slovenia also participated in the event with their contributions to the field of financial education of young people and financial literacy.

UP FM organised three workshops on financial awareness as part of World Financial Education Week. The first two workshops, which were mainly aimed at high school and university students, assist. Barbara Švagan and assist. Jan Frančeškin demonstrated the basics of personal finance and investing. The workshops provided a general overview of the main concepts in personal finance. Students gained knowledge on the time value of money, effective personal financial planning, savings, investing, and more. In recent years, the world economy has been facing a major challenge. We have witnessed the global pandemic COVID-19, which is heading into a period of elevated inflation in 2022. This elevated inflation and low-interest rates on bank deposits raise questions about investing in other financial instruments that, while offering higher returns, also carry higher risk. The third workshop, organised as part of the GDI project, was devoted to personal finance management. In the first part of the workshop, led by Prof. Štefan Bojnec, participants learned about the factors of the economic environment that have a significant impact on personal finances, as well as current economic trends. In the second part, the workshop focused on personal finance management. The workshop participants, Assoc. Prof. Suzana Laporšek and Assoc. Prof. Igor Stubelj demonstrated through practical examples how to plan personal finances, manage banking products and debts, save and invest, and the risks of different types of investments.

The third workshop on financial literacy - economic environment and personal finance was organised in the framework of the Green, Digital, and Inclusive UP - three pilot projects focused on the curricular renewal of professional higher education study programs at UP to support broader national reform for a green, resilient transition to Society 5.0.



The project is co-financed by the Republic of Slovenia, the Ministry of Education, Science and Sport and the European Union – NextGenerationEU. The project is implemented in accordance with the Recovery and Resilience Plan (RRP) under the development area Smart, Sustainable and Inclusive Growth, component Strengthening competencies, in particular digital competencies and those required by the new professions and the green transition (C3 K5), for the investment measure Investment F. Implementation of pilot projects, the results of which will serve as a basis for the preparation of a roadmap for the reform of higher education for a green and resilient transition to a Society 5.0: project Pilot Projects for the Reform of Higher Education for a Green and Resilient Transition. 



Friday, March 24, 2023 | FM | Education

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