|LEVEL||00 - Mod Pre-Tert, Foundation, Proficiency & DegreePlus|
|ECTS CREDITS||Not Applicable|
|DEPARTMENT||Degree Plus Programme|
|DESCRIPTION||Surveys on financial literacy constantly show that a large part of the population do not grasp basic financial concepts. This leads them to at best not be able to take correct decisions in terms of financial matters and at worse to make bad decisions which will impact their financial future. In extreme cases, this might even lead them to lose money. Therefore it is important to start educating people about basic financial concepts.
Furthermore, one of the recommendations of the Maltese Pension Reform working group was to develop a financial literacy strategy. This is in line with this goal. The study-unit is aimed at all students with no prior knowledge about finance, accounting, economics, etc. The study-unit aims to educate students with basic concepts such as inflation, interest rates, pension, investments, budgeting, etc.
At the end of the study-unit, students should be able to:
• Where to look for to get information about financial matters;
• To understand the basics of credit, investment, differences between various investment products, inflation, interest rates, budgeting, retirement planning, pensions, etc.
For more information you can access this link: http://www.youtube.com/watch?v=gBpkS5KIThI&feature=youtu.be
Appropriate unit material will be provided by the tutor during the sessions.
In keeping with the spirit of Degree Plus, there is no formal assessment associated with the unit. A certificate of attendance and of satisfactory completion of the unit will be provided at the end of the semester.
|ADDITIONAL NOTES||This unit may not be offered if there are an insufficient number of applicants.|
|METHOD OF ASSESSMENT||
|LECTURER/S||Joseph Noel Grima (Co-ord.)
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the description above applies to study-units available during the academic year 2020/1. It may be subject to change in subsequent years.