Economic and Financial Literacy as Part of Managerial Skills of Graduates

Abstract

Currently, experts of different education and different professions enter management positions, which can result and often also results in not always adequate decisions and practices in the field of financial and economic management of enterprises. The paper analyses the importance and necessity of increasing economic and financial literacy as part of managerial skills. It focuses on the rationale of economic and financial literacy, particularly among graduates of different, non-management study programs who are in managerial positions, respectively who are in preparation process for managerial positions. It shows the fact that the economic and financial literacy is a complex managerial skill that in addition to training in management disciplines includes economic, legal, and socio-psychological knowledge and skills. The presented paper originated as part of the project VEGA 1/0662/15.

Keywords

• economic literacy
• financial literacy
• managerial skills