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Closer to the big goal for universal introduction of the course of Financial Education in schools, an essential tool for students, is the University of Cyprus and the Association of Financial Analysts of Cyprus.
Following the introduction of the compulsory Financial Education course at the private school The Junior & amp; Senior School during & nbsp; last school year and after the positive feedback on the effectiveness of the courses taught by teachers/participants, & nbsp; The Department of Accounting and Finance of the University of Cyprus in collaboration with the Association of Financial Analysts of Cyprus (CFA Society Cyprus) launched & nbsp; in October 2021 an information campaign of the private schools of the Secondary Education of Cyprus, for the introduction of similar/p>
Great interest from private secondary schools
To date, another 14 private Secondary Schools, from five provinces of Cyprus, representing about 2/3 of the students of the private schools of Cyprus, have decided to integrate a course of Financial Education, from September 2022. & nbsp; responded positively to the invitation are (in alphabetical order):
- Hellenic School Pascal – Limassol Hellenic School Forum – Nicosia Foley's School – Limassol Pascal English School – Larnaca Pascal English School – Limassol The American Academy – Larnaca The American Academy – Nicosia The English School – Nicosia The Falcon School – Nicosia The GC School of Careers Nicosia The Grammar School – Nicosia The Heritage Private School – Limassol The International School of Paphos – Paphos Xenion High School – Famagusta
The Financial Education course was designed by the Department of Accounting and Finance of the University of Cyprus and is expected to last About 25 weeks.
It will cover the concepts of interest rates, interest rates, inflation, savings, lending, insurance, investments, retirement and digital financial integration.
The course material will be offered free of charge, in both Greek and English by University of Cyprus, in the context of its social contribution and will be adapted by these Schools based on their own needs.
In addition to this initiative, the Department of Accounting and Finance of the University of Cyprus offers, from September 2020, courses in Financial Education and Personal Finance for students of the University of Cyprus. Also, through the new courses, it prepares research on the diffusion of knowledge outside the classrooms.
The University of Cyprus also participates in the Ad-Hoc Committee for the formulation of a “National Strategy for the Promotion of Financial Literacy and Financial Education in Cyprus”. The Committee, which was established following a relevant proposal of the Education and Culture Committee of the Parliament, consists of executives from the Central Bank of Cyprus, the Ministry of Finance, the Ministry of Education, Culture, Sports and Youth, the Cyprus Capital Market Commission, the University Of Cyprus and the Cyprus University of Technology.
At the same time, in the context of the actions already implemented to improve the level of & nbsp; Financial Literacy, the Association of Financial Analysts of Cyprus organizes for the 4th consecutive year educational lectures in public and private schools, with the aim of highlighting the basic aspects of Finance. 45 minute presentations. It is worth noting that in collaboration with the Ministry of Education, Culture, Sports and Youth to date, presentations have been made to more than 2,000 students.
Invitations to participate in these programs have already been sent to most private schools Secondary Education of Cyprus and the communication with the other schools is expected to be completed soon.
The University of Cyprus and the Association of Financial Analysts of Cyprus remain at the disposal of all Secondary Education schools for further information regarding its integration. Of Financial Education in their study programs.
Contact details:
Associate Professor Andreas Milidonis (University of Cyprus): [email protected] Member of the Board ., & nbsp; Alkis Chatzitofis (CFA Society Cyprus): [email protected] & nbsp;
