The Factor of Finance and Entrepreneurship in Terms of Human Capital Development

Abstract

The paper focuses on the analysis of the formation of human capital, already in the formal education stage in terms of the assessment of the importance and motivational level of the cross-sectional integral component of finance and entrepreneurship. Based on the content analysis and the discourse of the relevant contemporary trends in the Czech Republic, the authors present an original model of support of financial literacy and leadership for entrepreneurship on the case study of the implementation of courses of the Practice Enterprise, as it is implemented under the terms of study programmes at the University of Economics in Prague. Hypotheses have been formulated to confirm or disprove the effectiveness of this model of human capital formation from the perspective of preferences, motivation, and target satisfaction of clients in education. The programme's underestimated importance of practice, given by the limited use of the courses of the Practice Enterprise as a practically oriented optional subject, for the formation of financial education and for entrepreneurship education, has been proved. At the same time the positive motivation, the satisfaction of students, the functional ability of the model and the importance of entrepreneurship and financial literacy for the creation of desirable human capital for further professional and entrepreneurial careers of education clients has been proved as well.