Socially inclusive financial education. Development, testing and evaluation of competency framework-based
interdisciplinary teaching-learning arrangements

The project

SoFi

The project's innovative framework for socially inclusive financial education goes beyond formal life-stage models by incorporating the life-stage approach, key aspects of socio-economic education and (basic) maths skills.

For the content areas ‘Money and Credit’ (University of Education Schwäbisch Gmünd), ‘Insurance and Pension Provision’ (University of Münster), ‘Wealth and Distribution’ (University of Lüneburg) and ‘Economic and Financial Policy’ (University of Cologne), teaching-learning arrangements are being developed, tested and evaluated on the basis of a competency framework and design criteria for socially inclusive financial education (University of Bielefeld). The skills development will be evaluated using an instrument also developed as part of the project. Based on the empirical results, the teaching-learning arrangements will be revised and trialled at other locations. In addition, the competency framework will be further developed on the basis of the evaluation. Finally, all findings will lead to the design and implementation of online training courses for teachers.

The heterogeneity-sensitive teaching-learning arrangements focus on exemplary sections of the content areas of the competency framework and primarily address vulnerable groups in adolescence.

The primary aim of the project is to disseminate this new type of financial education programme in cooperation with practice partners as multipliers.