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Economics for the classroom

Getting young people interested in economics and making the subject more accessible to them - that is the target the Association of German Banks has set itself.

Getting young people interested in economics and making the subject more accessible to them - that is the target the Association of German Banks has set itself.

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<strong>Economics</strong> syllabus<br />

<strong>Economics</strong> education is an important and<br />

More economics at school<br />

Recent years have seen much discussion about teaching economics at school. There is<br />

now a consensus that economics and financial literacy should be part of <strong>the</strong> curriculum.<br />

But when it comes to <strong>the</strong> details, opinions differ.<br />

The Association of German Banks has always called <strong>for</strong> economics to be taught as a<br />

compulsory subject in its own right. It believes a systematic approach is needed if<br />

students are to build up a sound understanding of economic principles and economic<br />

causes and effects.<br />

All figures in %<br />

76 80 78<br />

“More economics should<br />

be taught at school.”<br />

14 to 24 year olds<br />

necessary part of general education.<br />

Schoolchildren<br />

68<br />

80 74<br />

All adults<br />

78 83<br />

84<br />

“<strong>Economics</strong> should be introduced<br />

as a subject in its own right.”<br />

All figures in %<br />

14 to 24 year olds<br />

77 78 77<br />

Schoolchildren<br />

72<br />

74 74<br />

All adults<br />

75 77<br />

79<br />

Blueprint <strong>for</strong> economics education<br />

To highlight <strong>the</strong> importance of putting <strong>the</strong><br />

subject on <strong>the</strong> curriculum, <strong>the</strong> Association<br />

of German Banks and <strong>the</strong> Institute of<br />

<strong>Economics</strong> Education at Oldenburg<br />

University in May 2008 published a blueprint<br />

<strong>for</strong> teaching economics at non-vocational<br />

schools. The publication is <strong>the</strong> first of its<br />

kind to set out an economics syllabus <strong>for</strong> all<br />

levels of education from primary school to<br />

Abitur (university entrance qualification).<br />

In addition, <strong>the</strong> report puts <strong>for</strong>ward a<br />

detailed proposal <strong>for</strong> training specialist<br />

teachers in a degree course leading to<br />

a Bachelor and Master of <strong>Economics</strong><br />

Education.<br />

The blueprint has been well received and<br />

has given new impetus to <strong>the</strong> debate on<br />

improving <strong>the</strong> teaching of economics. The<br />

conviction that economics should be taught<br />

as a school subject is gaining ground.<br />

What students think<br />

Students would also like to see more<br />

emphasis on economics at school. They<br />

want to learn more about economic<br />

principles in <strong>the</strong> <strong>classroom</strong> and a large<br />

majority are in favour of introducing<br />

economics as a subject in its own right.<br />

Their wish should not be ignored. Young<br />

people evidently take <strong>the</strong> view that<br />

economics is an essential part of general<br />

education. And adults agree with <strong>the</strong>m.<br />

2003 2006 2009 2003 2006 2009 2003 2006 2009<br />

Source: Association of German Banks/ipos, 2009 youth survey.<br />

2003 2006 2009 2003 2006 2009 2003 2006 2009<br />

Source: Association of German Banks/ipos, 2009 youth survey.<br />

8<br />

9

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