Prof. Dr. Christian Armbruster
National Report: Germany
Fachhochschule Kaiserslautern
Germany is a federal republic• consists of 16 federal states• own regional governments• Ministries of Education and Cultural Affairs
Status Quo
Prof. Dr. Christian Armbruster
Ministry of Education, Cultural Affairs• has the responsibility for education• organizes the school structure• determines the content of courses and
teaching objects• defines teaching materials
Responsibility for education
Prof. Dr. Christian Armbruster
Standing Conference of the Ministers of Education and Cultural Affairs of the federal states:• established in 1948
Main tasks:• define and guarantee similar standards over
all federal states
Responsibility for education
Prof. Dr. Christian Armbruster
Results:• determine a framework for the grades 5 to
9/10• requiring certain subjects in every type of
school:• German, mathematics, first foreign languages,
natural and social sciences• Second foreign language at general secondary
school in grades 7 to 10
Standing Conference of the Ministers of Education and Cultural Affairs
Prof. Dr. Christian Armbruster
Political and economic education integrated cross-curricular:• sustainable development education • democracy education • Europe education • human rights education • National Socialism and the Holocaust • economic education Financial education has not been integrated in
the curricula of the federal states
Curricula
Prof. Dr. Christian Armbruster
Survey
Prof. Dr. Christian Armbruster
The level of information of youth in finance knowledge is:
very good good rather good bad
Sh
are
in I
nfo
rma
nt
(Source: Forsa, Jugendstudie 2011)
Survey
Economical knowledge of young people in 2012
right wrong or unknown Principle of “supply and demand” Explanation “inflation rate” Task of the ECB Explanation “share” Expantation “return” Connection between risk and profit Distribution of risk in shares
Index economic knowledge
Excellent Good Bad Very bad
(Source: Jugendstudie, Bankenverband, 2012)
Prof. Dr. Christian Armbruster
Survey
Prof. Dr. Christian Armbruster
„I don´t know anything what´s going on at the stock exchange“
(Source: Jugendstudie, Bankenverband, 2012)
I don’t agree I don´t rather agree I do rather agree I do agree
School system
Prof. Dr. Christian Armbruster
Survey at Helmholtz-Gymnasium• 15 multiple choice question• 120 pupils• Grade 9 to 11• 110 could be analyzed (56 male, 54 female)
Gap analysis at Helmholtz-Gymnasium
Prof. Dr. Christian Armbruster
Survey
Prof. Dr. Christian Armbruster
Question: What is a share?
36%
64%rightwrong
(Source: Schülerumfrage zum Thema Finanzwissen, FH Kaiserslautern, Finanzdienstleistungen, 2013)
Survey
Prof. Dr. Christian Armbruster
Question: How old are you, when you become absolute contractually capable?
62%
28%
rightwrong
(Source: Schülerumfrage zum Thema Finanzwissen, FH Kaiserslautern, Finanzdienstleistungen, 2013)
Gap of financial knowledge does exist Financial education has not been integrated
in the curricula yet
Prof. Dr. Christian Armbruster