Financial Core Competences for Austria

Federal Ministry for Science and Research

Since financial education ideally starts at an early stage in life (see Grohmann & Menkhoff 2015, Whitebread & Bingham 2013), a sub-working group of INFE, with the cooperation of the OeNB, published a comprehensive list of core competencies that seem important for adolescents (see for example http://www.oecd.org/careers/competency_framework_en.pdf). The core cmpetencies define what kind of knowledge and which skills children and young people should have acquired. The project focuses on the question to what extent these core competencies are covered by Austrian curricula for compulsory schools. On the basis of this gap analysis, it can also be examined to what extent and in which way such curriculum contents are covered in the text books.