“Basic economic and financial skills of youth for building an “economy that works for people” Erasmus Project

Project Title

“Basic economic and financial skills of youth for building an “economy that works for people”

Project Key Action

This project related with these key action: Cooperation for innovation and the exchange of good practices

Project Action Type

This project related with this action type : Strategic Partnerships for youth

Project Call Year

This project’s Call Year is 2020

Project Topics

This project is related with these Project Topics: Inclusion – equity; Economic and financial affairs (incl. funding issues); Entrepreneurial learning – entrepreneurship education

Project Summary

CONTEXT:
Based on:
– The EU Youth Strategy 2019-2027, aiming to ensure that all young people have the necessary resources to take part in society;
– The “Erasmus” Programme priorities 2021-2027 to boost skills & employability; modernize education, training & youth work & to focus on young people;
– 1 of the 6 priorities for 2019-2024 of the Von der Leyen European Commission – “An economy that works for the people”, which is: based on the work for social prosperity, & is in response to the needs of EU citizens for reducing poverty & inequality.
– The Von der Leyen State of the Union Address (16.09.2020), describing EU’s economy as: “a human economy that protects us against the great risks of life – illness, ill-fortune, unemployment or poverty. It offers stability and helps us better absorb shocks. It creates opportunity and prosperity by promoting innovation, growth and fair competition”;
– 1 of the 6 main priorities of the German Presidency of the Council of the European Union – “Overcoming the consequences of the coronavirus crisis for the long-term as well as economic and social recovery”;
– The 9th out of 15 key entrepreneurial transversal competences, identified by the EC EntreComp model: 1.Spotting opportunities; 2.Creativity; 3.Vision; 4.Valuing ideas; 5.Ethical & sustainable thinking; 6.Self-awareness & self-efficacy; 7.Motivation & perseverance; 8.Mobilizing resources; 9.Financial & economic literacy; 10.Mobilizing & inspiring others; 11.Taking the initiative; 12.Planning & management; 13.Coping with uncertainty, ambiguity & risk; 14.Working with others; 15.Learning through experience;
– The OECD vision for Education 2030 & the so called “transformative competences” that young people need in order to be innovative, responsible & aware: creating new value, thinking in a more integrated way & taking responsibility,
Bulgarian Memory Foundation (BGMF), Bulgaria & PAR University College (PAR), Croatia have initiated this project proposal, entitled “Basic economic and financial skills of youth for building an “economy that works for people”.
MAIN OBJECTIVE:
The main objective of the project is, through active transnational co-operation & exchange of innovative practices, to elaborate a new methodology for building economic & financial literacy of youth as part of the transversal entrepreneurial skill, using game-based learning (GBL) & non-formal education methods.
PARTICIPANTS will be:
1. BGMF & PAR project teams;
2. Youth workers – 14 (7 each)
3. Young people – 50 (25 from Bulgaria, 25 from Croatia);
4. High-school teachers & university professors – 12 ( 6 each from the 2 countries)
ACTIVITIES:
06.2021: Start of the project.
07-10.2021: Regular communication & preparatory activities related to data collection & analysis of good European practices in the field of economics & finance, based on relevant research papers of the European institutions, WEF, OECD, Eurostat.
11 2021: A 2-day kick-off (transnational project meeting) in Rijeka, Croatia. Each organization will be represented by 3 participants: project manager, coordinator & administrator.
12.2021-04.2022: Development by the 2 organizations of the draft versions of:
*analysis of good EU practices for developing economic & financial literacy of youth through GBL;
*“Vademecum” for development of economic & financial literacy through GBL among youth, specifically designed for non-economists.
*the online educational platform (OER).
05.2022: A 5-day training course in Rijeka for 12 teachers & lecturers, and 14 youth workers – 7 each from BGMF & PAR (C1).
06.2022: Mid-term review
07-08.2022 – Creation of the online platform
09.2022: A 7-day Blended Mobility for 50 young people (25 each – from Bulgaria & Croatia), 50 % of them disadvantaged (C2).
10.2022-02.2023: Review of the implementation results.
03-05.2023: Analysis & evaluation of the project outputs (OERs).
05.2023: Final Report.
The expected RESULTS from the project are:
1) Timely achievement of the set goals, tasks & responsibilities through good management in the different stages of the project cycle;
2) Exchange of good European practices between the organizations through learning events (C1-C2);
3) Sustainability & popularization of the achieved goals among wide circle of stakeholders which should lead to long-term effect on the education systems as well.
IMPACT
The project is to have a long-term impact on participants, the 2 partners & the target groups, duly described above. It will put an emphasis on the individual contribution of each person towards building an “economy that works for the people”, providing easy-to-follow examples & behavioral patterns. BGMF & PAR will benefit from the exchange of good practices, specific expertise & ideas & expand their network of international contacts, Upon the project end, they will popularize entrepreneurship as a transversal skill, thus contributing to the fight against youth unemployment, social exclusion & marginalization of youth across the EU.

EU Grant (Eur)

Funding of the project from EU: 59790 Eur

Project Coordinator

Fondacia Bulgarska Pamet & Country: BG

Project Partners

• VISOKA POSLOVNA SKOLA PAR