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