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

"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 review07-08.2022 - Creation of the online platform09.2022: 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.IMPACTThe 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."