MSE Institute participates in an Erasmus+ project to improve financial literacy amongst youths

The Malta Stock Exchange (MSE) Institute together with five European partners participated in an Erasmus+ project that led to the creation of the I Don’t Know project website www.project-idontknow.com which was launched during a seminar held at the MSE on Friday 28 October.

This APP-based digital learning platform was developed as a practical tool for Vocational Education and Training (VET) educators  and trainers  of financial literacy education to help teach their students on several subject areas, such as financial budgeting; money management; managing credit; financial planning; understanding economy and mastering investment.  It uses gamification to help youths assess their knowledge of financial literacy and financial management.

This digital tool comprises four elements. The first component is the online digital database, which contains an exhaustive compilation of cutting-edge practices, projects, policies, methodologies, approaches, resources and tools for financial literacy education. The second is the training curriculum, which includes resources for VET teachers such as the theoretical framework as well as the necessary learning outcomes expressed in terms of knowledge, skills and competences. The third element is the training platform for the learning of financial literacy competencies, whilst the fourth the is the pedagogical handbook for VET Trainers and educators.

Cliff Pace, Director of Studies at the Malta Stock Exchange Institute, commented: “We are thrilled to partner with five different European partners in this Erasmus+ project. Such a free and new online tool is designed to help youths improve their level of financial literacy and financial management, and I am sure it will lead to more financial maturity among those who are starting out in their adult life and as they choose their financial priorities and make their financial decisions.”

The I Don’t Know project consortium includes the project coordinator Malta Stock Exchange Institute Ltd., Malta and five partners: KIST Consult e. U., Austria; International Business College, Denmark; Ålands yrkesgymnasium, Åland, Finland; Obrtna tehnička škola, Croatia and Poljoprivredno šumarska škola Vinkovci, Croatia.  The project was co-funded by the European Union.