Framework of Measuring Economic Competencies

• Main Authors: Klaas Macha, Michael Schuhen
• Format: Article
• Language: deu
• Published: Bielefeld University 2011-10-01
• Series: Journal of Social Science Education
• Subjects: Economic competency; economic literacy; economic education
• Online Access: http://www.jsse.org/2011/2011-3/pdf/schuhen-macha-jsse-3-2011.pdf

How to model economic competencies with the objective of empirically testing them? This question has been discussed for many years now without a conclusive measurement model having been presented thus far. Taking an in-depth analysis of the definition of competency proposed by Weinert (2001) as a starting point, we will derive a framework for the necessary complexity of competency assessment, which finds its graphical representation in a competence octagon. After discussing existing empirical work in the field of economic education and classifying it using the categories of the competence octagon, we will then propose a new model of economic competency that allows for empirical testing.