“Financial and economic literacy ” is one of 15 competences that any learner can develop to become entrepreneurial, according to the European Commission Entrepreneurship Competence Framework (http://europa.eu/!tx78fG), known as the EntreComp.
In this video, Dana T. Redford, President and founder of the Portugal Entrepreneurship Education Platform (http://www.peep.pt) and coordinator of the Youth Start Project (http://www.youthstart.eu), explains how financial and economic literacy is a necessary competence to deal with the scarcity of resources beyond the funding of a business venture. He presents a challenge for students to develop financial literacy by planning their own holidays under budgetary constraints.
Explore the EntreComp framework: https://ec.europa.eu/jrc/entrecomp
Video production: European Schoolnet http://www.eun.org/
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