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Subject Economics

“Germans don’t know anything about the economy” stated Handelsblatt on March 11, 2013.

The results of a study by three Berlin researchers were recently carried out and of the 24 questions dealing with simple facts and contexts, only 14 were answered correctly on average. There is no doubt that education in Economics is not good in Germany. This is proven by many studies and the fact that it is only in Saxony and Baden-Württemberg that the school subject of Economics from the 5th century onwards takes place.

Now – since the financial crash in September 2008 – it should be clear to everyone that the issue of the economy cannot be just a special topic for insiders. As investors, consumers, and economic agents, we are all involved in an increasingly complex global economic fabric. Sustainable and social management plays an increasingly important role in companies. That is why the school – including the Gymnasium – must impart to the pupils the knowledge of the basic connections. Without knowledge, no critical review!

The first Gymnasium in Rhineland-Palatinate with subject Economics in classes 8 and 9

We are very proud to be the first grammar school in Rhineland-Palatinate to offer the subject of economics as an elective subject in grades 8 and 9 (Flyer “Unterrichtsfach Wirtschaft am FGN”). For us, economic education means acquiring competences in the area of general financial education and a willingness to assume social responsibility in companies. In class 8, the focus is on general financial education: what types of investment are there? How does the over-indebtedness of young people come about? How do you become a critical consumer? What do I have to consider when shopping online? Practice companies in class will perform simulation games and participate in competitions (e.g. Planspiel Börse, Jugend Testet).

Cooperation with the Rhein-Ahr-Campus

We are also particularly proud of our cooperation with the Rhein-Ahr-Campus (RAC) in Remagen, which has existed since 2002, which allows us to participate in the latest developments in the field of business administration. In the course of 10 lectures, our students get to know the basic building blocks of business administration. This know-how is not just a theory. It finds practical application in the very concrete work of a school company over a school year as part of the “JUNIOR”; project. From the bookkeeping, the design of the logo, customer acquisition to production, and personnel management, the young people learn a lot about the processes in a company. In the end, the points for reflection are: were you successful? If so, why? If not, what failed you?

The school company Glam Penail even patented the idea of a nail polish marker due to its great success.

The goal of economic education for us is not only the acquisition of knowledge. Above all, it is important to assume responsibility and thus to develop social skills. Students learn that in a school company, every area has to be carried out in a solid, reliable, and orderly manner to be a success. Employee motivation and leadership must be learned – these are also important aspects of the later assumption of responsible activities. The success proves us right: every year our companies are among the best in the state of Rhineland-Palatinate, sometimes also nationwide.

Economy and Ethics

“Values in the executive floor” is another topic that we are not only addressing theoretically in the context of our company activities. As a Christian school, we want to show that business and ethics belong closely together and must be discussed anew over and over again. If our students – as we all hope – put their acquired skills into play in later life, this is like a “mustard grain” on which we rely. Society, politics, and business need committed and value-oriented young people – more than ever!

Flyer „Certificate Course: Economics and Ethics“

Astrid Heilmann-Cappel is the coordinator for economics at the Franziskus Gymnasium Nonnenwerth.