Published on 24-03-2017 by admin

National curriculum, Run your own life, Junior Achievement


European Money Week events in Norway

Wednesday, 29 March (city: Oslo
) – A conference for school leaders, teachers and student teachers ( 09.00 – 14.00) On this conference the winner of the  competition among student teachers in Norway will be awarded.

Thursday, 30 March (city: Narvik)
 – The national competition among classes in lower secondary school. The winner will be awarded. (15.00-17.00)

Friday, 31 March ( city: Oslo)
  – Finance Norway will meet students from higher secondary school. The students have made campaigns on social media to promote the web-application “ Økonomilappen” which consists of information about personal finances, calculators and a financial literacy test.

Finance Norway – Activities during European Money Week

National contest among classes in lower secondary school

Finance Norway and Junior Achievement have launched a national competition among classes in lower secondary school: Be the best money adviser for the family called Smart. How can they manage their daily economy and at the same time save some money? A case is presented and the students are challenged to use different sources when solving the economic problems, for instance talk to a local bank, to their parents and to use different web-sites. During EMW 2017 the winner will be rewarded. More information in Norwegian: Ungdomsskole-NM
Finance Norway had a similar contest last year. The students should help Kalle, a young man who had moved for himself and had run into economic problems. The winner came from a lower secondary school in Oslo: The winner of last year’s contest:

A conference for school leaders, teachers and student teachers

Finance Norway has established a national network consisting of different stakeholders, from both public and private sector, and interested in financial education. The network aims to increase young peoples’ personal financial knowledge and awareness. The initiative came from the minister of Children and Equality. Finance Norway is the administrator of the network. During EMW 2017 the network will arrange a conference with financial education as a theme.
Finance Norway has made a film about the network, meant for teachers, in Norwegian:

Contest among student teachers

The network has launched a competition among student teachers in Norway: Make the best training in financial education for students in secondary school, based on the programs from the network Skolemeny. The winner will be awarded and will present its solution on the conference.

Financial Education in Norway

Finance Norway & members

Finance Norway and a large number of its members put considerable resources into information and education at schools nationwide. Last year, about 33.000 pupils in secondary school – more than 1/2 of an age group – where taught by employees from the banks.
Finance Norway has made booklets with economic advice focused on parents and teachers and educational material for students in secondary schools.
The largest banks have developed their own free financial education programs for schools. Many of the banks use materials and tools developed by Finance Norway. A majority of the banks cooperate with schools on a regular basis.

Programmes for secondary school

Together with Junior Achievement (JA), Finance Norway has developed the program “Economics for success” (for ages 13-15). Together with The Norwegian State Housing Bank, The Norwegian Labour Welfare Service (NAV) and JA, Finance Norway has developed an educational tool meant for secondary school, called “Run your own life”. This digital tool teaches youngsters about the relationship between income, spending and saving, the consequences of different financial choices and draws their attention to what will affect their ability to finance their first home.


Information guide

Working with the Consumer Ombudsman, Finance Norway has produced a guide with information that young people aged 16-25 should get from their bank, regardless of the statutory minimum. This is intended as a recommendation for what the bank should tell and discuss with young adult customers about personal finances that young people need to know when they come of age, leave home and come to stand on their own two feet.



Finance Norway has developed a web-application with relevant information about personal finances in close cooperation with the Consumer Ombudsman and funded by the Ministry of Children, Equality and Social Inclusion The application consists of articles, calculators and a digital financial literacy test. The information and the test is intended for young people who want to check their own knowledge before making a visit to their bank, and may be an aid for teachers and bank staff when assessing pupils’ knowledge in connection with dialogue and teaching. The web-application is called Økonomilappen in Norwegian.


Other actors in financial education in Norway

Finance Norway and many of its members cooperate closely with Junior Achievement (JA). Finance Norway also cooperates with the Consumer Ombudsman.


Financial education is an element in the National Curriculum, as parts of the subjects mathematics and social studies; as part of the subject sociology (from the age of 9) and in mathematics: preparing calculations relating to private finances, private consumption, income, loan and savings (from the age of 15).
There is scope within existing curriculum to teach personal finances, but explicit national learning goals are desirable. Therefore, much depends on decisions made by the individual school.
Finance Norway is working to make personal finance part of the curriculum at every level and to make personal finance a specific subject in lower secondary school.


Financial education part of curriculum? Yes, as an element in other subjects
PISA financial literacy ranking (OECD, 2012): Did not take part