The project will have several partners, some of which will participate in the research project as providers of financial education and some will represent the beneficiaries of the research.

  • Me and My City is a learning environment developed by the Economic Information Bureau. In Me and My City, the students simulate real economy, for instance working for a company earning wages and consuming these wages in their leisure time. Until recently, the main focus has been 6th graders in the primary school, but now the developers have also launched a version for the 9th grade, which focuses on working in companies in a global environment. Me and My City is widely acclaimed: it has been used throughout Finland, has had significant media presence and has won international awards. In 2015 around 20,000 students used Me and My City, thus reaching a significant proportion of the entire cohort of 6th gradersin Finland.
  • Oma Onni is a web-based learning environment that is organized and maintained by the vocational education center SEDU in Seinäjoki, and it is designed by the teachers and students of SEDU for the 9th grade students. In 2015, the number of students who participated in Oma Onni was around 2000.
  • Money Flow Challenge is a mobile game developed by Planago. It is directed to 15–20-year-old adolescents and it aims to improve their money management skills in a fun and exciting way. The concept has been tested in secondary and high schools. In the 2016 Finnish Game Awards Gala Money Flow Challenge won the Applied Game Award for best serious game of 2015.
  • Muova is a joint research and development platform of Vaasa University of Applied Sciences, Aalto University and University of Vaasa, and it focuses on design-related research and development. Its role in the project is to develop and evaluate new game concepts based on the existing games and their uses.

Me and My City, Oma Onni and Planago will be the research partners whose research platforms will be instrumental to test the effects of innovative forms of financial education. They will participate actively in the development of the research project, and their practice-oriented subprojects will be complemented by the game concept testing and development by Muova. The collaboration between all of these partners is also valuable in designing new research modules and the evaluation of learning.

  • The National Board of Education is the government authority which is responsible for curriculum development for schools.
  • Assocation for History and Social Science Teachers represents the history and social science teachers, which is the group most directly responsible for providing economic and financial education in Finnish schools.
  • Mun Talous (My Economy) is a network of Finnish associations that are engaged in providing financial education to the youth. These partners will be in a key role in disseminating information about the research project and ensuring that the best practices will be used in educational contexts.

All of the three research partners will participate in the meetings of the steering committee of the project, as well as two teacher representatives and a representative from the My Economy network. In addition, the members of the research teams and Jussi Loukiainen from Muova will participate in the steering group meetings. The study interventions will be discussed in the steering committee meetings. The steering committee will convene five times during the project. The research team will make the decisions on the educational interventions together with the research partners. In addition to the steering committee work, the research team will be meeting with partners whenever there is a need to discuss the progress of the research project. The steering committee will ultimately be a consultative body, which also has an important role in the communication of research results. The steering committee meetings will take place mostly in Helsinki.

The project will also include two international research partners:

  • Center on Household Assets and Savings Management (CHASM) is a multidisciplinary research center at the University of Birmingham in the UK. Financial education is one of their focus areas. Their participation will make it possible for the team members to learn from the best practices in the UK, share information and possibly test Finnish programs in the UK, and to develop further international projects in this area.
  • ISM University in Vilnius is a leading Lithunian University in the fields of business, management and economics. The aim of the Lithunian project will be to develop financial education in Lithuanian schools in collaborating with local providers of financial education and Lithuanian Central Bank. The funding for this project will be applied from the Lithuanian Research Council. That project will be done in a close collaboration with the project described here.