%0 Journal Article
%T Framework of Measuring Economic Competencies
%A Klaas Macha
%A Michael Schuhen
%J Journal of Social Science Education
%D 2011
%I Bielefeld University
%X 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.
%K Economic competency
%K economic literacy
%K economic education
%U http://www.jsse.org/2011/2011-3/pdf/schuhen-macha-jsse-3-2011.pdf