Ten students from nine Secondary Education and Baccalaureate high school of Granada, Huelva, Sevilla, Valladolid and Ciudad Real will participate on Monday 25 May in the final of the 11th Financial Olympics of the Edufinet Project, promoted by Unicaja Banco and Fundación Unicaja. A total of 1,200 students registered in this competition, whose final, due to the situation caused by the coronavirus outbreak, will be held online.
The finalists of the Financial Olympics study at the following high schools: IES Severo Ochoa and Padre Manjón in Granada; IES Puerta de Andalucía in Huelva; IES Chaves Nogales, Ítaca and Isbilya in Sevilla; IES Alejandría in Valladolid, and IES Santa María de Alarcos in Ciudad Real.
Next Monday, the participants will have to present in five minutes the conclusions of their projects. Then, the jury will determine the winners.
The first part of this competition had been held online, through a practical case hosted in a platform in a videogame-simulation format. The students had to make investment and funding decisions depending on the information that they had and on random and changing economic and personal events. Of the 1,200 initially registered students –from Almeria, Cadiz, Cordoba, Huelva, Granada, Jaen, Malaga, Sevilla, Valladolid and Ciudad Real, nearly 210 completed their participation.
The 11th Financial Olympics are a supplement to the 11th Conferences on Financial Education for Young People, which ended this year edition on 6 March, two weeks before the initial schedule due to the situation caused by the coronavirus outbreak, and which registered a participation of nearly 17,000 students from a total of 268 high schools from several Spanish provinces, mainly Andalusia, Castilla y Leon, Castilla-La Mancha and Melilla.
Other online initiatives
Futhermore, since the state of alarm was declared by the Government to tackle the spread of the coronavirus, the Edufinet Project has participated in online sessions, such as in a course for the elderly, organized by the University of Malaga (UMA) and dealing with variable income and stock exchange. Additional participation in this activity is schedule for 25 and 27 May, to discuss the taxation of financial products.
Also, during this time, Edufinet has continued to offer different online resources to keep in contact with the citizens and to comply with its social responsibility. For that purpose, it has got the website www.edufinet.com and two specific portals (Edufiemp, for business owners and entrepreneurs, and Edufinext, aimed at young people), as well as YouTube channel. It is working on the development of a financial videogame.
In particular, through the Edufinet website, visitors have access to activities such as an online course on financial education; loan, insurance or savings simulators; basic financial calculations, or quizzes on finance.
15 years of history
The Edufinet Project was launched at the end of 2007, although its development began in 2005, within Unicaja, with the collaboration of the International University of Andalusia (Universidad Internacional de Andalucía, UNIA) and the University of Malaga (UMA). This way, it became of the pioneering institutions in Spain in launched an initiative of this kind, a work recognized with several awards.
Since it was launched, more than 152,000 people have participated in the different workshops, conferences, seminars or courses organized by the Edufinet Project, of which more than 108,000 have attended the Conferences on Financial Education for Young People. More than ten institutions and business organizations and 16 universities participate in this project.
The website of the Edufinet Project (www.edufinet.com), which includes systematic and practical information in a question-answer format where no previous knowledge is required, has received so far 8.5 million visits from nearly 180 countries.
Edufinet also promotes workshops and confernces, as well as the participation in international projects. It fosters several publications such as the ‘Financial Guide’ and the ‘Financial Guide for Business Owners and Entrepreneurs’.