PFC201

NCEA Level 2 Personal Financial Capability 201

Course Description

Teacher in Charge: Mrs L. MacEwan.


Personal Financial Capabilities 201


This course is for students who would like to know more about personal finance including such things as budgeting, credit, taxation, investment, banking etc. The course aims to help students manage their own financial situations at University and beyond. The course is unit standard based but students can gain Merit and Excellence grades. A device and a calculator are strongly recommended for this course.

There is a need to be able to articulate your thoughts independently both through discussion and in written form.



Course Overview

Term 1
Two Unit Standards related to information regarding Banking and Taxation

Term 2
In Term 2, students will learn about Investments and Budgeting.

Term 3
Students will learn about financial requirements at different Life Stages; and different Insurance products

Term 4
The final term is making Informed Decisions around Financial Capability

Recommended Prior Learning

An acceptable level of aptitude towards mathematical studies as judged by the HOD of Mathematics. Can be done in conjunction with another mathematics course.

Pathway

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

Total Credits Available: 20
Internal Assessed Credits: 20
External Assessed Credits: 0
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
U.S. 24695 v4
NZQA Info

Explain taxation and other deductions relating to personal income


Level: 2
Internal or External: Internal
Credits: 2
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28092 v4
NZQA Info

Explain the effect of significant life events on personal income at different life stages


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28093 v4
NZQA Info

Describe tertiary study funding options and potential financial consequences for future choices and responsibilities


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28094 v4
NZQA Info

Produce a household budget, set a financial goal and review and adjust the budget to achieve the goal


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28095 v4
NZQA Info

Explain personal financial savings and investment options


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28096 v4
NZQA Info

Explain insurance products as financial risk management strategies for personal finances


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28097 v3
NZQA Info

Explain and select banking products and services in relation to personal finances


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 20
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0