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 recommend 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

Total Credits Available: 19 credits.
Internally Assessed Credits: 19 credits.

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. 24699 v4
NZQA Info
Make an informed decision relating to personal income and explain its impacts
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. 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: 19
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0