NCEA Level 3 Personal Financial Capability 301
Course Description
Teacher in Charge: Mrs L. MacEwan.
Personal Financial Capability
This course follows on from PFC201 to develop the ideas in personal finance including investments, house financing, long term goals, Insurance and Kiwi Saver. The aim is 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 strong need to be able to articulate your thoughts independently both through discussion and in written form.
It is expected and an advantage for students to have a personal computer to enable work completion.
This is NOT a UE Approved Subject
Course Overview
Term 1
Term 1 course looks at Increasing Personal Income and Credit Options
Term 2
Term 2 is Financial goals, including budgeting and a Personal Investment portfolio
Term 3
Some standards may continue from Term 2. The Unit Standard to be studied is Purchasing a property
Term 4
The final Unit Standard is the effects that External Factors have on personal finances.
Recommended Prior Learning
An acceptable level of aptitude towards mathematical studies and literacy at Level 2 as judged by the HOD of Mathematics.
Pathway
Understanding in this course could be used in careers such as budget advisory, mortgage brokers, insurance brokers and financial advisory careers
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
External
NZQA Info
Evaluate options to increase personal income
NZQA Info
Evaluate credit options and select debt management strategies to manage personal finances
NZQA Info
Develop a plan to show how a budget contributes to achieving a long-term personal financial goal
NZQA Info
Evaluate savings and investment options and make a plan to create a long-term personal investment portfolio
NZQA Info
Analyse and select personal financing options for purchasing a property
NZQA Info
Analyse external risk factors and select strategies to manage their impact on personal finances