PFC301

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.

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 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

Total Credits Available: 25 credits.
Internally Assessed Credits: 25 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
U.S. 28098 v4
NZQA Info
Evaluate options to increase personal income
Level: 3
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28099 v3
NZQA Info
Evaluate credit options and select debt management strategies to manage personal finances
Level: 3
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28100 v4
NZQA Info
Develop a plan to show how a budget contributes to achieving a long-term personal financial goal
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28101 v4
NZQA Info
Evaluate savings and investment options and make a plan to create a long-term personal investment portfolio
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28102 v4
NZQA Info
Demonstrate understanding of risk and return on investment for a personal financial investment portfolio
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28103 v3
NZQA Info
Analyse and select personal financing options for purchasing a property
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28104 v3
NZQA Info
Analyse external risk factors and select strategies to manage their impact on personal finances
Level: 3
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 25
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0