MATHEMATICS IN FINANCIAL ISSUES

MATHEMATICS IN FINANCIAL ISSUES

MATHEMATICS IN FINANCIAL ISSUES

1. SCOPE

This unit standard will be useful to people who aim to achieve recognition at some level in Further Education and Training or to meet the Fundamental requirement of a wide range of qualifications registered on the National Qualifications Framework.

People credited with this unit standard are able to:

    • Use mathematics to plan and control financial instruments including insurance and assurance, unit trusts, stock exchange dealings, options, futures and bonds
    • Use simple and compound interest to make sense of and define a variety of situations including mortgage loans, hire purchase, present values, annuities and sinking funds
    • Investigate various aspects of costs and revenue including marginal costs, marginal revenue and optimisation of profit
    • Use mathematics to debate aspects of the national and global economy, including tax, productivity and the equitable distribution of resources

2. PROGRAMME ENTRY REQUIREMENTS / LEARNING ASSUMED TO BE IN PLACE

  • The credit value is based on the assumption that people starting to learn towards this unit standard are competent in Mathematics and Communications at NQF level 3.

3. DURATION

2 Days

4. UNIT STANDARDS REFERENCE

7468    Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues    NQF 4   6 credits

5. COST

Please refer to office for formal quotation.

Total Page Visits: 1399 - Today Page Visits: 1

Leave a reply

Your email address will not be published. Required fields are marked *