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Personal Finance

Aims

As a Technical award, the Level 2 Certificate in Financial Education (CeFE) is primarily designed for students aged 14-16 and provides an introduction to, and preparation for, further study through developing an understanding of the economy, financial management skills, employability and enterprise.

CeFE introduces the student to the impact of finance on the economy and encourages them to consider how this can affect business, and the individual. Through this it develops knowledge and a valuable range of applied and transferable skills and provides a foundation for further study in buisness and finance-related disciplines, as well as a wide range of other fields that are encapsulated in programmes of study related to social enterprise and vocational professional development (e.g. self-employed hairdressers, taxi drivers, garden landscapers).

The content covered, and skills developed, within the qualification ensure that it is a valuable part of a broad programme of study at Key Stage 4, particularly complementing GCSEs in Mathematics.

Key Content Areas

Public finance and the economy, including how these relate to:-

  • social, political and cultural factors;
  • political institutions and processes;
  • impacts on individuals, businesses and society

Financial management, including:

  • personal financial planning;
  • budgeting and financial management tools for managing money;
  • spending and borrowing;

Employability, enterprise and buisness, including how these relate to:

  • business financial management;
  • benefits to, and consequences for, buisnessses, individuals and society

Assessments

All components and units are mandatory and assessed. Each unit is assessed via the following method:

Unit 1:     20 stand-alone multiple choice questions and 5 sets of stimulus material each                   with 3 associated questions (total marks 35)

Unit 2:     15 stand-alone multiple-choice questions and 5 sets of stimulus material each                  with 4 associated questions (total marks 35)

Unit 3:     pre-release case study requiring written responses (total 27 marks). Spelling,                    punctuation and grammar to be marked through the written responses (total                      marks 3)

Classroom assessment takes place throughout the course in the form of a topic test which is completed at the end of each Unit Topic.

The immediacy of the online assessment model has a positive effect on student confidence. We have found that students actively support each other through the assessment with encouragement and a sense of competitiveness.

Evaluation

Student's progress is evaluated using their baseline upon entry to the Academy and the progress they actually make. This allows necessary intervention to be put in place in order in order to give students the best chance of obtaining their expected outcomes.

Intervention is broken down into two groups. Group one is the whole Y11 intervention group names based upon P8 scores and baseline to expected progress 8 for the PF course. Group two is based solely upon the baseline to expected progress for the PF course.

The 2017 cohort has 3 students in group 1 and 3 students in group 2.

Cross-curricular links

Vocabulary Events/People/Places Concepts

Procedure

 

Extended writing:

Englisg. Various: Mathematics. Subject terminology in personal development including topics such as British Values, Citizenship, entrepreneurism and inspirational young people.

Key political events and places. World wide links in studying currency, imports, exports and their effects on society. Social and cultural links. Mathematical calculations including extending fluency and problem solving. The history of political influences and money. Problem solving. Annotation of case study. Elimination techniques for multiple choice elements.

 

Career Links

Social Enterprise Vocational Business

Finance

 

Researcher

 

Coach

 

Public relations

Hairdresser

 

Gardener

 

Builder

 

Plumber

Entrepreneur

 

Buisness Analyst

 

Business Development Roles

Finance Administrator

 

Banking

 

Accountancy