Finance (KS4)

Head of Department:

TBC

Subject Overview:

The Level 2 Certificate in Financial Education (CeFE) is primarily designed for students aged 14-16 and provides an introduction to, preparation for, further study through developing understanding of the economy, financial management skills, employability and enterprise. The course introduces the students to the impact of the economy and encourages them to consider how this can affect business and the individual. Through this, it develops knowledge and transferable skills.

Key Stage 4 

Key Stage 4 Overview:

The qualification will enable students to:

  • Develop an understanding of the key content area and how they relate to each other,
  • Identify, understand and use information from a range of sources;
  • Use appropriate tools to manage a personal budget and apply these concepts to business and enterprise;
  • Demonstrate numeracy skills, including the ability to manipulate financial and other numerical data (such as calculating costs of borrowing money and spending)
  • Apply the concept of financial planning and make informed financial decisions to enhance financial literacy.

Years 10 and 11:

  • Unit 1 – Finance, the individual and society: in this unit students will understand the role of the citizen in the UK, the values held by citizens, and the impact they have on personal finance.
     
  • Unit 2- Practices of managing money: in this unit, students will understand the concept of financial planning and personal budgets. The unit will also provide students with an understanding of the impact on both the individual and society of spending and borrowing.
     
  • Unit 3- Financial capability, work and enterprise: this unit has been designed to provide learners with an understanding of how businesses manage money and the relationship between personal money management and business money management.

Assessment at Key Stage 4:

Students will cover three units over a two year period to include two multiple choice exams and one written examination.

  • Unit 1- assessed by 20 stand-alone questions and 5 sets of stimulus material each with 3 associated questions (total marks 35) this component of the examination is to be completed om 45 minutes.
     
  • Unit 2- this will be assessed through 15 stand-alone questions and 5 sets of stimulus material each with 4 associated questions (total marks 35) this component of the exam is to be completed in 45 minutes
     
  • Unit 3- this unit is assessed via a written examination. The examination is based on pre-release case study requiring written response to 5 associated questions (total 27 marks) this unit will also assess (SPAG) spelling, grammar and punctuation worth (3 marks) this component of the examination is to be completed in 1 hour