L2FLI

Level 2 Financial Literacy

Course Description

Teacher in Charge: Mrs P. Blud

What will I learn and how will I learn?
The focus of this course is Personal Financial Management. It is designed for students who want to gain knowledge about various topics related to their own financial plans and how to manage money. Credits gained in this course are NOT Mathematics credits, but they DO count towards students' NCEA credit total.

It is useful if students have their own calculator. While the school has sets available for use at school, students need their own for homework and other out of school activities. The school uses a Jastek. The department has some calculators available for purchase at very competitive prices. Check with the class teacher or Mrs Blud.

Conditions of Assessment
All topics in this course are internally assessed, ie, the school assesses the students.

Resubmissions and Further Assessment Opportunities


Recommended Prior Learning

Entry is open.

Pathway

Credit Information

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Total Credits Available: 16 credits.
Internally Assessed Credits: 16 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
U.S. 24695 v3
NZQA Info
Explain taxation and other deductions relating to personal income
3
3
3
Level: 2
Internal or External: Internal
Credits: 2
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 24699 v3
NZQA Info
Make an informed decision relating to personal income and explain its impacts
Level: 2
Internal or External: Internal
Credits: 2
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28092 v3
NZQA Info
Analyse the effect of significant life events at different life stages on personal financial income
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28094 v3
NZQA Info
Produce a balanced household budget and adjust the budget to reflect changing financial circumstances

Further assessment opportunities will not be offered for this standard inline with NZQA guidelines

Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28096 v3
NZQA Info
Demonstrate understanding of insurance products for personal financial capability
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28097 v2
NZQA Info
Analyse and select banking products and services in relation to personal finances
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 16
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 0