Finance

business hand press british pound currency button

finance

Year 9 only

LIBF Level 2 Award in Financial Education (AiFE) equivalent to ½ a GCSE

There are two of units that students cover on a variety of topics. These are both mandatory units that students will need study to show fully rounded knowledge and understanding of the subject. These units are:

Unit 1: Finance, the Individual and Society (FIS) – You 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 (PMM) – You will gain an understanding of the concept of financial planning and personal financial budgets. The unit will also provide an understanding of the impact on both the individual and society of spending and borrowing.

Assessment: This is a 100% exam subject. 2 external examinations. Both are multiple choice questions based on 35 stand alone and case study questions.

Further information about the course is available at http://www.libf.ac.uk

Year 10 only

LIBF Level 2 Certificate in Financial Education (CiFE) equivalent to 1 GCSE

There are three of units that students cover on a variety of topics. These are all mandatory units that students will need study to show fully rounded knowledge and understanding of the subject. These units are:

Unit 1: Finance, the Individual and Society (FIS) – You 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 (PMM) – You will gain an understanding of the concept of financial planning and personal financial budgets. The unit will also provide an understanding of the impact on both the individual and society of spending and borrowing.

Unit 3: Financial Capability, Work and Enterprise – This unit provides you with an understanding of how businesses manage money and the relationship between personal money management and business money management.  It also provides knowledge on the inter-relationship between the individual and business.

This is a 100% exam subject. Three external examinations. Units 1 and 2 are multiple choice questions based on 35 stand alone and case study questions. Unit 3 is based on a pre-released case study requiring essay responses to a number of questions.

Further information about the course is available at http://www.libf.ac.uk

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Year 12

LIBF Level 3 Diploma in Financial Studies (DipFS) equivalent to 1 A Level

There are two further units that students cover from Year 12 into Year 13 to complete the full A level equivalent course. These are both mandatory units that students will need to complete to show fully rounded knowledge and understanding of the subject. These topics are:

Unit 3: Sustainability of an Individual’s Finances (SIF): This unit highlights the importance of financial sustainability for the individual; to enable the development of skills to make sure that an individual’s financial capability is sustained over a period of time.

Unit 4: Sustainability of the Financial Services System (SFS) You will explores the financial services system and looks at how financial services providers work and compete with one another.

Assessment: Both units will be assessed by e-test/written paper made up of the following components:

  • Part A: 35 multiple choice questions in a 1-hour examination (total marks: 35 / 100)
  • Part B: Pre-release case study requiring essay responses to 5 questions in a 2-hour examination (total marks: 60 / 100)
  • Part B will also assess spelling, punctuation and grammar (SPAG) through the essay responses (total mark 5 / 100)

Further information about the course is available at http://www.libf.ac.uk