Inverness. April Transforming lives through learning

Transcription

1 Inverness April 2016

2 Financial Capability Understanding Competence Responsibility Enterprise

3 Early level I am developing my awareness of how money is used and can recognise and use a range of coins. First level I can use money to pay for items and can work out how much change I should receive. I have investigated how different combinations of coins and notes can be used to pay for goods or be given in change. Second level I can manage money, compare costs from different retailers, and determine what I can afford to buy. I understand the costs, benefits and risks of using bank cards to purchase goods or obtain cash and realise that budgeting is important. I can use the terms profit and loss in buying and selling activities and can make simple calculations for this.

4 Third level Fourth level When considering how to spend my money, I can source, compare and contrast different contracts and services, discuss their advantages and disadvantages, and explain which offer best value to me. I can budget effectively, making use of technology and other methods, to manage money and plan for future expenses. I can discuss and illustrate the facts I need to consider when determining what I can afford, in order to manage credit and debt and lead a responsible lifestyle. I can source information on earnings and deductions and use it when making calculations to determine net income. I can research, compare and contrast a range of personal finance products and, after making calculations, explain my preferred choices.

5 First level In real-life settings and imaginary play, I explore how local shops and services provide us with what we need in our daily lives. Second level I have developed an understanding of the importance of local organisations in providing for the needs of my local community. Third level Through exploring ethical trading, I can understand how people s basic needs are the same around the world, discussing why some societies are more able to meet these needs than others.

6 Third level When participating in an enterprise activity, I can explore ethical issues relating to business practice and gain an understanding of how businesses help to satisfy needs. I can present conclusions about the impact of the globalisation of trade on patterns of work and conditions of employment in Scotland, the UK or beyond. Fourth level I can critically examine how some economic factors can influence individuals, businesses or communities. I can research the purposes and features of private, public and voluntary sector organisations to contribute to a discussion on their relationships with stakeholders. I can evaluate working practices available to employees within different types of business organisations.

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8 Understanding money in a digital world Paypal Contactless technologies Foreign currency on line purchase Peer to peer lending Crowd source funding and financing Just giving online support for charities Paying or donating by text messaging many organisations use this for television charity appeals. Transport apps Lothian Buses (Scotland), Oyster Card London Wearable technologies

9 Understanding risks and rewards Online shopping and banking (cyber security/resilience) Saving and investing Borrowing Personal finance products Gambling

10 Analysing the impact of financial decisions Take responsibility for your own financial decisions Impact of your financial decisions on other people Impact of other people s financial decisions on you

11 Senior Phase years old SQA Certification and Courses Lifeskills Mathematics Accounting and finance Economics Business management Home economics Travel and tourism Personal development awards

12 Money Weeks Do themed events have an impact on learning and how do we know? Baseline The money mate good assessment processes Implementation ensuring progression in learning Impact young people, teachers, parents/carers

13 Head what do I know about money? Hands what can I do with money? Heart what do I feel about money? Feet how can I use money to help me and others in the future?

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