Level 3 Financial Literacy
What should I have already achieved?
This is open entry course, subject to entry by Curriculum Leader Social Science.
Note - A subject endorsement is not possible in Financial Literacy. Credits gained count towards NCEA Level 3. This is not a university entrance subject.
A subject course in Commerce subjects taken at Year 12 would be an advantage but not a requirement.
What will I learn?
Financial literacy at Level 3 on the NZQA framework equips learners with the skills and knowledge to manage personal and business finances effectively. It fosters the ability to make informed decisions regarding budgeting, saving, investing, borrowing, and understanding financial systems.
Key benefits include:
Practical Life Skills: Prepares individuals to handle real-world financial situations like managing debt, understanding credit, and planning for future expenses.
Informed Decision-Making: Builds critical thinking to evaluate financial risks and opportunities.
Economic Participation: Enables active and responsible participation in the economy.
Career Readiness: Enhances employability by providing foundational financial management skills valuable in personal and professional settings.
Long-term Security: Supports planning for long-term goals such as retirement, education, or business investments.
This knowledge aligns with New Zealand’s focus on creating financially capable citizens who can contribute positively to society.
How will this course be assessed?
All Unit Standards are internally assessed. Assessments are on- going and will take place during class time as and when the students are ready to complete each task. Standards marked with an asterisk (*) can only be awarded an 'Achieved' or 'Not Achieved' grade. All other standards can be awarded 'Achieved', 'Merit', or 'Excellence'. Students must follow the assessment criteria for each standard. These criteria may change between standards. At all times, students are expected to hand in their own. original work.
Will there be any FAO? (Further Assessment Opportunities)
Due the length and nature of all the assessments no FAO are possible. Students will be allowed re-submissions to correct minor errors.