|Unit Standard ID:||7468|
|Unit Standard Title:||Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues|
|Module:||Project Management Fundamentals|
|Qualification:||National Certificate: Generic Management|
|Programme:||Certificate in General Management & Leadership|
|Purpose:||This unit standard will be useful to people who aim to achieve recognition at some level in Further Education and Training or to meet the Fundamental requirement of a wide range of qualifications registered on the National Qualifications Framework. |
People credited with this unit standard are able to:
1.) Use mathematics to plan and control financial instruments including insurance and assurance, unit trusts, stock exchange dealings, options, futures and bonds.
2.) Use simple and compound interest to make sense of and define a variety of situations including mortgage loans, hire purchase, present values, annuities and sinking funds.
3.) Investigate various aspects of costs and revenue including marginal costs, marginal revenue and optimisation of profit.
4.) Use mathematics to debate aspects of the national and global economy, including tax, productivity and the equitable distribution of resources.
|Entry Requirements:||The credit value is based on the assumption that people starting to learn towards this unit standard are competent in Mathematics and Communications at NQF level 3.|
|Course Objectives:||1.) Identify and solve problems using critical and creative thinking: |
Solving a variety of numerical and financial problems. Use mathematics:
Use mathematics to analyse, describe and represent financial situations and to solve problems.
2.) Collect, analyse, organise and critically evaluate information:
Gather, organise, evaluate and interpret financial information to plan and make provision for monitoring budgets and other financial situations.
3.) Communicate effectively:
Use everyday language and mathematical language to describe relationships, processes and problem solving methods.