What is it?
You will learn how to manage money effectively using products such as overdrafts, loans, mortgages and pensions. Gaining an understanding of public finance and the economy, helping prepare for financial independence. You will be assessed through exams.
Why study this subject at Blackpool Sixth?
The course is structured and formally assessed to ensure students leave with the necessary skills to make informed decisions about saving for later in life and managing their finances effectively.
What skills will I develop?
Will be able to analyse different financial products and select the best one for an individual given their circumstances.
How will I be taught?
All materials are provided by London Institute of Banking and Finance.
Students have access to their website which contains a range of online activities and revision material.
Students are expected to work on case studies and given material in preparation for the exam.
How will I be assessed?
100% exam-based assessment for the 3 Units. Units 1 and 2 are assessed by a single 45 minute test that comprises 35 questions of:
Unit 1: 20 stand-alone multiple-choice questions and five sets of stimulus material each with three associated questions.
Unit 2: 15 stand-alone multiple-choice questions and five sets of stimulus material each with four associated questions.
Unit 3: Assessed by a pre-release case study requiring written responses. This component of the examination is to be completed in 1 hour.
Members of the department have taught the qualification for a number of years.
Field trips, projects and employability opportunities
We run annual London, New York and Paris trips. Along with Attendance reward trips to Trafford Centre and Alton Towers. Excellent work placement opportunities.
Where does it lead?
The qualification can help you pursue careers in banking and financial services. The London Institute of Banking and Finance have their own university and offer a range of higher education courses. The financially related content and skills of this qualification provide an initial foundation for continued study within accountancy, finance and business-related qualifications at Level 3. The transferable skills of research, communication and independent study developed through this course are also valuable for further study in many disciplines. This qualification develops initial knowledge, skills and understanding of financial management and enterprise, which are valued in most organisations, particularly the financial services sector, and are especially valuable in terms of self-employment,
London Institute of Banking and Finance.
- You need to have the standard entry requirements for the Route3 programme.
What will I study?
Unit 1 – Finance, the Individual and Society – 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 – 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 – How business 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.