Ebio enterprise living map

Starting up work as a small business and earn money while you share with others and the processes and procedures are repeated many times. (16 credits)

Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues (7468) - Fundamental Unit Standard

Specific Outcome

Assessment criteria

Bridging the Gap

Ebio Competency Programme: Information and Examples

Organize and Review your competencies

Use mathematics with experts in value exchanged contracts to investigate and monitor the financial aspects of personal, business, national and international issues.

SO 1

Use mathematics to plan and control financial instruments (insurance and assurance, unit trusts, stock exchange dealings, options, futures and bonds).

AC 1.1

Plans are sufficient to ensure effective control of financial instruments.

AC 1.2

Calculations are carried out using computational tools efficiently and correctly and solutions obtained are verified in terms of the context.

AC 1.3

Measures used for control purposes are appropriate to the need and are in line with control plans.

SO 2

Use simple and compound interest to make sense of and define a variety of situations (mortgage loans, hire purchase, present values, annuities and sinking funds).

AC 2.1

The differences between simple and compound interest are described in terms of their common applications and effects.

AC 2.2

Methods of calculation are appropriate to the problem types.

AC 2.3

Computational tools are used efficiently and correctly and solutions obtained are verified in terms of the context or problem.

AC 2.4

Solutions to calculations are used effectively to define the changes over a period of time.

SO 3

Investigate various aspects of costs and revenue (Aspects of costs and revenue include: marginal costs, marginal revenue and optimisation of profit).

AC 3.1

Values are calculated correctly.

AC 3.2

Mathematical tools and systems are used effectively to determine and describe the relationships between the various aspects of cost and revenue.

AC 3.3

Terminology is used in the correct context.

AC 3.4

Reasonable methods are described for the control of costs and optimisation of profits in relation to given data.

SO 4

Use mathematics to debate aspects of the national and global economy (Aspects include: exchange rates, imports, exports, comparative effectiveness of currency in relation to remuneration, monetary policy and the control of inflation).

AC 4.1

Values are calculated correctly.

AC 4.2

Mathematical tools and systems are used effectively to determine, compare and describe aspects of the national and global economy.

AC 4.3

Debating points are based on well-reasoned arguments and are supported by mathematical information.