Important School News

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Update from Jon Whitcombe, Trust Principal -

Secondary Statement

As you will be aware, the DfE has stated that Year 10 and Year 12 students will receive some “face to face” contact with their teachers during Term 6. Currently, we are awaiting guidance from the DfE as to what this means in practice. 

Once the guidance is published we will develop our plans and make the necessary arrangements. On June 1st we will write to you explaining what “face to face” means in practice and we will be in a position to confirm when this will commence. 

Please note that the current arrangements for online teaching for Years 10 and 12 will continue until further notice.

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Telephone : 01227 931300 Email : Office

BTEC/RSL - Finance

 

LIBF - LEVEL 3 - DIPLOMA IN FINANCIAL STUDIES

The course encourages you to become responsible borrowers and sensible savers, and to appreciate the need for financial planning throughout your life. It prepares you for further study by developing the core skills of critical analysis and evaluation, verbal communication (through classroom discussion) and written communication.

To enhance your learning you need to have an understanding of some historical events that have had a huge impact on financial markets around the world. Before the Covid 19-Pandemic we currently find ourselves a part of, the financial crisis of 2007 - 08 caused a multitude of problems globally. Having an understanding of current and past events, and their financial implications, will enable you to gain higher marks in any finance exam.

Assessment Component:

The Diploma in finance is split over two years.

The first year you will need to complete two units each consisting of a 35 question multiple choice test, as well as a written examination based on a case study.

In year two which makes up the Diploma, you will need to complete a further two units, again consisting of a 35 questions multiple choice test, and again a written examination based on a case study.

What do you know about finance?

In your first year we will mainly focus on personal finance and how this relates to individuals. In the second year we will look at how finance works on a larger scale.

Before you begin the course it is useful to become familiar with some of the products you may not have come across before.

Task 1: Your bank

If you have a bank, research what types of products they have to offer. Create a leaflet/advert which advertises their products and who would benefit the most from it. This can be done in any form that you prefer.

If you are not sure of which bank to use the research Metro Bank.

 

Task 2: What do you know about money?

How do you know if a bank note is fake? Write down what you know and then check using the Bank of England website.

https://www.bankofengland.co.uk/banknotes/counterfeit-banknotes/how-to-check-your-banknotes

 

What came before money?

https://www.investopedia.com/articles/07/roots_of_money.asp

https://www.pbs.org/wgbh/nova/article/history-money/

https://www.thoughtco.com/history-of-money-1992150

https://www.youtube.com/watch?v=WCr5UVf-vKM

Write down how you would explain what money is and what it is used for? Imagine you are explaining it to an alien visiting Earth.

Task 3: Write a prediction on how you think money will change in the next 20 years? Give reasons for your answer.

https://www.raconteur.net/finance/predictions-future-money

Task 4: Research current and past events that have impacted financial markets around the globe. What caused them? Could they have been prevented? What was the impact for people in different classes (working, middle and upper class)?

https://www.britannica.com/list/5-of-the-worlds-most-devastating-financial-crises

https://www.weforum.org/agenda/2020/04/pandemics-coronavirus-covid19-economics-finance-stock-market-crisis/

Use these websites as starting points. See what you can find out.

Bring all of these to your first lesson or email us before if you want feedback.

Films to watch:

  • Margin call

  • The Wizard of Lies

  • Wall Street - Money never sleeps

  • The Big Short

Books on the Financial Crash:

Too Big To Fail Andrew Ross Sorkin

Makers and Takers Rana Faroohar

The Greatest Ever Trade Gregory Zuckerman