Finance
Department Vision
Our aim is the make our students financially aware of the decisions they will have to make later in life. Through the studying of finance, we want to equip them with the knowledge to make sound financial decisions as a young adult to enable them to prosper in life. Through our lessons they will be posed with many problems, mature in nature in which we will seek to find the appropriate solution and be financially literate with their oracy.
Years 8 & 9
Year 8
Term |
Topic |
Learning outcome |
Term 1 |
What is money |
-Explain the purposes of money; and |
What is means to be a citizen |
-Understand the term ‘citizen’; |
|
Term 2 |
Personal finance and the economy |
-Describe how government policies influence personal finance; |
What is income |
-Define income; |
|
Term 3 |
How the economic system works |
-Explain the nature and role of money in society; and |
Term 4 |
The economic impact of personal financial choices |
-Describe how good personal financial choices affect society; and |
Term 5 |
How inflation and interest rates impact on |
-Describe the features of inflation; |
Term 6 |
The impact of economic cycles & demographic changes
|
-Outline the short-term and long-term effects of economic cycles; and |
Year 9
Term |
Topic |
Learning outcomes |
Term 1
|
Budgeting |
-Understand what is meant by the term ‘budgeting’; |
What can affect a budget |
-Explain how external factors can impact on a budget; |
|
Term 2 |
Personal budgets and spending choices |
-Carry out simple calculations relating to budgets and spending; |
The real cost of spending |
-Explain the term ‘value for money’; |
|
Term 3 |
Borrowing products |
-Describe the different reasons for personal borrowing; |
Term 4 |
The implications of borrowing |
-Explain the factors to consider when deciding whether to borrow; |
Term 5 |
Enterprise and entrepreneurs |
-Explain what the term ‘entrepreneur’ means; |
Term 6 |
People and Business |
-Describe the impact on a business of individuals’ behaviours; |