NCEA Level 3 Financial Mathematics

Aim

This course is intended for learners who have not always found the study of mathematics easy but are keen to continue with the subject. The course develops learners ability to work with statistics on a practical level and includes a clear focus on personal finance.

Course content

Determining the trend for time series data
Determining relationships using bivariate data
Evaluating statistically based reports
Understanding risk and return
Setting a complex personal goal and plan for its implementation
Showing an understanding of critical paths leading into basic project planning

Assessment

There are a variety of assessment tasks and school examinations. Externally assessed topics are examined nationally at the end of the year.

Qualification gained

Full course completion - 22 credits at NCEA Level 3

Note: The two Unit Standards do not qualify for University Entrance, so to gain the 14 UE credits from this class learners must pass all of the Achievement Standards including the External.

This subject has links with

Economics, Geography

Prior knowledge required

Open entry

Next step

University and Polytechnic studies, the wider working world and personal finance.

Achievement Standard

91576 3.4 2 Credit Internal Use critical path analysis in solving problems

91580 3.8 4 Credit Internal Investigate time series data

91581 3.9 4 Credit Internal Investigate bivariate measurement data

91584 3.12 4 Credit External Evaluate statistically based reports

Unit Standard

28101 US 4 Credit Internal Create a long-term personal financial investment portfolio

28100 US 4 Credit Internal Develop a plan to achieve a long-term personal financial goal(s)

Course contribution: $15 indicative amount, may be subject to change.

Workbooks.

(A scientific calculator is required)