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Financial Education

Certificate in Financial Education

An option subject offered at KS4:
LIBF: London Institute of Banking and Finance (formerly known as IFS)

Level 2 Certificate in Financial Education (CeFE) 601 / 1239 / 6) which consists of three units:

Unit 1 – Finance, the Individual and Society (exam)

Students will understand the role of the citizen in the UK, the values held by citizens, and the impact they have on personal finance. 
an understanding of the contribution of an individual to the economy of a country and the impact of external factors on personal financial plans.
Unit 2 – Practices of Managing Money (exam)

students will understand the concept of financial planning and personal financial budgets
an understanding of the impact on both the individual and society of spending and borrowing
Unit 3 – Financial Capability, Work and Enterprise (exam)

an understanding of how businesses manage money
the relationship between personal money management and business money management
knowledge on the inter-relationship between the individual and business
Assessment

Students are assessed by completing end of unit exams across years 10 and 11.

Unit 1 – Exam (multiple choice)        1/3 rd of the total mark
Unit 2 – Exam (multiple choice)        1/3 rd of the total mark
Unit 3 – Exam (extended written)        1/3 rd of the total mark

Links with business

Speakers from financial institutions and opportunities to compete in a national stocks and shares challenge.

Trips

Visit to the Bank of England.

Helping your child with homework

For all humanities subjects we would encourage you to support students to read, listen or watch the news regularly.  This helps to increase your child’s awareness of current events and how these might impact on their understanding of finance.
Talking to your child about your family’s ways of managing money including budgeting, saving and using banking services will help too.