10 cp Prerequisites Nil Teaching Organisation 3 hours per week for twelve weeks or equivalent.
While this unit aims to develop the financial literacy of students it also introduces the basic concepts and techniques involved the effective management of money. Students will be required to create and interpret simple financial statements. It explains and demystifies the role of credit and interest rates and uses case studies to illustrate how techniques such as the consolidation and rescheduling of debts may provide significantly savings. Basic financial products are compared and analysed. The need for and use of insurance and superannuation is investigated. The focus of this unit is towards the practical rather than the theoretical.