Level 3 Financial Studies (1 A Level Equivalent)

Course summary

Equivalent to 1 A Level You will look at a range of topics such as short term to long term financial needs and investigating the personal financial life cycle recommending suitable financial products to meet individual needs. You will also look at the impact of debt on individuals and explore the ethical and sustainable nature of the financial services industry. Units covered in this course are: Unit 1 The Purposes of Money The Personal Life Cycle Payment Methods Everyday Banking Savings Products Borrowing Products Providers Consumer Protection Budgets and Forecasts Dealing with Unexpected Events Dealing with Debt Earnings Unit 2 Needs, Wants and Aspirations Savings and Investment Products Borrowing Products Dealing with Long Term Risks Financial Planning Financial Planning and Informed Choices Dealing with Unforeseen Events Ethics and Sustainability Sources of Information and Advice Making an Informed Choice Unit 3 Personal Financial Sustainability How the State Can Help The Impact of External Factors Monitoring and Adapting Personal Financial Plans Good Debt, Bad Debt The Impact of Global Events and Ethics The Impact of Recent Changes Unit 4 Financial Service Providers Sustainability for Financial Service Providers Impact of External Factors on Financial Service Providers and the Products Offered Effectiveness of Marketing Materials Produced by Financial Service Providers Approaches by Financial Service Providers to Attract, Retain and Satisfy Consumers. Financial Market Segmentation and Product Development