Assessor Resource
FNSINC601A
Apply economic principles to work in the financial services industry
Assessment tool
Version 1.0
Issue Date: May 2024
This unit requires the application of an understanding of economics and how this impacts on work in the financial services industry. It is an underpinning unit for which other skills required for work in the financial services industry are built. It may be applied in all sectors of the industry.
This unit describes the performance outcomes, skills and knowledge required to apply broad principles of financial economics that underpin a range of tasks and functions in the financial services industry. It includes understanding how financial instruments are priced in markets and techniques and processes government and organisations use to manage financial risk demonstrating broad knowledge of economic theories and related decision-making in a national and organisational economic context.
No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
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