Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSINC601 Mapping and Delivery Guide
Apply economic principles to work in the financial services industry
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSINC601 - Apply economic principles to work in the financial services industry |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the 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.It applies to individuals who have an understanding of economics and how this impacts on work in the financial services industry. It also underpins other skills required for work in the financial services industry and may be applied in all sectors of the industry.No licensing, legislative or certification requirements apply to this unit at the time of publication. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the industry capability field and include access to: common office equipment, technology, software and consumables. current financial services industry economic literature and research. Assessors must satisfy NVR/AQTF assessor requirements. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Apply economic principles and theories |
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Element: Evaluate economic aspects that apply to decision making |
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Element: Review own work |
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Element: Maintain personal understanding of economic policies |
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