Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSINC601A 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 | FNSINC601A - Apply economic principles to work in the financial services industry |
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Description | 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. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | 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. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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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: Identify economic principles and theories related to financial services functions and tasks |
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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 a personal understanding of economic policies |
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