Apply economic principles to work in the financial services industry

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSINC601A, 'Apply economic principles to work in the financial services industry'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Apply economic principles to work in the financial services industry' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

1. Identify economic principles and theories related to financial services functions and tasks

1.1. Knowledge of economic principles that apply to the industry is developed and applied

1.2. Microeconomic theory of markets and how this influences financial products and services is understood

1.3. Capital adequacy regulation and requirements as they apply to work functions are accessed and considered

2. Evaluate economic aspects that apply to decision making

2.1. Relevant financial modelling techniques are applied to economic data to inform decision making

2.2. Appropriate asset pricing models and their application are known and used

2.3. Models of determining organisational value in relation to capital structure are applied

3. Review own work

3.1. Own work is evaluated in the context of relevant economic principles

3.2. Ways to improve performance through understanding of how economics applies to own decision making are considered

4. Maintain a personal understanding of economic policies

4.1. Current economic theories and their impact on the industry are researched to ensure relevant knowledge is current

4.2. Contemporary economic principles are integrated into work practices


Qualifications and Skillsets

FNSINC601A appears in the following qualifications:

  • FNS51710 - Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management
  • FNS60210 - Advanced Diploma of Accounting
  • FNS51610 - Diploma of Securitisation
  • FNS50210 - Diploma of Accounting
  • FNS51611 - Diploma of Securitisation
  • FNS51715 - Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management