Mathematics Level 3

Overview

Mathematics is used to manage various financial instruments like insurance, stocks, bonds while helping understand situations like home loans, annuities, and optimising profit through cost analysis.

Mathematics is used to manage various financial instruments like insurance, stocks, bonds while helping understand situations like home loans, annuities, and optimising profit through cost analysis. Additionally, it enables debates on economic aspects such as tax, productivity, and fair resource distribution at both national and global levels.

Course Content

Unit 1: Use mathematics to plan and control financial instruments

Plans are sufficient to ensure effective control of financial instruments
Calculations are carried out using computational tools efficiently and correctly and solutions obtained are verified in terms of the context
Measures used for control purposes are appropriate to the need and are in line with control plans

Unit 2: Use simple and compound interest to make sense of and define a variety of situations

The differences between simple and compound interest are described in terms of their common applications and effects
Methods of calculation are appropriate to the problem types
Computational tools are used efficiently and correctly and solutions obtained are verified in terms of the context or problem
Solutions to calculations are used effectively to define the changes over a period of time

Unit 3: Investigate various aspects of costs and revenue

Values are calculated correctly
Mathematical tools and systems are used effectively to determine and describe the relationships between the various aspects of costs and revenue
Terminology is used in the correct context
Reasonable methods are described for the control of costs and optimisation of profits in relation to given data

Unit 4: Use mathematics to debate aspects of the national and global economy

Values are calculated correctly
Mathematical tools and systems are used effectively to determine, compare and describe aspects of the national and global economy
Debating points are based on well-reasoned arguments and are supported by mathematical information

Accreditation

Non-accredited: Short course only
Duration: 1h 40m
Delivery: Classroom/Online/Blended
Access Period: 12 Months