This course will be useful to people who aim to achieve recognition at some level in Further Education and Training or to meet the Fundamental requirement of a wide range of qualifications registered on the National Qualifications Framework.

People credited with this unit standard are able to:

• Use mathematics to plan and control financial instruments including insurance and assurance, unit trusts, stock exchange dealings, options, futures and bonds
• Use simple and compound interest to make sense of and define a variety of situations including mortgage loans, hire purchase, present values, annuities and sinking funds
• Investigate various aspects of costs and revenue including marginal costs, marginal revenue and optimisation of profit
• Use mathematics to debate aspects of the national and global economy, including tax, productivity and the equitable distribution of resources.