Essential finance for you 

offered by Cambridge University

Appreciated the fundamental importance of identifying and defining financial concepts

Recognised that many common words have specialised meanings in finance

Recognised that financial terms may mean different things in different contexts

Identified and explained relevant examples

Created an appropriate expandable personal register of the concepts they are learning, concise definitions, and notes of their significance for their own professional work or personal finances

Appreciated the meaning and importance of capital

Explained why capitalism considers that the providers of capital are entitled to benefits

Identified and explained relevant examples

Added these and related concepts to their personal register of financial concepts, including the significance for their own work or personal finances, or both

Understood the meaning and importance of assets and liabilities, including financial assets and liabilities

Appreciated that every financial asset is also a financial liability, and why this is so important

Identified the meaning and importance of net worth and equity, the relationship between each of them, and their relationship with assets and liabilities

Produced and explained relevant examples

Added these concepts to their personal register with the significance for their own work or personal finances, or both

Identified a maximum of three personal action points from their work on the course to date, and noted them in their personal register, together with targeted completion dates

Appreciated the meaning and importance of interest, rates of interest, return and rates of return, including the relationships between these important concepts

Successfully undertaken simple calculations of interest and return

Understood the significance of compound interest and return

Appreciated how rates of return can be calculated from forecast and historic cash flows and their timing

Added these and related concepts to their register of financial concepts, including their personal significance

Understood the meaning and importance of risk and financial risk, and the relationship between them

Appreciated the relationship between risk and expected financial returns

Chosen appropriately between simplified case study alternative investments

Understood the potential benefits of diversification, and also its limitations

Added these concepts to their register with their personal significance

Identified a maximum of three additional personal action points from their work on the course to date, and noted them in their personal register, together with target completion dates and an accountability process