Download PAMSA Learnerships

National Certificate in Paper & Pulp Manufacturing NQF Level 4
Use
mathematics to
investigate and
monitor the
financial
aspects of
personal and
business and
national issues
Commissioned by PAMSA
and German Technical Co-Operation
1
National Certificate in Paper & Pulp Manufacturing NQF Level 4
Use mathematics to investigate and monitor
the financial aspects of personal and business
and national issues
Topics
Modules
Notional
Hours
P&P4FM
BF412.59
Understanding the national budget
12
BF412.60
Understanding inflation
10
BF412.61
Understanding things monetary and fiscal
BF412.62
Understanding interest rates
10
BF412.63
Understanding exchange rates
12
P&P4FM
BF412.64
Understanding daily economic indicators
10
Economics
6
National budget
P&P4FM
Financial matters
Total Notional Hours 60
Commissioned by PAMSA
and German Technical Co-Operation
2
National Certificate in Paper & Pulp Manufacturing NQF Level 4
US: 9014
Use mathematics to investigate and monitor the financial aspects of
personal and business and national issues
Critical Cross-field Outcomes
BF412.59
Understanding the national budget
Identify and solve
problems
Work effectively with
others
Be able to present interpretations of the
budget using different representations
Understand the basic budget cycle
Understand the inclusion of unallocated
contingency reserve in the budget
Understand the division of revenue
Understand what GDP is
Organise and manage
myself and my activities
Collect, analyse, organise
and critically evaluate
information
Understand what the budget deficit is and
how it is calculated
Understand government debt and debt
service cost
Communicate effectively
Use science and
technology effectively and
critically
Understand the budget allocation
between national, provincial and local
government
Understand where government gets its
revenue from
Demonstrate an
understanding of the
world as a set of related
systems
Use mathematics
Learner and societal
development
Commissioned by PAMSA
and German Technical Co-Operation
3
National Certificate in Paper & Pulp Manufacturing NQF Level 4
Topic Specification: BF412.59
Execute, test and
evaluate
Analyse, plan and
make decisions
Collect Information
Learning Activities
Use Multi media
Self Study
Plant investigation
Media search
Understanding the national budget
Assignment Description
W
H
A
T
An individual exercise to study and
analyse the national budget and to
present findings using different
representations
HOW
Interview experts
Attend lectures
•Are able to analyse the national budget in terms of
income and expenditure
•Are able to explain the cost of government
services
•Are able to explain government’s priorities as
reflected in the budget
Learners to obtain relevant extracts of the national
budgets over a given period from the internet
•Are able to explain government debt and the cost
thereof
2.
Compare the division of revenue of the current and
previous year’s budgets using pie charts and
indicate, where applicable, shifts in government
priorities
•Are able to use basic maths to analyse the
national budget
•Are able to make use of different representations
to present interpretation of the budget
3.
Illustrate the different sources of government
revenue and the percentage contribution of the
different sources for two consecutive years and
indicate changes
4.
Analyse government debt and debt services costs
as a % of GDP over a given period and present
findings using tables and graphs
5.
Determine the budget deficit as a percentage of the
GDP over a given period
6.
Present findings to group and discuss findings in a
group
Illustrate
Case studies
Analyse and
compare
Job assignment
Make presentation
The assessor will observe and confirm
that learners:
1.
Group Discussions
Calculate
Topic assessment criteria
Complete documents
Draft a report
Complete a
questionnaire
Commissioned by PAMSA
Notional
Hours
4
and German Technical Co-Operation
4
National Certificate in Paper & Pulp Manufacturing NQF Level 4
US: 9014
Use mathematics to investigate and monitor the financial aspects of
personal and business and national issues
Critical Cross-field Outcomes
BF412.60
Understanding inflation
Understand the governments’s
inflation targeting
Understand government spending
and inflation
Work effectively with
others
Communicate effectively
Organise and manage
myself and my activities
Collect, analyse, organise
and critically evaluate
information
Be able to calculate the rate
inflation over specific periods
Understand how inflation is
measured and expressed
Identify and solve
problems
Understand the social and
political effects of inflation
Understand the economic
effects of inflation
Understand the causes of inflation
Understand the effect of inflation on debtors and
creditors
Understand what inflation is
Use science and
technology effectively and
critically
Demonstrate an
understanding of the
world as a set of related
systems
Use mathematics
Learner and societal
development
TOPIC SPECIFICATION
and German Technical Co-Operation
Commissioned by PAMSA
5
National Certificate in Paper & Pulp Manufacturing NQF Level 4
Topic Specification: BF412.60
Execute, test and
evaluate
Analyse, plan and
make decisions
Collect Information
Learning Activities
Use Multi media
Self Study
Plant investigation
Media search
Understanding inflation
Assignment Description
W
H
A
T
Interview experts
A individual and group exercise to
determine the rates of inflation over
specific periods using formulae, and to
discuss the social, political and
economic impact of inflation as well as
governments ability to deal with
inflation
HOW
Group Discussions
1.
Facilitator to provide learners with relevant
consumer prices
2.
Calculate following inflation rates using formulae
provided by facilitator –
Illustrate
Calculate
•
Month on same month during previous year
Analyse and
compare
•
Month on previous month at an annual rate
•
Quarterly average on previous quarterly
average an an annual rate
Job assignment
•
Annual average on 1.
annual average
Make presentation
3.
Learners to study inflation rates provided by the
facilitator over a given period and present the
movement of inflation using graphs
4.
Group discussion to discuss inflation and its social,
political and economic impact and government’s
ability to curb inflation
Complete documents
Draft a report
The assessor will observe and confirm
that learners:
•Understand what inflation is, what causes inflation
and its effects on the social and economic
environment
•Understand the link between government
spending and inflation
•Use mathematics to calculate rates of inflation
Attend lectures
Case studies
Topic assessment criteria
Complete a
questionnaire
Commissioned by PAMSA
•Are able to analyse the movement of inflation and
compare government’s inflation targeting to actual
targeting
Notional
Hours
4
and German Technical Co-Operation
6
National Certificate in Paper & Pulp Manufacturing NQF Level 4
US: 9014
Use mathematics to investigate and monitor the financial aspects of
personal and business and national issues
Critical Cross-field Outcomes
BF412.61
Understanding things monetary and
fiscal
Understand the factors that can influence
money supply
Understand the money supply, inflation and
interest rates
Understand why the Reserve Bank and
the banking sector as a whole should be
independent
Understand the function of the Reserve Bank
Know the difference between fiscal and monetary
Identify and solve
problems
Work effectively with
others
Communicate effectively
Organise and manage
myself and my activities
Collect, analyse, organise
and critically evaluate
information
Use science and
technology effectively and
critically
Demonstrate an
understanding of the
world as a set of related
systems
Use mathematics
Learner and societal
development
Commissioned by PAMSA
and German Technical Co-Operation
7
National Certificate in Paper & Pulp Manufacturing NQF Level 4
Topic Specification: BF412.61
Execute, test and
evaluate
Analyse, plan and
make decisions
Collect Information
Learning Activities
Use Multi media
Self Study
Plant investigation
Media search
Understanding things monetary and fiscal
Assignment Description
W
H
A
T
An individual exercise to present the
decrease/increase of interest rates over
a given period and a group exercise to
discuss reasons for the
decrease/increase
Interview experts
Attend lectures
HOW
Topic assessment criteria
The assessor will observe and confirm
that learners:
•Ability to present the decrease/increase of interest
rates over a given period
•Understanding of the reasons behind
increases/decreases
•Understanding the factors that influence money
supply
•Understanding of money supply in relation to
inflation and interest rates
•Understanding of the role of the Reserve Bank
Group Discussions
Illustrate
1.
Facilitator to provide learners with relevant
newspaper articles or other literature
dealing with the increase/decrease of the
interest rates over a given period
2.
Learners (individually) to study the
literature, analyse the data and present
data using appropriate representations
3.
Learners, with the assistance of the
facilitator, to discuss the reasons for the
increase/decrease of interest rates by the
Reserve Bank
Case studies
Calculate
Analyse data
Job assignment
Make presentation
Complete documents
Draft a report
Notional
Hours
Complete a
questionnaire
4
Commissioned by PAMSA
and German Technical Co-Operation
8
National Certificate in Paper & Pulp Manufacturing NQF Level 4
US: 9014
Use mathematics to investigate and monitor the financial aspects of
personal and business and national issues
Critical Cross-field Outcomes
BF412.62
Understanding interest rates
Identify and solve
problems
Work effectively with
others
Communicate effectively
Understand factors influencing the determination of
interest rates
Organise and manage
myself and my activities
Collect, analyse, organise
and critically evaluate
information
Understand the
advantages/disadvantages between
fixed and flexible rates
Be able to calculate real
interest
Understand the difference between real and nominal
interest rates
Understand the different interest rates (e.g. repo rate,
bank rate)
Use science and
technology effectively and
critically
Demonstrate an
understanding of the
world as a set of related
systems
Use mathematics
Learner and societal
development
Commissioned by PAMSA
and German Technical Co-Operation
9
National Certificate in Paper & Pulp Manufacturing NQF Level 4
Topic Specification: BF412.62
Execute, test and
evaluate
Analyse, plan and
make decisions
Collect Information
Learning Activities
Use Multi media
Self Study
Plant investigation
Media search
Assignment Description
W
H
A
T
Interview experts
Attend lectures
1.
Individual learners to calculate the
projected return on an investment using
given formulae
2.
Give feedback to the group by means of
appropriate representations and discuss
the importance of inflation when planning
for retirement
1. with actual
Facilitator to provide learners
Case studies
Calculate
Analyse and
compare
Job assignment
3.
Make presentation
Topic assessment criteria
The assessor will observe and confirm
that learners:
•Are able to explain the importance of inflation
when planning for retirement
•Are able to explain how interest rates are
determined
•Are able to explain the difference between real
and nominal interest and calculate real interest
•Are able to calculate rate of return of an
investment by using available tools (excel,
Microsoft works etc.)
•Understanding of the advantages/disadvantages
of fixed and flexible rates
inflation rates, interest rates and average
annual rise in family homes over the
previous 10 years
Complete documents
Draft a report
An individual study to determine the
projected return on an investment over
a given period using realistic inflation
and interest rates and a group case
study to evaluate the best return on
investment,i.e. fixed-deposit at a bank
versus buying a home versus buying a
production machine
HOW
Group Discussions
Illustrate
Understanding interest rates
4.
Complete a
questionnaire
Commissioned by PAMSA
Learners to calculate the return on the
fixed-deposit and compare that with that of
a house/machine bought
and German Technical Co-Operation
Notional
Hours
4
10
National Certificate in Paper & Pulp Manufacturing NQF Level 4
US: 9014
Use mathematics to investigate and monitor the financial aspects of
personal and business and national issues
Critical Cross-field Outcomes
BF412.63
Understanding exchange rates
Understand foreign exchange losses
Work effectively with
others
Communicate effectively
Know South Africa’s major trading
partners
Understand the importance of
South African imports and
exports
Identify and solve
problems
Organise and manage
myself and my activities
Understand the composition of South
Africa’s exports and imports
Understand what the balance of
payment is and its influence on
the exchange rate
Understand how the exchange rate
is determined
Understand the balance of
payments as a monthly indicator
Understand how the rate of exchange
is quoted
Collect, analyse, organise
and critically evaluate
information
Use science and
technology effectively and
critically
Demonstrate an
understanding of the
world as a set of related
systems
Understand what the rate of exchange is
Use mathematics
Learner and societal
development
Commissioned by PAMSA
and German Technical Co-Operation
11
National Certificate in Paper & Pulp Manufacturing NQF Level 4
Topic Specification: BF412.63
Execute, test and
evaluate
Analyse, plan and
make decisions
Collect Information
Learning Activities
Use Multi media
Self Study
Plant investigation
Media search
Understanding exchange rates
Assignment Description
W
H
A
T
An individual and group exercise to
determine impact of the
depreciation/appreciation of the rand
on the cost of buying production
equipment
HOW
Group Discussions
1.
Facilitator to provide learners with the the
rate of exchange over a given period and
the cost of various production equipment
(import as well as export)
2.
Individually calculate the cost of
production equipment over the given
periods using the exchange rates provided
by the facilitator
3.
Analyse the costs and present findings to
the rest of the group by making use of
illustrations (graphs etc.)
4.
In a group, discuss the impact of the
exchange rate on foreign exchange losses
Case studies
Calculate
Job assignment
Make presentation
Complete documents
Draft a report
•Are able to explain the importance of South
Africa’s import and export and import and its
composition
•Are able to explain how the exchange rate is
determined and the impact of the exchange rate on
import and export
Attend lectures
Analyse and
compare
The assessor will observe and confirm
that learners:
•Are able to explain the balance of payments
Interview experts
Illustrate
Topic assessment criteria
Complete a
questionnaire
Commissioned by PAMSA
•Are able to explain the impact of the exchange
rate on foreign exchange losses
•Are able to explain the current and capital account
Notional
Hours
4
and German Technical Co-Operation
12
National Certificate in Paper & Pulp Manufacturing NQF Level 4
US: 9014
Use mathematics to investigate and monitor the financial aspects of
personal and business and national issues
Critical Cross-field Outcomes
BF412.64
Understanding daily economic
indicators
Identify and solve
problems
Work effectively with
others
Communicate effectively
Understand the main financial markets as
economic indicators (JSE etc)
Understand the African currencies as economic
indicators (Pula, Zim)
Organise and manage
myself and my activities
Collect, analyse, organise
and critically evaluate
information
Use science and
technology effectively and
critically
Understand the foreign currencies as economic
indicators (Dollar, Pound, Euro)
Understand brent oil as an economic
indicator
Understand Platinum as an economic
indicator
Understand the gold price as an economic indicator
Demonstrate an
understanding of the
world as a set of related
systems
Use mathematics
Learner and societal
development
Commissioned by PAMSA
and German Technical Co-Operation
13
National Certificate in Paper & Pulp Manufacturing NQF Level 4
Topic Specification: BF412.64
Execute, test and
evaluate
Analyse, plan and
make decisions
Collect Information
Learning Activities
Use Multi media
Self Study
Plant investigation
Media search
Understanding exchange rates
Assignment Description
W
H
A
T
An individual exercise to study the
movement of the daily indicators
broadcasted on the news over a given
period and a group discussion to
determine possible reasons and effects
on the economy of the movements
Interview experts
Attend lectures
HOW
Group Discussions
Illustrate
1.
Make notes of in the individual financial
market indicators broadcasted daily on TV
over a given period
2.
Analyse the data and present results to the
group using appropriate representation
3.
With the assistance of the facilitator
discuss the possible causes for the
downward or upward movement and
possible effects on the economy
Case studies
Analyse data
Prepare list
Job assignment
Make presentation
Topic assessment criteria
The assessor will observe and confirm
that learners:
•Are able to explain the purpose of the daily
financial market indicators
•Are able to explain the likely effect of downward or
upward movement of these indicators
•Are able to understand the different economic
indicators as a reflection of the economy on a dayto-day basis
•Are able to follow the movement of indicators over
a given period and to present findings using
appropriate representations
Complete documents
Draft a report
Notional
Hours
Complete a
questionnaire
4
Commissioned by PAMSA
and German Technical Co-Operation
14