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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