Code: 4.7.2 · Adults
Macroeconomic Impact on Personal Finance
Descriptors
Knowledge
What you can do at this level
- Kresiliencedaily-lifelarge-majority
Understands that changes to policies on issues such as state benefits, interest rates, pension reforms or employment laws can have an impact on personal financial decisions and plans
- Kresiliencedaily-lifelarge-majority
Knows the main bodies with an influence on the economic and financial system
Skill
What you can do at this level
- Sresiliencedaily-lifelarge-majority
Makes changes to financial plans when necessary based on an assessment of the impact of external factors
- Ssustainableresiliencedaily-lifelarge-majority
Identifies strategies to ensure the resilience of financial asset to medium to long-term factors and risks (including climate-related risks)
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.