Código: 2.4.1
Understand economic and financial concepts.
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Descriptores
1 · Discover
Lo que aprendes en este nivel
I can recall basic terminology and symbols related to money.
2 · Explore
Lo que aprendes en este nivel
I can explain simple economic concepts (for example, supply and demand, market price, trade).
3 · Experiment
Lo que aprendes en este nivel
I can use the concept of opportunity costs and comparative advantage to explain why exchanges happen between individuals, regions and nations.
4 · Dare
Lo que aprendes en este nivel
I can read income statements and balance sheets.
5 · Improve
Lo que aprendes en este nivel
I can explain the difference between a balance sheet and a profit-and-loss account.
6 · Reinforce
Lo que aprendes en este nivel
I can build financial indicators (for example, return on investment).
7 · Expand
Lo que aprendes en este nivel
I can use financial indicators to assess the financial health of a value-creating activity.
8 · Transform
Lo que aprendes en este nivel
I can use financial indicators to compare the financial health of my value-creating activity with that of competitors