Reading around the subject and independent research sources.
Hello Finance students! After you have worked through the Finance induction video, please be ready to share your thoughts and comments on our Teams page for the different sections, as well as including these in your notes for Topic 1. The sources mentioned on slide 13 of the presentation (that you should regularly be using the read around the subject) can be found using the following links:
- BBC News – Your Money – https://www.bbc.co.uk/news/business/your_money
- Martin Lewis – moneysaving expert – https://www.moneysavingexpert.com/
- Money Advice Service (for an excellent outline of a range of financial products and situations) https://www.moneyadviceservice.org.uk/en
- This Is Money (an excellent website for money related information and news) https://www.thisismoney.co.uk/money/index.html
Please get into the habit of visiting these regularly to keep up to date with the latest financial developments, to supplement your knowledge gained during the course.
Thanks, Mrs Westwood
Unit 1 Introductory Task
Please reply to this post with your thoughts on the following questions / points as you work through the Financial Studies induction video:
- Describe some of the financial problems and challenges that people might encounter through their lives.
- What are some of the consequences of these problems?
- How might these be solved?
RESEARCH TASK: What are ‘savings products’?
Look at the website of a different financial provider such as Nationwide, Barclays, Co-op etc. and see what kind of savings products they offer, e.g. savings account, ISAs etc.
Make a summary list of your findings and identify which savings accounts seem most attractive and why. What sort of interest rates are offered? Please provide details of one savings account that you found here….
Video links for virtual Financial Studies Induction
Please use the following link for the slide on Financial Crisis 2007/2008
In order to supplement your completion of the virtual induction tasks and to enable you to complete some Flipped Learning (as discussed in the Study Skills session) please find attached the Unit 1 notes on Topics 2, 4, 6, 9 and 11 that you might like to familiarise yourself with. There is no need to print these as you will receive a textbook containing a printed copy when you register for the course. Thanks, Mrs Westwood