The Business Studies Department

Key Stage 3 - Years 7 to 9

Year 9

Pupils at Ely College study one 60-minute lesson each week in mixed ability classes.
Over the course of the year our Year 9 pupils will have the opportunity to study and gain the ifs Level 1 Award in Personal Finance which is the equivalent of a foundation GCSE and is based upon two 30 minute multiple choice exams.

The ifs Level 1 Award in Personal Finance (APF1) has been designed to equip pupils with the knowledge and skills to be able to cope confidently and effectively with basic financial encounters they are likely to meet. They will learn what influences how we spend or save and how to become competent at managing their own money.

Learners will understand what influences how we save or spend money and the tools available to help them become competent at managing their own money. This will be achieved by learning about:

• where money comes from in terms of its origins, who makes it and its features
• where to store money; how it can be accessed
• sources of income and the associated features
• how money can be exchanged for goods
• spending
• how to manage a personal financial budget

Qualification Structure

Achievement of a pass in both units leads to the award of the ifs Level 1 Award in Personal Finance (APF1).

• POM – Principles of Money (Unit 1) H/501/8705
• MOM – Money Management (Unit 2) K/501/8706

To achieve a pass students are required to achieve a pass of 50% in both of the units. The overall grade bands (out of a total of 60 marks, across the two units) are as follows:

What does this Qualification have to offer?

• The opportunity to develop key skills that are relevant to everyday life situations.
• A flexible and integrated approach to learning and assessment.
• The opportunity to start to become confident with basic financial encounters.
• The opportunity for you to learn how to use and manage money.

Summer Term

Year 9 - IFS Award in Personal Finance