Financial Studies Level 3 Certificate/Diploma

close up of money and calculator
Getting Ahead

Financial Studies Level 3 Certificate/Diploma at Alton Campus

Ar you studying Financial Studies Level 3 Certificate/Diploma at Alton Campus in September? If so, you’re in the right place!

In order to prepare yourself and get into the mindset needed to succeed in Financial Studies, please complete these tasks before starting with us in September.

a student using a ruler, pencil and paper with a calculator

Create a timeline of how both banks and the Treasury (Government) have played a part in trying to stabilise the economy and protect jobs during the Coronavirus pandemic. For example, you should be asking yourself these types of questions:

  • What measures did they take?
  • What funds were made available to businesses and individuals?
  • What happened to mortgages, private renting and utility bills?

You can use the template below or be more creative and create your own.

January 2020

 

February 2020

 

March 2020

 

April 2020

 

May 2020

 

June 2020

 

July 2020

 

August 2020

 

September 2020

 

October 2020

 

November 2020

 

December 2020

 

January 2021

 

February 2021

 

March 2021

 

April 2021

 

May 2021

 

June 2021

 

To what extent do you think the United Kingdom will move into a cashless society within the next five years?

Below is a list of financial services products offered by Barclays Bank. Do some research and find out more about what each of these products is as well as the different types of sub-products they offer within each category.

 

Wealth Management

 

Smart Investor

 

Savings & ISAs

 

Barclaycard

 

Barclay Blue Rewards

 

Current Account

 

Insurance

 

You may know currency as the money used to buy and sell goods. Each country has a recognised currency that can be exchanged with each other in what is called the ‘exchange rate’. You’ll be familiar with this basic concept if you have ever visited another country and needed to exchange your money for a different currency to spend abroad. But, increasingly, local currencies have been making a return within countries, in local communities. Watch the below video and have a think about these points:

  • Where and how can this local currency be used?
  • What were the reasons for and causes of this local currency being introduced?
  • Now do some of your own research and try and find another local currency used somewhere in the world.

Watch this short video, which briefly explores what life was like in Britain in the 1950s and 1960s when there was a period of great economic and social change. Based on what you watch, think about how the socio-economic changes made a difference to people’s lifestyles, spending power and health compared to before the war. Make some notes on how this impacted different age groups from children to those retiring.

Finally, complete some research on current accounts. If you have completed the previous activities, you may want to refer back to them.

  • First of all, what is a current account?
  • What does it do and why would someone need or want one?
  • Also, think about why somebody may want to close their current account, or why would the bank want to close down that current account?
  • How easy it is to switch to another provider (bank, building society etc.) for a current account?
  • Is there anything that could stop someone from being able to open up a current account?
  • Should everyone have the right to have a current account?
*This is a representation of your learning space and may not be the exact room you will be using

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