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To enhance your learning you need to have an understanding of some historical events that have had a huge impact on financial markets around the world. Before the Covid 19-Pandemic we currently find ourselves a part of, the financial crisis of 2007 - 08 caused a multitude of problems globally. Having an understanding of current and past events, and their financial implications, will enable you to gain higher marks in any finance exam.Assessment Component:
The Diploma in finance is split over two years.
The first year you will need to complete two units each consisting of a 35 question multiple choice test, as well as a written examination based on a case study.
In year two which makes up the Diploma, you will need to complete a further two units, again consisting of a 35 questions multiple choice test, and again a written examination based on a case study.What do you know about finance?
In your first year we will mainly focus on personal finance and how this relates to individuals. In the second year we will look at how finance works on a larger scale.
Before you begin the course it is useful to become familiar with some of the products you may not have come across before.Task 1: Your bank
If you have a bank, research what types of products they have to offer. Create a leaflet/advert which advertises their products and who would benefit the most from it. This can be done in any form that you prefer.
If you are not sure of which bank to use the research Metro Bank.
Task 2: What do you know about money?
How do you know if a bank note is fake? Write down what you know and then check using the Bank of England website.
What came before money?
Write down how you would explain what money is and what it is used for? Imagine you are explaining it to an alien visiting Earth.Task 3: Write a prediction on how you think money will change in the next 20 years? Give reasons for your answer.
Task 4: Research current and past events that have impacted financial markets around the globe. What caused them? Could they have been prevented? What was the impact for people in different classes (working, middle and upper class)?
Use these websites as starting points. See what you can find out.
Bring all of these to your first lesson or email us before if you want feedback.
Films to watch:
The Wizard of Lies
Wall Street - Money never sleeps
The Big Short
Books on the Financial Crash:
Too Big To Fail Andrew Ross Sorkin
Makers and Takers Rana Faroohar
The Greatest Ever Trade Gregory Zuckerman