Specific Competence: The student will be able to show they understand different types of businesses, how to register a business, and what roles government bodies play in business. Learning Activities: Students will identify private businesses (like sole traders, partnerships, cooperatives, private and public limited companies) and public businesses (like public corporations). They will explain how each type is formed, its features, ownership, management, good points, bad points, and how it ends. They will outline steps for registering a business, discuss the roles of organizations like Local Authorities, PACRA, ZRA, ZPPA, and practice registering a business online and in person. They will also identify and investigate the roles of various government bodies (PACRA, NAPSA, ZRA, ZPPA, ZEMA, ZABS) that help run businesses. Expected Standard: The student will correctly show knowledge of different business types, the steps for registering a business, and the roles of government bodies in running businesses.
Specific Competence: The student will be able to practice investing in securities and show they understand what the Securities and Exchange Commission (SEC) does. Learning Activities: Students will explain capital markets and discuss different investment tools like shares, bonds, debentures, stocks, and government bonds. They will explore types of securities, discuss the benefits of investing in them, and describe the people involved in the capital market (brokers, dealers, banks, quoted companies, investors). They will explain how the Securities Exchange works and illustrate the steps for trading securities. They will also describe the Securities and Exchange Commission and explain its functions. Expected Standard: The student will correctly practice investing in securities and appropriately show knowledge of what the Securities and Exchange Commission does.
Specific Competence: The student will be able to show they understand banking and non-banking institutions, use banking services, know how to fill in banking documents, use modern banking methods, and understand what the Central Bank does. Learning Activities: Students will describe types of banking institutions (like commercial banks, building societies) and non-banking institutions (like insurance companies, bureau de change, mobile money providers, micro finance companies). They will discuss services offered by banks (like keeping money safe, providing foreign money, ATMs) and explore ways to pay (like credit transfer, direct debiting, standing order, electronic fund transfer). They will research different bank accounts, match scenarios to suitable accounts, show how to open accounts, and explain customer rights. They will look at sample banking documents (deposit slip, withdrawal slip, cheque), discuss them, and practice filling them in. They will explore modern banking trends, review banking apps (their features and benefits), examine digital finance (online banking, mobile banking, digital wallets, cryptocurrency, biometric technology, personalized banking), and analyze challenges in digital finance (internet problems, scams, fraud, internet access). They will also discuss the functions of the Central Bank and investigate its role in processing electronic payments. Expected Standard: The student will correctly show knowledge of banking and non-banking institutions, use banking services, correctly show knowledge of filling in banking documents, use modern banking trends, and appropriately show knowledge of the Central Bank's functions.
Specific Competence: The student will be able to explain why insurance is important, show they understand risks that can be insured and those that cannot, show they understand the basic rules of insurance, take out an insurance policy, show they know how to make an insurance claim, and show they understand the functions of the Insurance Regulator. Learning Activities: Students will explain what insurance is and assess its importance. They will research and distinguish between risks that can be insured (like accidents, fire, marine) and risks that cannot be insured (like illegal acts, bad management, another person's property). They will identify and describe the principles of insurance (insurable interest, utmost good faith, proximate cause, indemnity, subrogation, contribution) and show how to apply them. They will describe different insurance covers (life, accident, fire, health, marine), outline what insurance brokers do, explore the steps for getting insurance, and show how to take out an insurance cover. They will investigate and show how to make an insurance claim. They will also describe the functions of the Pensions and Insurance Authority (PIA). Expected Standard: The student will correctly explain the importance of insurance, appropriately show knowledge of insurable and non-insurable risks, correctly show knowledge of insurance principles, correctly take out an insurance policy, correctly show knowledge of how to make an insurance claim, and appropriately show knowledge of the functions of the Insurance Regulator.
