NQF LEVEL 3 WITH 5 CREDTIS
SPECIFIC OUTCOME 1
Use mathematics to plan and control personal, regional and/or national budgets and income and expend
OUTCOME NOTES
1.1 Plans describe projected income and expenditure realistically. 1.2 Calculations are carried out using computational tools efficiently and correctly and solutions obtained are verified in terms of the context. 1.3 Budgets are presented in a manner that makes for easy monitoring and control. 1.4 Actual income and expenditure is recorded accurately and in relation to planned income and expenditure. Variances are identified and explained and methods are provided for control.
OUTCOME RANGE
Bank accounts, provincial and key elements of national budgets and tax.
SPECIFIC OUTCOME 2
Use simple and compound interest to make sense of and define a variety of situations.
OUTCOME NOTES
2.1 The differences between simple and compound interest are described in terms of their common applications and effects. 2.2 Methods of calculation are appropriate to the problem types. 2.3 Computational tools are used efficiently and correctly and solutions obtained are verified in terms of the context or problem. 2.4 Solutions to calculations are used effectively to define the changes over a period of time.
OUTCOME RANGE
Effective and nominal rates, commission, appreciation and depreciation.
SPECIFIC OUTCOME 3
Use mathematics to debate aspects of the national economy.
OUTCOME NOTES
3.1 Values are calculated correctly. 3.2 Mathematical tools and systems are used effectively to determine, compare and describe aspects of the national economy. 3.3 Debating points are based on well-reasoned arguments and are supported by mathematical information.
OUTCOME RANGE
Tax, productivity and the equitable distribution of resources.
- Teacher: Ria Mostert