NOCN
Level 1
QN: 600/0825/8
Curriculum Active
NOCN Level 1 Award in Economic Wellbeing and Financial Capability
Official qualification regulated by Ofqual, awarded by NOCN. Classified as a Vocationally-Related Qualification. Total guided learning hours: 475 hours.
Qualification Level
Level 1
Awarding Body
NOCN
Syllabus Units
44 Units
Guided Hours
475 hrs
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
Becoming a Critical Consumer
Verified
Key Learning Objectives:
- Understand the concept ‘critical consumer’.
- Understand how the customer is persuaded to buy.
- Understand ethical consumerism.
- Be able to manage own consumer habits.
2
Business and the Community
Verified
Key Learning Objectives:
- Understand what is meant by ‘business’.
- Understand how businesses contribute to prosperity.
- Understand the purpose of taxation.
3
Career Development and Employability
Verified
Key Learning Objectives:
- Understand that a career is important for personal and financial reasons.
- Know how personal qualities relate to career choices.
- Understand what is meant by employability and what skills are required to manage own career development.
4
Enrichment Activity – Economic Well-being
Verified
Key Learning Objectives:
- Be able to take part in an enrichment activity relevant to economic well-being.
- Understand the value of taking part in an enrichment activity.
5
Exploring business and enterprise
Verified
Key Learning Objectives:
- Be able to identify the features of a successful business/enterprise
- Understand different types of businesses/enterprises
- Understand how businesses/enterprises impact on society
6
Financial Literacy: Budgeting and Money Management
Verified
Key Learning Objectives:
- Know about sources of income.
- Know about outgoings and expenditure.
- Understand the use of personal budgets.
7
Financial Literacy: Saving and Borrowing
Verified
Key Learning Objectives:
- Know about different methods of saving.
- Know about different forms of credit.
- Be able to source independent advice about saving and borrowing.
8
Interview Skills
Verified
Key Learning Objectives:
- Be able to present themselves appropriately at an interview
- Be able to answer the interviewer’s questions appropriately
- Reflect on their performance in an interview
9
Introduction to Financial Risk and Reward
Verified
Key Learning Objectives:
- Understand the concept of investment.
- Understand the concept of financial risk and reward.
- Understand the need to manage financial risk.
- Understand own response to financial risk.
10
Introduction to Trade Unions and Professional Associations
Verified
Key Learning Objectives:
- Understand the role of trade unions in today’s working society.
- Understand the role of professional associations in today’s working society.
11
Making Financial Decisions
Verified
Key Learning Objectives:
- Understand the range and nature of financial decisions to be made by an individual.
- Understand the factors involved in making a financial decision.
- Understand how to learn from mistakes.
12
Preparation for Work Experience
Verified
Key Learning Objectives:
- Understand the structure and purpose of the organisation.
- Understand own position within the organisation.
- Understand health and safety requirements of the work experience.
- Understand employers’/trainers’ expectations.
13
Preparing for an Interview
Verified
Key Learning Objectives:
- Understand the purpose of an interview.
- Understand how to promote self at an interview.
14
Preparing for Progression
Verified
Key Learning Objectives:
- Know how to identify opportunities for progression in education, training or employment.
- Understand the consequences of pursuing some opportunities and not others.
- Know how to apply for the next stage of learning/employment.
15
STEM _Science, Technology, Engineering, Mathematics_ Enrichment Activity
Verified
Key Learning Objectives:
- Understand how a specific STEM enrichment activity will develop own knowledge.
- Know how to reflect on the STEM enrichment activity experience.
16
Understanding Changing Patterns of Work
Verified
Key Learning Objectives:
- Understand how and why employment and work patterns have changed over the last century to the present day.
- Understand the impact of technology on working practices.
17
Understanding Employment Rights and Contracts
Verified
Key Learning Objectives:
- Understand statutory and contractual employment rights.
- Understand the purpose of a contract of employment.
- Understand the implications of a breach of contract.
18
Understanding Opportunities in Work-based Learning and Apprenticeships
Verified
Key Learning Objectives:
- Understand work-based learning opportunities, including Apprenticeships.
- Understand how to identify a relevant work-based learning opportunity for own development.
19
Understanding Pay and Payslips
Verified
Key Learning Objectives:
- Understand different methods by which employees can be paid.
- Understand main items on payslips.
- Understand the importance of keeping a record of earnings.
20
Understanding the Labour Market
Verified
Key Learning Objectives:
- Understand the concept of the labour market.
- Understand labour market information in relation to careers opportunities.
- Understand different types of work.
- Understand how the changing world of work can influence own career.
21
Undertaking an Enterprise Project
Verified
Key Learning Objectives:
- Select an appropriate enterprise project for a particular target market.
- Appreciate the unit cost of, and how to set the price for, their product or service.
- Demonstrate an understanding of the significance of effective marketing.
- monitor and review the enterprise project.
22
Work Experience
Verified
Key Learning Objectives:
- Understand the structure and purpose of the organisation.(Wt/L2.3, 2.4)
- Understand own role within organisation.(Wt/L2.3, 2.4)
- Maintain acceptable conventions for personal presentation and behaviour in the workplace.
- Comply with safe working practices demanded by the work environment.(Wt/L2.2, 2.3, 2.4)
- Carry out tasks as requested using appropriate work related skills.(SLlr/L2.2; SLc/L2.1, 2.3)
23
Work–based Placement
Verified
Key Learning Objectives:
- Understand the benefits a work-based placement can provide.(Wt/L1.1; Wt/L1.2; Wt/L1.3; Wt/L1.4; Wt/L1.5; Wt/L1.6; Ws/L1.1; Ws/L1.2; Ws/L1.3; Ww/L1.1; Ww/L1.2)
- Understand the structure and purpose of the organisation.(Wt/L1.1; Wt/L1.2; Wt/L1.3; Wt/L1.4; Wt/L1.5; Wt/L1.6; Ws/L1.1; Ws/L1.2; Ws/L1.3; Ww/L1.1; Ww/L1.2)
- Understand own role within organisation.
- Understand own role within organisation., (Wt/L1.1; Wt/L1.2; Wt/L1.3; Wt/L1.4; Wt/L1.5; Wt/L1.6; Ws/L1.1; Ws/L1.2; Ws/L1.3; Ww/L1.1; Ww/L1.2; SLlr/L1.1; SLlr/L1.2; SLlr/L1.3; SLlr/L1.4; SLlr/L1.5; SLlr/L1.6)
- Comply with safe working practices demanded by his/her work environment.(Wt/L1.1; Wt/L1.2; Wt/L1.3; Wt/L1.4; Wt/L1.5; Wt/L1.6; Ws/L1.1; Ws/L1.2; Ws/L1.3; Ww/L1.1; Ww/L1.2)
- Understand what s/he has learned from the work-based placement(Wt/L1.1; Wt/L1.2; Wt/L1.3; Wt/L1.4; Wt/L1.5; Wt/L1.6; Ws/L1.1; Ws/L1.2; Ws/L1.3; Ww/L1.1; Ww/L1.2)
- Recognise the value of the work-based placement in terms of self.(Wt/L1.1; Wt/L1.2; Wt/L1.3; Wt/L1.4; Wt/L1.5; Wt/L1.6; Ws/L1.1; Ws/L1.2; Ws/L1.3; Ww/L1.1; Ww/L1.2)
Regulatory & Verification Details
- Qualification Number (QN)
- 600/0825/8
- Regulated Status
- Available to learners
- Awarding Body
- NOCN
- Qualification Type
- Vocationally-Related Qualification
- Operational Start
- Feb 2011