This unit standard will be useful to people who aim to achieve recognition at some level in Further Education and Training or to meet the Fundamental requirement of a wide range of qualifications registered on the National Qualifications Framework.
People credited with this unit standard are able to:
Use mathematics to plan and control financial instruments including insurance and assurance, unit trusts, stock exchange dealings, options, futures and bonds.
Use simple and compound interest to make sense of and define a variety of situations including mortgage loans, hire purchase, present values, annuities and sinking funds.
Investigate various aspects of costs and revenue including marginal costs, marginal revenue and optimisation of profit.
Use mathematics to debate aspects of the national and global economy, including tax, productivity and the equitable distribution of resources.
This unit standard is designed to provide credits towards the mathematical literacy requirements of the NQF at level 4. The essential purposes of the mathematical literacy requirements are that, as the learner progresses with confidence through the levels, the learner will grow in:
An insightful use of mathematics in the management of the needs of everyday living to become a self-managing person.
An understanding of mathematical applications that provides insight into the learner’s present and future occupational experiences and so develop into a contributing worker.
The ability to voice a critical sensitivity to the role of mathematics in a democratic society and so become a participating citizen.
Measure, estimate, and calculate physical quantities in practical situations relevant to the adult with increasing responsibilities in life or the workplace.
Explore, analyse and critique, describe and represent, interpret and justify geometrical relationships and conjectures to solve problems in two and three dimensional geometrical situations.
This unit standard is designed to provide credits towards the mathematical literacy requirement of the NQF at Level 4. The essential purposes of the mathematical literacy requirement are that, as the learner progresses with confidence through the levels, the learner will grow in:
A confident, insightful use of mathematics in the management of the needs of everyday living to become a self-managing person.
Critique and use techniques for collecting, organising and representing data.
Use theoretical and experimental probability to develop models, make predictions and study problems.
Critically interrogate and use probability and statistical models in problem solving and decision making in real-world situations.
This unit standard equips learners with the ability to understand, interpret and manage financial matters across personal, business, national, and international contexts. It develops mathematical skills for informed financial decision-making in everyday and professional scenarios.
Learn how to interpret and work with geometric figures and motion in both two-dimensional and three-dimensional space. This unit is key for spatial reasoning and applying geometry in practical problem-solving situations.
This unit standard develops understanding and application of statistical and probability concepts. Learners will be able to collect, organise, interpret, and critically evaluate data for informed decision-making.
Proficiency in English Literacy enables learners to understand instructions, communicate project goals, and engage meaningfully in team discussions and documentation throughout the Project Mathematics course.
Mathematical Literacy equips learners with the skills needed to interpret, analyse, and apply numerical data to support planning, costing, and scheduling in project environments, ensuring sound decision-making.