End of key stage statements for economic wellbeing and financial capability

Career

Learners are able to:

• demonstrate an understanding of the concept of ‘career’ in relation to examples of people that they know

• recognise their strengths, achievements and weaknesses and evaluate how these might inform future choices in learning and work

• describe some of the qualities, attitudes and skills needed for employability.

Capability

Learners are able to:

• demonstrate a range of enterprise skills, attitudes and qualities

• explain a range of financial terms and products and describe different ways to manage their money and personal finances

• assess their needs, interests, skills, attitudes and aspirations in relation to options for learning and work and make creative and realistic plans for transition into key stage 4

• use information sources to explore options and choices for learning and work

• demonstrate capability as critical consumers of goods and services.

Risk

Learners are able to:

• explain the positive and negative aspects of risk-taking in relation to economic issues and financial and career choices

• assess and manage risks relating to financial, enterprise and career choices, and learn from mistakes.

Economic understanding

Learners are able to:

• demonstrate an understanding of the economic and business environment, including how and why different businesses operate, and of different types of work, including employment, self-employment and voluntary work

• demonstrate and apply understanding of economic ideas

• explain a range of basic economic and business terms.