New Venture Creation: Numeracy (SP 1)

The future of South Africa’s economy does not just lie in the formal sector, but within the informal SMME sector too. This is a growing part of South Africa’s economy and requires substantial focus from a developmental perspective. This financial mathematics course will give you an insight on how to manage your new business’ finances, as well as your own personal budgets and forecasts.  

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The future of South Africa’s economy does not just lie in the formal sector, but within the informal SMME sector too. This is a growing part of South Africa’s economy and requires substantial focus from a developmental perspective.

Financial Mathematics is the application of mathematical methods to financial problems. It draws on tools from probability, statistics, and economic theory. This unit standard will allow one to Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues.

This course 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 course will be able to:

  • Use mathematics to plan and control financial instruments. Use simple and compound interest. Investigate various aspects of costs and revenue including marginal costs, marginal revenue and optimisation of profit. And use mathematics to debate aspects of the national and global economy.
  • Statistics and probability are sections of mathematics that deal with data collection and analysis. Probability is the study of chance and is a very fundamental subject that we apply in everyday living, while statistics is more concerned with how we handle data using different analysis techniques and collection methods.
  • The essential purposes of the mathematical literacy requirement are that, as the learner progresses with confidence through the levels, the learner will grow in the following areas:
  • A confident, 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.

Unit Standard 7480

1
Lesson 1: Computational Tools.
03:18
2
Lesson 2: Algorithms.
02:30
3
Lesson 3: Integers and Real Numbers.
00:54
4
Lesson 4: Whole numbers, Fractions, Rounding.
06:53
5
Lesson 5: Groups of Numbers.
01:55
6
Lesson 6: Numbers and Relationships.
03:46
7
Lesson 7: The Effect of Error in Calculations.
03:15
8
Lesson 8: Estimating the Correct Answer.
03:18
9
Lesson 9: Scientific Notation.
02:29

Unit Standard 9008

1
Lesson 1_Measuring Area
4:57
2
Lesson 2_Measuring Volume
3:51
3
Lesson 3: Length.
02:03
4
Lesson 4: Mass.
04:14
5
Lesson 5: Temperature.
04:43
6
Lesson 5.1: Measuring Speed
1:20
7
Lesson 6: Area of a Parallelogram.
00:57
8
Lesson 7: Telling Time.
02:02
9
Lesson 8_Basic Trigonometry_ Sin Cos Tan
12:24
10
Lesson 9: Find the area of a Trpezoid.
02:32
11
Lesson 10: Theory of Pythagoras.
01:09
12
Lesson 11: Transformational Geometry.
10:13
13
Lesson 12: Tessellation.
02:32
14
Lesson 13: The SI System.
08:13
15
Lesson 14: Sketching.
05:06
16
Metric Unit Conversions Review.
11:18

Unit Standard 9007

1
Lesson 1: Representation of Functions.
03:57
2
Lesson 2: The Multiplication of Variables.
04:19
3
Lesson 3: Fuunctions
08:09
4
Lesson 4: Behaviour of Patterns and Functions.
03:36

Unit Standard 7469

1
Lesson 1: What is a business?
2
Lesson 2: Budgeting
3:58
3
Lesson 3: A Personal Budget
5:46
4
Lesson 4: A company budget and profit margin
5
Lesson 5: Cost.
04:54
6
Lesson 6: Savings and Investments.
09:52
7
Lesson 7: Introduction to Interest Rates
1:30
8
Lesson 8: Simple Interest Rate
11:25
9
Lesson 9: Compound Interest Rate
10:37
10
Lesson 10: Simple and Compound Interest.
04:30
11
Lesson 11: Nominal and Effective Interest Rate
10:47
12
Lesson 12: Inflation.
04:54
13
Lesson 13: Appreciation and Depreciation
2:01
14
Lesson 14: Depreciation and Appreciation. Pt.2.
0:58
15
Lesson 15: Productivity
3:51
16
Lesson 16: The impact of HIVAids on productivity
4:33
17
Lesson 17: Tax
17:10

Unit Standard 9009

1
Lesson 1_Collecting Data
3:51
2
Lesson 2_Presenting Data
7:02
3
Lesson 3: Mean, Median, Mode and Range.
07:47
4
Lesson 4: Statistics, Skewness and Measure of Centre.
04:14
5
Lesson 5: What is Skewness?
3:23
6
Lesson 6: Probability
3:14
7
Lesson 7: Conditional Probability
5:03
8
Lesson 8: Bayes’ Theorem.
06:06

06:06

9
Lesson 9: Two way Tables.
03:26
10
Lesson 10: Locating Percentiles and Quartiles.
07:32
11
Lesson 11: Stem and Leaf Plots.
01:51

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