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ECONOMY Level Ups!
Ignite XP
1XP!
2XP!
3XP!
Earners of this badge have completed an employer-led, real-world economy challenge by explaining what the economy means, and identifying ways it affects people, such as prices, jobs, and wages. Earners have explored a local job area, completed a simple budgeting or money-tracking task, kept money information safe, and used a checklist to meet a deadline, with evidence and reflection.
Earning Criteria:
- Earner has understood the economy and its impact on work, money, and opportunity by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in economics and accounting by understanding basic economic ideas. They have gained awareness of labour economics, and learnt about interest rates.
- Earner has used financial awareness to support decisions by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in budgeting by using simple money skills. They have gained awareness of personal finance, and learnt about money handling.
- Earner has applied business planning and organisation skills by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in business planning by following simple plans to complete tasks. They have gained awareness of administration and learnt about business administration.
- Earner has produced evidence of learning and progression by completing an employer-led, real-world Business and Economy challenge. They have gained and demonstrated skills in organisation, reflection, and trying again by collecting simple evidence and reflecting. They have gained awareness of interviews, personal strengths, transferable skills, and learned about a curriculum vitae (CV).
Earners of this badge have completed an employer-led, real-world economy challenge by explaining factors such as prices, wages, interest rates, or employment, and how change affects jobs and training options. Earners have used a reliable source to research labour market or course information, produced a simple budget, explained key money terms, planned and tracked tasks, and built a portfolio with reflection and next steps.
Earning Criteria:
- Earner has understood the economy and its impact on work, money, and opportunity by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in labour economics by understanding how economic factors affect choices. They have gained awareness of interest rates, and learnt about loans.
- Earner has used financial awareness to support decisions by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in cost control by using financial awareness in a scenario. They have gained awareness of revenue, and learnt about bank statements.
- Earner has applied business planning and organisation skills by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in business planning by planning and managing tasks. They have gained awareness of business administration and learnt about administration.
- Earner has produced evidence of learning and progression by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in organising evidence, using feedback, and reflection by organising evidence and summarising learning. They have gained awareness of their progress, next steps, transferable skills, and learnt about interviews, curriculum vitae (CV), and applications.
Earners of this badge have completed an employer-led, real-world economy challenge by analysing how supply and demand, inflation, or interest rates affect business decisions and employment. Earners have interpreted labour market information to compare routes, evaluated impacts on a progression plan with contingencies, interpreted a finance scenario, managed a project plan, reviewed outcomes, and curated a role-aligned portfolio with reflection and next steps.
Earning Criteria:
- Earner has understood the economy and its impact on work, money, and opportunity by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in economics and accounting by analysing economic information to support progression. They have gained awareness of interest rates and learnt about labour economics.
- Earner has used financial awareness to support decisions by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in operations analysis by interpreting financial information and justifying choices. They have gained awareness of key performance indicators and learnt about cost control.
- Earner has applied business planning and organisation skills by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in business management by managing projects and improving delivery. They have gained awareness of business operations and learnt about operation monitoring.
- Earner has produced evidence of learning and progression by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in curriculum vitae (CV) writing, cover letter writing, job applications, and reflection by curating a progression-focussed portfolio. They have gained awareness of transferable skills, professionalism, and learnt about reflection, progress tracking, and interview skills.
Ascend XP
1XP!
2XP!
3XP!
Earners of this badge have completed an employer-led, real-world challenge exploring what the economy is and how it affects people, jobs, and opportunities. They identified business types, customer needs, and job roles linked to an economic area, practised simple planning and budgeting with support, and provided evidence from at least two activities with a short reflection on progress.
Earning Criteria:
- Earner has understood the economy and its impact on work and opportunity by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in labour economics, interest rates, currencies, economics, and accounting by understanding basic economic ideas. They have gained awareness of business, retail, and learnt customer engagement and customer experience.
- Earner has used their financial awareness to support decision-making by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in budgeting, money handling, and personal finance by using simple money skills. They have gained awareness of banking, bank statements, and learnt cost control and calculation.
- Earner has applied business planning and organisational skills by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in business planning, administration, and business administration by following simple plans to complete tasks. They have gained awareness of operations, operation monitoring, and learnt spreadsheets and key performance indicators.
- Earner has produced evidence of learning and progression by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in organisation, reflection, and trying again by collecting simple evidence and reflecting. They have gained awareness of interviews, personal strengths, transferable skills, and learned about a curriculum vitae (CV).
Earners of this badge have completed an employer-led, real-world challenge explaining how prices, wages, interest rates, and employment affect people, businesses, and job opportunities. They used reliable sources to research labour market or course information for a chosen route, applied budgeting and financial terms to a scenario, and produced a simple portfolio with evidence, reflection, progress tracking, and an updated progression plan.
Earning Criteria:
- Earner has understood the economy and its impact on work and opportunity by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in labour economics, interest rates, economics, and accounting by understanding how economic factors affect choices. They have gained awareness of business, customer experience, and learnt customer engagement and customer satisfaction.
- Earner has used their financial awareness to support decision-making by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in budgeting, cost control, revenue, and personal finance by using financial awareness in a scenario. They have gained awareness of banking, loans, interest rates, and learnt bank statements, spreadsheets, and calculation.
- Earner has applied business planning and organisational skills by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in business planning, business operations, operations analysis, and operation monitoring by planning and managing tasks. They have gained awareness of key performance indicators, business administration and learnt administration and spreadsheets.
- Earner has produced evidence of learning and progression by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in organising evidence, using feedback, and reflection by organising evidence and summarising learning. They have gained awareness of their progress, next steps, transferable skills, and learnt about interviews, curriculum vitae (CV), and applications.
Earners of this badge have completed an employer-led, real-world challenge analysing how economic conditions shape business decisions, employment, and progression routes, using labour market information and scenario-based financial data to justify choices. They evaluated impacts on their progression plan with contingencies, assessed financial risks and controls, planned and monitored a project with improvements, and curated a role-aligned portfolio evidencing development and next steps.
Earning Criteria:
- Earner has understood the economy and its impact on work and opportunity by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in labour economics, interest rates, economics and accounting by analysing economic information to support progression. They have gained awareness of business acumen, business savvy, and learnt competition and SWOT analysis.
- Earner has used their financial awareness to support decision-making by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in accounting, budgeting, cost control, revenue, economics, and accounting by interpreting financial information from a scenario. They have gained awareness of loans, banking, interest rates, and learnt bank statements, tax codes, and value added tax (VAT).
- Earner has applied business planning and organisational skills by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in business planning, business management, business operations, operations analysis, and operation monitoring by managing projects and improving delivery. They have gained awareness of key performance indicators, business administration, and learnt administration and account management.
- Earner has produced evidence of learning and progression by completing an employer-led, real-world business and economy challenge. They have gained and demonstrated skills in curriculum vitae (CV) writing, cover letter writing, job applications, and reflection by curating a progression-focussed portfolio. They have gained awareness of transferable skills, professionalism, and learnt about reflection, progress tracking, and interview skills.