Cause & Effect: US 28104

This resource helps teachers deliver the Financial Capability Unit Standard 28104 'Analyse the impact(s) of external factors on personal finances' (Level 3, 3 credits). Students will learn how local, national and global events can impact on personal finances. Events include interest rate changes, inflation, economic environment changes, societal or demographic trends, climatic change, political change, environmental issues, and legislation.

All the financial capability standards have changed, we will be updating them over the coming months. The old versions are valid for assessment until the end of 2022.

Student learning

Through this unit, students will:

  • Understand how local, national and global events can impact on an individual’s personal finances
  • Articulate the short, medium and long term effects of such events.

Curriculum links

Financial Capability is a core generic domain on the New Zealand Qualifications Framework. This unit of work also has links to the Social Sciences and Mathematics and Statistics learning areas.


Click here for an Interactive Financial Capability US Matrix

Cause & Effect: US 28104

  • Year 11-13
  • 25-30 hrs
  • Mathematics and Statistics
    Social Sciences
    Level 3 Financial Capability Unit Standard
  • Free to NZ schools
  • Led by teachers
    Training Available
Download overview

Students taking part will

  • Discuss a range of local, national and global events and examine their impacts on personal finances
  • Explain what they believe are the short, medium and long-term impacts of such events
  • Complete a practice assessment


For access to the marking guidelines and Student Assessment for this Unit Standard, please contact us via email at:

Download includes:

  • Activity: 28104 Student Workbook
  • Helpful information
  • Using Financial Capability Unit Standards