I'm sorry if this question has already been asked but how much do we REALLY need to know about VCE stem cells?
My teacher barely went over this... 
The aforementioned, so:
1. Uses of stem cells
2. Types of stem cells and their properties (e.g Embryonic stem cells are pluripotent, Adult stem cells are multipotent etc)
3. The ethical issues surrounding the use of stem cells.
Also, you will most likely need to know the processes and their differences.
1. SCNT(Somatic cell nuclear transfer)
2. iPS (Induced pluripotent stem cell)
So essentially, just a quick summary:
Stem cells are
undifferentiated cells (meaning that they do
not have specialized roles), hence they can differentiate into specialized cells (e.g heart cells, B cells etc.) when required. There are a variety of stem cells - the type most focused on in this topic would be embryonic stem cells. The main use of stem cells (by humans) is for therapeutic cloning; this refers to the process by which specialised cells are produced from embryonic stem cells, by inducing/stimulating them to differentiate and proliferate into specific cells to treat diseases and damaged cells of an affected individual. These cells are cultured
in vitro, meaning that various chemicals/techniques can be used to achieve the desired cell types.
If you want we to further elab on any of the points made above, I'm happy to do so.