The goal of this course is to give students the knowledge and skills necessary to make wise choices as consumers. In Consumer Economics, students learn about the roles of consumers, producers and the government in our economic system, the decision-making process, how to budget, and managing consumer credit. In addition, students study available options and how to get the most for their money in specific areas of spending, such as food, transportation, housing and insurance.
In completing this subject students do activities such as discussing steps to protect against identity theft, calculating the net worth of an individual, reconciling a bank statement, deciding what type of life insurance would best suit a particular situation, and interpreting the information on a nutrition label.
There are 6 examinations in Consumer Economics.
Lowe et al., Consumer Education and Economics, Glencoe/McGraw-Hill.