Consumer Economics

10 Essential Topics

1. Analyze how needs, wants, goals, and opportunity costs affect how we earn, spend, and save money.

2. Apply a decision making process to personal financial choices.

3. Examine consumer protection through consumer rights and government agencies.

4. Evaluate the purpose for collecting taxes and their importance in society.

5. Create a spending/saving budget and examine its financial benefit.

6. Examine various banking services including saving options.

7. Demonstrate how to properly maintain a positive balance in a checking/debit account.

8. Evaluate factors that affect creditworthiness.

9. Analyze appropriate use of consumer credit and how to responsibly remedy consumer credit problems.

10. Explain the function and importance of insurance:  auto, home, and health.