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Morris Community High School
Consumer Education
Course Description
I. Consumer Powers and Protections
II. Consumer Management Skills
III. Career Decisions
V. Financial Planning
§ Includes checkbook simulation
VII. Consumer Credit ·
IIX. Savings ·
IX. Insurance
X. Transportation ·
XI. Housing and Furnishings ·
XII. U.S. Economic Systems
Consumer Education
Course Description
I. Consumer Powers and Protections
- o Identify the economic roles of individuals
- o Explain consumer rights and responsibilities
- o Describe ways to protect yourself from identity theft
- o Recognize examples of deception and fraud
II. Consumer Management Skills
- o Analyze how needs, wants, values, and standards affect priorities and goals
- o Describe strategies for managing resources
- o Explain decision-making steps
- o Identify sources of consumer information
III. Career Decisions
- o Analyze the impact of career decisions
- o Identify factors to consider in choosing a career path
- o Describe effective job search skills
- o Explain regulations affecting pay
- o Identify paycheck deductions and their purposes
- o Describe the purpose of various income tax forms
- o Explain the types of information included on a tax return
V. Financial Planning
- o Describe steps in financial planning
- o Explain the purpose and benefits of a budget
- o Describe how to create and use a budget
- o Identify types of records and documents to keep and for how long
- § Describe the services offered by financial institutions
- § Explain various electronic banking methods
- § Explain checking account procedures and responsibilities
- § Describe alternatives to cash, personal checks, and credit cards
§ Includes checkbook simulation
VII. Consumer Credit ·
- Explain basic principals of credit
- · Describe types of credit
- · Analyze the benefits, costs, and drawbacks of using credit
- · Analyze factors that affect the ability to get credit
- · Evaluate credit card terms and conditions
- · Give guidelines for using credit cards wisely
- · Analyze the consequences of excess debt
- A mid-term exam will be given covering all units through and including Consumer Credit
IIX. Savings ·
- Explain the benefits of saving
- · Distinguish between saving and investing
- · Distinguish between simple and compound interest
- · Explain the significance of annual percentage yield
IX. Insurance
- § Describe the role of insurance in managing risk
- § Explain basic insurance concepts
- § Analyze the need for various types of auto insurance coverage
- § Describe factors that affect auto insurance rates
- § Analyze the need for various types of home insurance coverage
- § Describe factors affecting home insurance rates
- § Analyze the need for various types of health insurance coverage
X. Transportation ·
- Distinguish between buying and leasing a vehicle
- Describe factors to consider when choosing vehicle financing
- Describe information to gather when shopping for a vehicle
- Explain guidelines for maintaining a vehicle
XI. Housing and Furnishings ·
- Describe factors that affect housing choices
- Compare the pros and cons of renting and buying a home
- Identify rights and responsibilities of tenants and landlords
- Explain the costs of buying a home and the options for financing it
- Describe the benefits of home maintenance
XII. U.S. Economic Systems
- Explain economic systems
- Explain forces that determine prices in the free market
- Identify ways government can act to stabilize an economy
- Explain principles of taxation
- A Final Exam will be given at the end of the second term covering all content presented in the semester.