Consumer+Economics

** Assignment Code 12060  **  ** Course Description  ** ** Aim:  ** This course is designed to help students understand how the American business economy operates and to help them prepare to make decisions as consumers, wage earners, and citizens within that economy. The course combines explanations of business and economic concepts with practical applications of these concepts to the real world of the American business economy ** Grade Level:  ** 9th-12th Grade ** Length: ** Semester Course ** Prerequisites:  ** None 50 min. period ** Topics Covered:  ** ** Instructional Philosophy and Delivery Plan  ** ** Expectation  ** : Students will be expected to meet all the course goals by demonstrating their understanding of the basic concepts of each topic area. In order to pass the course students will need a minimum of 70%. ** Delivery Method:  ** Instruction will consist of individual hands on activities and projects, group work, lecture, discussion, reading, writing, self-assessment, computer simulation, and the creation of projects using of technology. ** Community Involvement:  ** Guest speakers from the bank, insurance office, and other various businesses will be brought in throughout the course. Students will also have to use community resources to complete individual and group projects. ** Assessment:  ** Students will be graded on the following items: presentations, written reports, tests, daily work, group work, and individual projects. ** Course Standards  ** Using the SD Social Studies Standards and the Personal Finance Standards. ** Social Studies ** 9-12.E.1.1. Students are able to compare the characteristics of the world’s traditional, command, market, and mixed economies. 9-12.E.1.2. Students are able to explain how scarcity and surplus affect the basic questions of what, how, how much, and for whom to produce. 9-12.E.1.3. Students are able to explain the role of money and the structure of the banking system of the U.S.   9-12.E.1.4. Students are able to explain the impact of labor and governmental policies on the economy of the United States. 9-12.E.1.5. Students are able to use graphs to illustrate changes in economic trends. 9-12.E.1.6. Students are able to explain basic elements of trade and its impact on the U.S. economy. ** Personal Finance  ** P1.1 Analyze how career choices, education, skills, and economic conditions affect income. P1.2 Explain how taxes, government transfer payments, and employee benefits impact disposable income. P2.1 Explain the importance of taking responsibility for personal financial decisions. P2.2 Evaluate available money management tools. P2.3 Design a plan for managing finances. P2.4 Organize personal finance records. P2.5 Analyze how risk-management strategies protect against financial loss. P3.1 Apply a rational decision-making process to personal buying decisions. P3.2 Compare the advantages and disadvantages of different payment methods. P3.3 Analyze the sources, benefits and costs of consumer credit. P3.4 Assess the positive and negative consequences of using credit. P3.5 Explain the rights and responsibilities of buyers and sellers under consumer protection laws. ** Major Course Projects  ** ** A  ****  ssessment Plan & Grading Scale  ** ** A  ** ** A-  **  ||  **  98-100%  ** ** 96-97%  **    **  94-95%  **  ||  Consistently demonstrates an exceptional level of quality and effort. Having all work in on time and completed to exceed expectations. Mastery in evaluating, synthesizing, and applying the knowledge. || **  B  ** ** B-  ** || **  92-93%  **    **  89-91%  **    **  87-88%  **  ||  Consistently demonstrates proficient knowledge with a good effort and quality of work. All assignments are complete and on time. Demonstrates the ability to evaluate, analyze, synthesize and apply the principles. || **  C  ** ** C-  **  ||  **  84-86%  ** ** 80-83%  **    **  77-79%  **  ||  Demonstrates proficient knowledge and the ability to apply knowledge. Work shows average effort. A few assignments may be missed or late. || ** D   ** ** D-  **  ||  **  75-76%  ** ** 73-74%  **    **  72-70%  **  ||  Work shows minimal effort and some assignments are late or missing. Demonstrates a basic understanding of recalling or comprehending knowledge || 
 * Course Syllabus – Consumer Economics CTE **
 * Choose a Career and Get a Job
 * Aptitudes, Interests and Abilities
 * Work History and Volunteering
 * Networking, Help Wanted Ads and Employment Agencies
 * Cover Letters, Resumes and Thank You Notes
 * Consumer Rights Responsibilities and Resolutions
 *  Consumer Bill of Rights
 *  Government Agencies and the Consumer
 *  EPA, CPSC, FTC, FDA
 *  Fraudulent Sales Tactics
 *  Effective Steps for Customer Complaints
 *  Understanding Warranties
 * Taxes and Our Government
 *  Payroll Deductions
 *  Filing a Tax Return
 *  1040 & 1040EZ, W2’s & W4’s
 *  Social Security, Medicare and other Public Goods & Services
 *  Progressive, Regressive and Benefit Principal Taxes
 *  Government Influences on Consumer Spending
 *  Taxes
 *  Excise, Sin, Estate
 * <span style="color: black; margin-top: 0in; 0in margin-top: 0in; margin: 0in 0in 0pt; mso-list: l1 level3 lfo4; tab-stops: list 1.5in;"> Charitable Donations
 * Banking and Investing
 * Banks - Profits and Consumer Benefits
 * <span style="margin-top: 0in; 0in margin-top: 0in; margin: 0in 0in 0pt; mso-list: l3 level3 lfo2; tab-stops: list 1.5in;"> Checking Accounts
 * <span style="margin-top: 0in; 0in margin-top: 0in; margin: 0in 0in 0pt; mso-list: l3 level3 lfo2; tab-stops: list 1.5in;"> Simple and Compound Interest
 * <span style="margin-top: 0in; 0in margin-top: 0in; margin: 0in 0in 0pt; mso-list: l3 level3 lfo2; tab-stops: list 1.5in;"> FDIC
 * <span style="margin-top: 0in; 0in margin-top: 0in; margin: 0in 0in 0pt; mso-list: l3 level3 lfo2; tab-stops: list 1.5in;"> 1993 Truth in Savings Act
 * Mutual Funds
 * Money Markets
 * Investments for Retirement
 * Government Bonds
 * Treasury Securities
 * Learning to Live with a Budget
 * Setting Goals
 * Creating, Completing and Revising a Budget worksheet
 * <span style="margin-top: 0in; 0in margin-top: 0in; margin: 0in 0in 0pt; mso-list: l0 level3 lfo3; tab-stops: list 1.5in;"> Fixed/Flexible Expenses
 * <span style="margin-top: 0in; margin-top: 0in; 0in margin-top: 0in; margin: 0in 0in 0pt; mso-list: l0 level4 lfo3; tab-stops: list 2.0in;"> Food and Clothing Labels
 * Housing
 * <span style="margin-top: 0in; 0in margin-top: 0in; margin: 0in 0in 0pt; mso-list: l0 level3 lfo3; tab-stops: list 1.5in;"> Home Ownership
 * <span style="margin-top: 0in; 0in margin-top: 0in; margin: 0in 0in 0pt; mso-list: l0 level3 lfo3; tab-stops: list 1.5in;"> Renting a Home
 * Credit - Friend or Foe
 * Credit Worthiness
 * Credit Bureaus
 * <span style="margin-top: 0in; 0in margin-top: 0in; margin: 0in 0in 0pt; mso-list: l0 level3 lfo3; tab-stops: list 1.5in;"> Credit Reports
 * Charge Accounts
 * Loans – Secured/Unsecured
 * Identity Theft
 * Banks/Credit Unions/Savings and Loans
 * Credit Counseling Service
 * Create a resume and cover letter for an entry-level position
 * Stock Market Game
 * Budget Project
 * Personal Filing System (SDMyLife.com)
 * Current Events Article Summaries
 * ** Grade  **  ||  **  Scale  **  ||  **  Description of Work  **  ||
 * ** A+  **
 * ** B+  **
 * ** C+  **
 * ** D+  **
 * ** F  **  ||  **  Below 70%  **  ||  Understanding is below basic. Work is of poor quality and does not meet standards or expectations.   ||