Buying Goods and Services Standards and Resources
To buy or not to buy, that is the question. According to the Council for Economic Education, High School students should attend to making spending decisions. Because goods and services are scarce, people cannot buy all of the goods and services they want, they must make choices. Student should understand different payment methods, charitable donations, and the role of government and other institutions to provide consumer information. Check out the Standards for Buying and Resources for Buying for more websites and ideas.
Use the News to teach about buying decisions
Here are some newspaper articles from the Tampa Bay Times Newspaper in Education program to help you bring the real world into your classroom when you teach about buying goods and services!
How does this news influence your buying decisions?
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What do dog weddings have to do with donating to charity?
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How do gas prices impact decisions?
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What does the Grim Reaper have to do with buying bacon?
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Why should you conduct research before you buy goods?
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Should you rent or should you buy?
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How do environmental concerns influence your buying?
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Who protects us from polluters?
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Do you have wallet wisdom?
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What can drive your buying costs up?
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Would you buy a self-driving car?
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Five things not to say when buying a car . . .
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lessons and resources
The Federal Reserve has some excellent lessons and resources
| financial_literacy_buying_federal_reserve_scope_and_sequence.docx |
EconEdLink also has some lesson plans
Can you make a budget?
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How can deceptive advertising influence you?
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What do you know about loans?
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How do I make a consumer complaint?
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What organizations help consumers?
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How does the government help consumers?
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Will you pay by cash, check, debit, or credit?
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Do you want to buy a car?
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What are the costs of owning a car?
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Should you rent or buy a home?
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What are the costs of renting a place to live?
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What are the costs of renting vs buying?
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Mick Jagger taught one of the basic Economic Principles about Buying when he sang: You Can't Always Get What You Want. Use this song as a hook to a lesson where students need to make decisions about buying.
Financial Freedom
Florida teachers, order free copies of Financial Freedom for your students. We have included links to websites for Chapter 1. Download the ch1-managing-money-lesson nstructional guide for the chapter, which include teacher instructions and standards alignment.
| ch1_managing_money_lesson.docx |