Economics Preliminary Topic 2 Consumers and Business...
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Economics Preliminary Topic 2 Consumers and Business: consumer choice Teacher notes. Consumer choice Rationale In this ‘laptops for learning’ lesson, students will use ICT to research government organisations and their role in supporting consumer choice. Quality Teaching Target Areas Engagement Outcomes P1 demonstrates understanding of economic terms, concepts and relationships P2 explains the economic role of individuals, firms and government in an economy Students learn to: assess the extent to which consumer sovereignty is achieved in a variety of markets Information Communication Technologies (ICT) Conduct research via the internet Write and edit answers on a word document and store for retrieval Email documents and provide feedback using the “track changes” & “new comment” functions of MS Word Contribute effectively to a blog Background Information about the lesson This lesson can be taught at the beginning of the series of lessons on the role of consumers in the economy in the “Consumers and Business” topic of the Preliminary course. This lesson will take 2 periods or 1 long period; it could be amended due to time constraints, e.g. Remove the blog activity or set for homework. Resources - Laptop © Commonwealth of Australia 2009 Page | 1
Transcript of Economics Preliminary Topic 2 Consumers and Business...
Economics Preliminary Topic 2 Consumers and Business: consumer choice
Teacher notes. Consumer choice
Rationale
In this ‘laptops for learning’ lesson, students will use ICT to research government organisations and their role in supporting consumer choice.
Quality Teaching Target Areas
Engagement
Outcomes
P1 demonstrates understanding of economic terms, concepts and relationships
P2 explains the economic role of individuals, firms and government in an economy
Students learn to: assess the extent to which consumer sovereignty is achieved in a variety of markets
Information Communication Technologies (ICT)
Conduct research via the internet Write and edit answers on a word document and store for retrieval
Email documents and provide feedback using the “track changes” & “new comment” functions of MS Word
Contribute effectively to a blog
Background Information about the lesson
This lesson can be taught at the beginning of the series of lessons on the role of consumers in the economy in the “Consumers and Business” topic of the Preliminary course. This lesson will take 2 periods or 1 long period; it could be amended due to time constraints, e.g. Remove the blog activity or set for homework.
Resources
- Laptop- Economics text- MS Worksheet- Blog sites: TaLe Australian Flexible Learning Framework Edublogs
© Commonwealth of Australia 2009 Page | 1
Lesson Plan: Consumer choice
Learn about and learn to
Teaching & Learning Strategies ICT
Consumer sovereignty
Factors influencing individual consumer choice income price price of
substitutes price of
complements preferences/
tastes advertising
assess the need for government intervention in a market economy (Topic 6)
Introduction (5 mins)
Review the meaning of consumer sovereignty and the factors influencing individual consumer choice, from previous lesson.
Internet research activity (30 mins)
Students work through the worksheet on MS word document, using Weblinks to access information; completing answers on the document.
Editing (15 mins)
Students email their answers to classmates (or share in some other way), who use the ‘track changes’ and ‘new comments’ functions to suggest changes. Students then edit their answers to produce a final copy.
Blog Activity (20 mins) Students contribute to a blog, responding to the
statement “consumers have free choice in Australia, and there is no need for governments to intervene.”
Conclusion (5 mins)
Class brainstorms summary of opinions/arguments relating to consumer choice and consumer sovereignty.
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11 Economics - Consumer Choice Worksheet
Go to the website www.accc.gov.au to answer the questions on this page.
Select Petrol, diesel and LPG prices, from the ‘for consumers’ drop down menu.1. Outline the role of the ACCC in terms of fuel prices.
2. Outline what determines fuel prices in Australia.
3. Are petrol, diesel and LPG easy substitutes for each other? Explain your answer.
4. What other advice does the ACCC have for consumers in relation to fuel prices?
Return to the ACCC homepage and select Mobile Phones from the drop down menu.1. Explain what is meant by “premium services” on mobile phones.
2. Are mobile ringtones complementary goods? Explain why/why not.
3. What advice does the ACCC assist consumers who are having problems with premium services and mobile phones?
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Go to www.fairtrading.nsw.gov.au . Click on Consumers, Buying Goods, Shopping Tips.How do the tips outlined here assist consumers to protect themselves from anti competitive behaviour?
Go to http://au.pfinance.yahoo.com/b/davidkoch/99/save-or-spend-the-interest-rate-cut .
After reading this article, discuss the decisions facing consumers regarding whether to spend or save an increase in income.
From the research you have done this lesson, complete the following activities:
Identify the factors that affect individual consumer choice and outline ways in which consumers can exercise greater control over their spending decisions to enhance consumer sovereignty. (250 words)
Once you have completed your answer, share your work via email or some other way with a classmate: each student is to read and use the ‘track changes’ and ‘new comments’ functions to suggest changes. When your work is returned to you, edit your answer to produce a final copy.
Blog activity (the class has 20 minutes for this activity)
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Contribute to a blog, responding to the statement “consumers have free choice in Australia, and there is no need for governments to intervene.”
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