May 18, 2021
CONS 2500 - Families as Consumers in Global Communities
An analysis of basic components and operations of the economic system in the United States as they affect the consumer. Current consumer issues, influences, restrictions of consumer freedom of choice, major consumer expenditures, and resources which are available to consumers as they participate in decision making and consumption are discussed.
Credit Hours: 3
General Education Code: 2SS
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
- Students will be able to develop personal goals for different life stages.
- Students will be able to track expenditures and classify those expenditures as needs or wants, goods or services and impulse or planned purchases.
- Students will be able to compose a formal letter of complaint.
- Students will be able to analyze issues that arise within the United States that pertain to civil liberties and privacy protection.
- Students will be able to recognize the business practices of companies that strive to operate in a socially responsible manner.
- Students will be able to estimate FICA, federal, and state income taxes to calculate net income.
- Students will be able to discuss reasons for student loan default and the current status of legislation designed to help reduce college loan debt.
- Students will be able to identify examples of poor financial management and steps to prevent a financial crisis.
- Students will be able to construct and evaluate a budget that incorporates goals which reflect their wants and needs.
- Students will be able to compare and contrast 15-year and 30-year fixed rate mortgages with respect to monthly payment, total payment, total interest and down payments.
- Students will be able to characterize themselves as a consumer based on consumer economics terminology.
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