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Nov 21, 2024
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CONS 2500 - Families as Consumers in Global Communities
This course is an analysis of basic components and operations of global economic systems as they affect the consumer in different cultures and countries around the world. The impact of this on a consumer’s decision making and consumption practices is examined. Students analyze their consumption habits in relation to the consumption habits of people in other cultures and how cultural rules and biases may affect the consumption opportunities available to people in different cultures.
Credit Hours: 3
OHIO BRICKS: Bridge: Diversity and Practice
General Education Code (students who entered prior to Fall 2021-22): 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
Learning Outcomes: - Students will be able to describe cultural rules and biases that affect their own consumption habits and the consumption habits of others as related to context, values, communications, and beliefs/practices.
- Students will be able to interpret, discuss, and ask complex questions about consumption habits of other cultures without making value judgements.
- Students will be able to demonstrate empathy, curiosity, and openness when communicating with others about consumption habits different than their own.
- Students will be able to develop personal goals for their 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 for consumers 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 analyze reasons for student loan default and potential legislation designed to help reduce college loan debt.
- Students will be able to identify examples of poor financial management and steps to prevent a personal 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 payment amount..
- Students will be able to characterize themselves as a consumer based on consumer economics terminology.
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