National data — wages and growth are not published by state for this view.
Course · AL
Consumer Economics
Career and Technical Education, Alabama State Department of Education (ALSDE)
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Consumer Economics is designed to help students develop the skills needed to make important financial decisions throughout their lifespan and understand the processes behind these decisions. The course also addresses the language used in financial services and institutions and provides knowledge for making informed choices regarding transportation, housing, and investments.
Compare and contrast transportation options to meet the needs of individuals across the lifespanCompare and contrast types, sources, and costs of car loans, including loan terms and interest ratesEvaluate the effectiveness, safety, and affordability of rideshare, carpoolingCompare and contrast the services that real estate agents and brokers provide to prospective home buyers and sellersSummarize the procedures used to estimate property valuesDescribe and estimate the costs incurred when selling, purchasing, and maintaining a home in given scenariosDescribe types of housing in the real estate market and explain factors that affect housing choicesExplore and evaluate investment options and opportunitiesCompare and contrast types of savings accounts and investment programs offered by financial institutionsGraph and explain the benefits of earning compound interest on savings and investmentsResearch and report on identity theft, fraud, and financial scams and explain the process for reporting incidentsDescribe the financial and emotional costs of recovering from identity theft or fraudExplain the effects of economic factors on personal income, individual and family security, and consumer decisionsDevelop short-term and long-term financial goals and budgets that support families and individuals across the lifespanIdentify and explain the components of a pay stubInterpret a credit report and explain how a credit score affects a consumer’s purchasing abilityIdentify and describe types of taxes an individual may encounter during their lifetimeCompare and contrast insurance options for a variety of needs throughout the lifespanSimulate maintaining a budget for an individual or family based on a given scenario