Consumer Education Unit - Don't get ripped off!

Consumer Education Projects

Your job is to become an expert on one of the following topics and then teach the important ideas about it to the class. Your final grades in the class and your consumer education credit depend on your project, your presentation and a final exam.

Topics:

1. “Why am I broke all the time?” How and why to do a personal budget.
2. “What security deposit?” How to rent an apartment.
3. “Pay myself first? What the…?” The how and why of savings.
4. “As seen on TV.” The power of advertising.
5. “The story of stuff.” How do my buying habits affect the world?
6. “Scams, spam and getting slammed.” How to avoid getting ripped off online and in the real world.
7. “I wish my parents were rich.” How to pay for college and not get buried in debt.”
8. “But I thought I was making 10 bucks an hour!” What to expect from wages. Where does all the money go from your paycheck?
9. “Pay the man.” How to do your taxes.
10. “Oh Lord, won’t ya buy me a Mercedes Benz.” How to buy cars and other expensive stuff. (or just take the train)
11. “A cheeseburger costs $487.63?” How to avoid credit card debt.
12. “If it seems too good to be true...” How bad consumer decisions contributed to the recent financial crisis.
13. "I always use protection!" How Insurance can save your butt.
14. "I want it NOW!" How to separate needs from wants and base consumer decisions on your core values.

Your grade depends on the following:

1. VISUAL presentation you will use to teach the class about your topic. This can be a PowerPoint, but could also be a video or other type of presentation (20pts)
2. The ORAL part of your presentation in which you teach the class about your topic. (10pts)
3. A one-page handout with key ideas which will be printed and distributed. (10pts)
4. A 10 question multiple choice quiz on your topic. (10pts)

You must keep track of, and list your sources on your one-page handout. These will be useful to your classmates if they need to look up this information in the future. 


As you work - save your files often, and be sure to e-mail the most recent version to your partner(s) at the end of every class/work session. Losing your file is not an acceptable excuse. 

Name files based on this template: Group00_class_product.ext

Group01_ConEd_Present.ppt  --> this is the presentation for group 1

Group13_ConEd_Handout.doc --> this is the handout for group 13

Group07_ConEd_Quiz.doc   --> this is the set of quiz questions for group 7 

Here are some links to resources for our Consumer Education unit. You may and should use other sources, but these should get you started.

1 - Why am I broke all the time?
http://www.myliferoi.com/2009/10/budgeting-worksheet-for-teens/
http://www.themint.org/teens/tracking.html
http://www.themint.org/teens/determine-your-budget.html
http://www.atg.wa.gov/teenconsumer/finances/budgets.htm 
http://www.dinkytown.net/java/HomeBudget.html

2 - What security deposit?
http://www.atg.wa.gov/teenconsumer/on_your_own.htm
http://www.tenant.org/
http://www.mytwodollars.com/2008/01/16/a-few-tips-for-first-time-apartment-renters/
http://ezinearticles.com/?Leasing-Planning-for-First-time-Apartment-Rental-Expenses&id=625503
http://data.cmap.illinois.gov/chicagoareahousing.org//Allinfo.asp?audience=r

3 - Pay myself first?
http://www.fool.com/how-to-invest/thirteen-steps/step-1-change-your-life-with-one-calculation.aspx?source=ii1sitlnk0000001
http://www.themint.org/teens/saving.html
http://www.themint.org/teens/compounding-calculator.html

4 - As seen on TV:
http://pbskids.org/dontbuyit/
http://www.icbs.com/kb/marketing/kb_marketing-psychological-tricks-in-selling.htm
http://www.wsu.edu:8080/~taflinge/words.html
http://www.factcheck.org/
http://www.cracked.com/article_15768_as-seen-on-tv-10-most-laughably-misleading-ads.html
https://www.adbusters.org/gallery/spoofads

5 - The story of stuff. 
http://www.storyofstuff.com/
http://www.npr.org/blogs/money/2010/03/how_much_does_a_pair_of_jeans.html 
http://www.globalissues.org/issue/235/consumption-and-consumerism
https://www.adbusters.org/campaigns/bnd
http://www.verdant.net/
http://www.lifehack.org/articles/lifestyle/how-to-avoid-being-enslaved-by-consumerism.html
http://www.ted.com/talks/lang/eng/alex_steffen_sees_a_sustainable_future.html

6 - Scams, spam and getting slammed:
http://www.snopes.com/
http://www.atg.wa.gov/teenconsumer/buying_goods_and_services.htm
http://chicago.bbb.org/consumers/
http://www.nytimes.com/2010/05/20/technology/personaltech/20basics.html?src=me&ref=general

7 - I wish my parents were rich!
http://www.atg.wa.gov/teenconsumer/finances/financing_college.htm
http://www.collegeboard.com/student/pay/
http://apps.collegeboard.com/fincalc/ep/wizard-home.jsp

8 - But I thought I was making 10 bucks an hour...
http://www.themint.org/teens/earning.html
http://www.wallstats.com/deathandtaxes/
http://www.dinkytown.net/java/HomeBudget.html

9 - Pay the man.
http://www.freefile.irs.gov/
http://www.helium.com/items/159765-income-tax-tips-for-first-time-filers-the-w-2-your-first-step
http://www.bankrate.com/brm/itax/news/20040130a1.asp
http://www.irs.gov/
http://www.wallstats.com/deathandtaxes/

10 - Oh Lord, Won't ya buy me a Mercedes Benz..
http://www.themint.org/teens/spending.html
http://www.atg.wa.gov/teenconsumer/buying_goods_and_services.htm
http://www.atg.wa.gov/teenconsumer/transportation.htm
http://www.igocars.org/
http://www.activetrans.org/
http://www.lyricsfreak.com/j/janis+joplin/mercedes+benz_20069845.html
http://www.jango.com/music/Janis+Joplin?l=0

11 - A cheeseburger costs $487.63!
http://www.themint.org/teens/owing.html
http://www.themint.org/teens/i-paid-how-much.html
http://www.nolo.com/legal-encyclopedia/article-29911.html
http://www.atg.wa.gov/teenconsumer/finances/credit_cards.htm

12 - If it seems too good to be true...
http://baselinescenario.com/financial-crisis-for-beginners/
http://www.npr.org/blogs/money/2008/12/whats_causing_the_crisis.html
http://socyberty.com/economics/the-financial-crisis-for-dummies/
http://www.dosomething.org/blog/chatterbox/financial-crisis-teen-are-feeling-pinch-too
http://vodpod.com/watch/1035776-financial-crisis-for-dummies

13 - How Insurance can save your butt...
http://www.progressive.com/shop/teen-car-insurance-resources.aspx
http://insurance.mo.gov/consumer/teens/index.htm
http://www.superpages.com/supertips/car-insurance-for-teenagers.html
http://www.allkidscovered.com/
http://www.geico.com/information/aboutinsurance/renters/
http://www.giis.org/rent/rent.shtml

Social Psychology Videos you MUST watch...

The following links feature very important concepts in social psychology. Review Asch's, Milgram's and Zimbardo's classic studies and read up on the "bystander effect." 

The Bystander Effect... what would you do?


This just happened, so all the facts aren't in yet but it looks like a 31 year-old Guatemalan man named Hugo Alfredo Tale-Yax was stabbed on the street in New York City and many pedestrians walked right past him as he died. You can read the story and see a surveillance video here.


Read more about the bystander effect here. 

Asch's Conformity

Solomon Asch's conformity study showed how easily people will give an obviously wrong answer when other people are giving that same answer. Watch the video at the link below:

http://www.youtube.com/watch?v=iRh5qy09nNw

Milgram's Obedience

Stanley Milgram's obedience study was recently partly replicated by ABC's Prime Time show. Watch how easily people follow orders even when they know the orders are wrong.

http://www.youtube.com/watch?v=HwqNP9HRy7Y

Zimbardo's Prison Roles

Philip Zimbardo's experiment about how roles affect behavior is known as the "Stanford Prison Experiment." Those playing inmates became passive while those playing guards became aggressive. Subjects' real identities seemed to pale in comparison to the roles they played so much that the experiment had to be stopped after a few days. Who knows what would have happened if the experiment had gone on for two full weeks.

http://www.youtube.com/watch?v=rmwSC5fS40w