Collect the PMI charts and note students’ understanding of the considerations involved in comparative shopping. As homework, ask students to discuss with their parents areas of the family budget where some savings could occur. Each student should write a list of at least five expenses where they and their family feel some money could be saved by changing spending habits. (If it is considered to be too intrusive for your students to ask about household budgets, you could provide an alternative task identify, with their parents’ help, how savings can be made in a supermarket – context by identifying five products where money could be saved by changing their spending habits. NOTE if making this alteration, you will need to adjust the culminating assessment task, – outlined on Worksheet 8: Smarter spending. Notes The ABC program is an excellent resource for developing competence in consumer ‘Checkout’ and financial literacy. Start collecting advertisements and catalogues with prices of groceries perhaps send a letter – home to ask for these. Activity 2 Examine how unit prices are calculated Unit prices are on the most appropriate unit of measurement, which is usually written on the packaging. Students can look at unit pricing in real terms by visiting a supermarket or finding online grocery catalogues using the search specials Australia’. ‘supermarket The ACCC provides guidelines for unit pricing. Students work in pairs to answer the questions below. The ACCC website address is . What does ACCC stand for? What is the purpose of the ACCC? Students type unit prices’ into search engine then read the information online to ‘grocery find the unit that would generally be used for products with the following quantities. Quantity Unit 365 g 100 g 250 mL 100 mL 3.5 L 2.3 kg Briefly discuss students’ responses to these questions in class. Read through Resource 1: Unit pricing with the class. The handout models the calculations used to find unit prices. It is often reasonably simple to estimate an answer. For example:
Collect the PMI charts and note students’ understanding of the considerations involved in comparative shopping. As homework, ask students to discuss with their parents areas of the family budget where some savings could occur. Each student should write a list of at least five expenses where they and their family feel some money could be saved by changing spending habits. (If it is considered to be too intrusive for your students to ask about household budgets, you could provide an alternative task – identify, with their parents’ help, how savings can be made in a supermarket context by identifying five products where money could be saved by changing their spending habits. NOTE – if making this alteration, you will need to adjust the culminating assessment task, outlined on Worksheet 8: Smarter spending. Notes The ABC program ‘Checkout’ is an excellent resource for developing competence in consumer and financial literacy. Start collecting advertisements and catalogues with prices of groceries – perhaps send a letter home to ask for these. Activity 2 Examine how unit prices are calculated Unit prices are on the most appropriate unit of measurement, which is usually written on the packaging. Students can look at unit pricing in real terms by visiting a supermarket or finding online grocery catalogues using the search ‘supermarket specials Australia’. The ACCC provides guidelines for unit pricing. Students work in pairs to answer the questions below. The ACCC website address is . What does ACCC stand for? What is the purpose of the ACCC? Students type ‘grocery unit prices’ into search engine then read the information online to find the unit that would generally be used for products with the following quantities. Quantity Unit 365 g 100 g 250 mL 100 mL 3.5 L 2.3 kg Briefly discuss students’ responses to these questions in class. Read through Resource 1: Unit pricing with the class. The handout models the calculations used to find unit prices. It is often reasonably simple to estimate an answer. For example:
unit-of-work-yr7-how-can-we-reduce-our-spending.docx