Activity 2: How do we pay for goods and services? (Commerce)
1. PLAY the video segment
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In the video, Tye explains that Sophie buys all the latest gear and lives 'like there's no tomorrow'.
Sophie seems to always buy what she wants, regardless of price or quality. |
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2. VISIT a shopping centre with a partner to find out how you can pay for goods or services at the places below. The first one is done for you. You can find this table in the PDF How do we pay for goods and services?
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Shop / Store |
Payment Options |
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Department store |
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Big Z Mart |
Cash, cheque, lay-by, debit cards of all banks and credit unions, Mastercard, Visa, Bankcard, Zebra Store card |
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Newsagent |
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Supermarket |
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Restaurant |
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Homeware store |
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Cafe |
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3. CHOOSE two payment options and find out:
- who is eligible to use the payment option
- what costs are associated with the payment option
- if there is a contract associated with the payment option.
4. DISCUSS your findings with the class.
This activity can be found in the NSW Money Stuff Teacher resource book– Commerce page 20.
Explore additional learning activities (which include extension and revision tasks) in the print resources section under Print resources - Victoria.
Linked Learning Outcomes - NSW
Core Part 1.1 Consumer Choice
Focus: Students learn how to identify, research and evaluate options when making decisions related to solving those problems and issues that confront consumers.
Students learn about: Payment Choices.
Outcome LS.8:
Students learn about: Purchasing goods and services.
Learning Outcomes – Victoria
Victorian Essential Learning Standards (VELS) Discipline-based learning
Domain: The Humanities - Economics
Dimension: Economic knowledge and understanding
Level 5
Students explain the nature of the economic problem and how economic choices involve trade-offs that have both immediate and future consequences.
Students make informed economic and consumer decisions, demonstrating the development of personal financial literacy.
Level 6
Students discuss and explain what it means to be an ethical consumer and producer and identify examples of ways values can affect the economic decision making of consumers, producers and governments.
Students explain the role and significance of savings and investments for individuals and for the economy, and demonstrate the skills required to successfully plan and manage personal finances.
Learning Outcomes - Western Australia
(Society & Environment)
NSS 3.3 Understands that flows exist in the production, distribution and exchange of goods and services.