Consumer economics: Making decisions

Duration: 21

Genre: Educational

Year Published: 1983

Creator: ENCYCLOPEDIA BRITANNICA EDUC. (FILM

Format: 16mm

Color: Color

Sound: sound

Description: Sam is suddenly wealthy with his bus money and allowance for the whole year in his pocket. He has nearly squandered his money when he encounters Sparky, the decision-making computer. Sam learns basic economic principles and decision-making steps to make consumer choices., The story of a 13-year-old boy who comes into a lot of money. Demonstrates the basic economic problem of scarcity and examines the need to make choices. Describes the decision-making steps that are involved and makes students aware that making choices is an ongoing process. A young boy contemplates investing his pooled funds in a stylish bicycle which will leave him penniless for other amusements and recreations. A robot and a computer at a decision-making service help him evaluate his financial dilemma and its alternative resolutions.

Complete Record: Sam is suddenly wealthy with his bus money and allowance for the whole year in his pocket. He has nearly squandered his money when he encounters Sparky, the decision-making computer. Sam learns basic economic principles and decision-making steps to make consumer choices., Follows 13-year-old Sam, who has talked his parents into a year's advance on his allowance, as he tries to decide whether to buy a new bike with the aid of Sparky, the decision-making robot. Discusses the six steps in decision-making: defining the problem, evaluating goals, identifying alternatives, defining consequences, making a choice and reviewing the decision. Identifies outside pressures that influence a decision. Ends with Sparky disappearing and Sam left on his own to make his decision., , The story of a 13-year-old boy who comes into a lot of money. Demonstrates the basic economic problem of scarcity and examines the need to make choices. Describes the decision-making steps that are involved and makes students aware that making choices is an ongoing process. A young boy contemplates investing his pooled funds in a stylish bicycle which will leave him penniless for other amusements and recreations. A robot and a computer at a decision-making service help him evaluate his financial dilemma and its alternative resolutions.NOTE: Two (or more) records have been merged together to create this data.