Consumer economics: Making decisions

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.