Prescribed Learning Outcomes
It is expected that students will:
- compare and evaluate various financial practices and how they affect family resource management
- devise resource-management strategies to address family needs and wants throughout life
- analyse the impact of family resource-management practices on local and global communities
To view the prescribed learning outcomes for Family Studies - Family Resource Management in grade 11 click on an icon below.
|
Suggested Instructional Strategies
Families manage their resources effectively and responsibly by critically evaluating options. Students examine how consumer decisions affect society.
- Have students brainstorm the pros and cons of various financing methods that are available to families making significant purchases (e.g., negotiating a loan, using a credit or bank card, paying cash). Ask students to compare the actual cost of a major household purchase using two different financing methods.
- Suggest that students in small groups brainstorm the major expenses typically encountered at different stages of life (e.g., furnishings, child-rearing expenses, college tuition, retirement planning). Ask each student to prepare a poster charting these expenses throughout life. Have them develop and defend strategies for financing these expenditures.
- Invite speakers to discuss with students various financial investments (e.g., RRSPs, mutual funds, stocks, bonds) and how they may be useful to families at different stages of life. Using this information, students then propose financial plans for education, purchasing a house, or retirement.
- Ask students to research the local and global impact of consumer choices such as purchasing a specific food or clothing item. Have them present their findings to the class, describing the environmental, political, social, economic, or technological impact of these consumer decisions.
- As a class, brainstorm a list of family tasks that families can hire other people to do (e.g., child care, house and garden maintenance, interior design, food preparation). Have students debate the advantages and disadvantages of employing others to do these jobs. Ask them to suggest what effects this practice could have on families, communities, and societies.
Suggested Assessment Strategies
- When students compare the costs of two different methods of financing a household purchase, check for:
- clear descriptions of the two methods
- accurate calculations
- conclusions that are supported by the calculations
- logical explanations of their findings
- Work with students to develop criteria for their posters charting major expenses throughout life. For example:
- focus is clear; all images and information are relevant
- overall impact accurately reflects the theme
- selection of images and labels shows understanding of financial strategies
- strategies chosen are appropriate in terms of life stages
- defence of chosen strategies is based on accurate information and logical reasoning
- After students have used information provided by guest speakers to propose financial plans, encourage reflection and collect assessment information by asking questions such as:
- What possibilities did you explore?
- What criteria did you use to select your financial investments?
- How might your decisions affect your family, the community, and society?
- What are the long-term implications of your choices?
- Form small groups and have each group report on the effects of purchasing a specific imported consumer product. With students, identify criteria for the reports. For example, each report should include:
- accurate descriptions of the living and working conditions of families in the country where the product is produced
- detailed implications or consequences for the country producing the product
- effective strategies for making consumer choices
- evidence of thorough research
Recommended Learning Resources
Print Materials
Video
Next Page
