COCUMENT RESUME ED 132 413 CE 009 225 AU1UI Irvin, :,esse L. TI:LE Un the Lath to detter Living. INSTITUTION 1,,utgerl,, The State Univ., New Brunswick, N.0. curriculum Lab. iCN AC,NCY New Jersey State Dept. of Education, Trenton. Div. of Vocational Education. PUE DATE Dec 7u NOTE :10p. AVAILABLE New Jersey Vocational-Technical Curriculum Laboratory, Euilding 4103, Kilmer Campus, Ruige::.i University, New Brunswick, New Jersey 08q03 ($2.00 plus postage) MF-$0.b3 HC-$11.37 Plus Postage. DESC1-.ILIOES Banking; *Business; Business Education; Business Subjects; *Daily Living Skills; *Economics; :nstructional Materials; Labor Unions; Lesson Plans; Money Management; Planning; Secondary Education; *Student Development; *Systems Concepts; Taxes; Vocational Education :DENTif:E:S United States ABSTRACT The purpose of this course of study is to improiv,. economic citizenship through the study of the business and Economic environment. Topics cover a wide range and are divided into twelve major units with lesson plans for each: Unit I--Our Economic World, Unit II--Our Economic System, Unit III--Economic Risks and Insurance, Unit IV--Money Management, Unit V--Our American Tax System, Unit VI--Planning Ycur Future, Unit VII--Using Credit Wisely, Unit VIII--Banks and Banking Services, Unit IX--Labor and Labor Unions, Unit X--Transportation, Unit XI--Communication, and Unit XII--You and the Law.A bibliography is appended. (HD) ***####*####*###*###*##########*#*##44g*###***********##*##*#*##*####### Documents acquired by ERIC include man- fnformal unpublished * materials not available from other sourcof E.-(IC makes every effort * * to obtain the best copy available. Never:ht Bbs, items ofmarginal * * reproducibility are oiten encountered and this affects thequality * * of the micrcfiche and hardcopy reprodu-tions ERIC makesavailable * via the EEIC Document Reproduction Service (FDPS). EDES is not * responsible for the quality of the original document. Reproductions * * supplied by EDRS ale the best that can be made frcm the original. *********************************************************************** (_,N THE PATH TO BETTER LIVING Jesse I Irvin, Instrw.tor Joh n K. Ossi. Superintendent Burlin,.;ton County Vocational and Technic,d Schools Mt. Holly, New J,.-se..- U S DEPARTMENT EDUCATION OF HEALTH, & WELFARE NATIO4Al. INSTITUTE EDUCATION OF THIS DUCON'ENr DUCED (74Ae HAS BEEN TL AS RECEIVE('REPRO- THE PERSON FROM ATING IT ,)R OR04N/114710N Pf-)F% TS 01 ORIGIN- STATED DO s,,EsN OP C,P,NIDN5 SENT0Ev Nu/ NE.CESSABft, ICIAL NATIONAL kErH4E- EDUCATION INSTTt/TE PnsmON DE Vocational-Technical OR ELB. ,CY Curriculum Laboratory Puti.r.ers The Statc University Building 4103 Kilmer Campus NessBrunswick. New Jersey December 1976 .4 \W [FILSLY DITAITNILN'E EDUCA.IION pi!, 1,,RI, CoM.ME'IoNI.I.. \ I!III!I.' F. I)ItUTY k)MMISSI DIVISION OF VOCATIONAL EDUCATION wit I IAM WENI.E.I., ASSISTANT COMMISSIONER foliN 1..ADVAN). , DEPUI'Y ASSISTANT COMMISSIoNER IIAROLD R. SELIZER, II,EPUTY ASSISTANT COMMISSIONER (Actir,;) AMEN qi \PIM), DIRECD)K, VoCATIoNAL CURRICI 'I UM EAI)p,Ap w,y CURRICULUM LAM)RATORY THE STATE UNIVERSITY BlIILDINCI 4.1 0 I KILMER CAMPUS NEW BRUNSWICK, NEW ILESEY INTROD[CTION "File Lurposc of chi. course ist() iny,rove your economic citizenship throi,gh ti:e study orour business and e,..)110111;c environment. Good economic citizenship includes the knowledge and under,tanding of: (1) how rhe American business system functions as part of ,mr total economic environment: (2'i how to make wise choiceS in selecting and using thezo,)dsand services that arc available from husi ess, industry, and g,overnment: and (20 how to ni,,nage your personal and business affairs efficiently. A'; young Americans. you arc grrowing up in a period of easy credit, which makes itpossible to get into debt -over your head.- In addition, you can become caught in cycles w1Pire rising costs make it difficult to piiv fobi,sic needs. As a consequence, it becomes difficult. if not impossible, to save for education and other future goals. Often %vage increases have resulted in more installment buying rather rhan paying off existing installmenu debts. Economic education can help people to spend their money wisely, to avoid over powering debts, and to understand the principles of production, consumption, and credit. This course covers a wide range of top;cs. You may have sonIC knowledge of some I.) f the areas that will be explored by this course, while other, will be new to you, All of the subjects vill bc useful to you, both now and in your ruture life. I :\ 1;1 CONTENTS Page IntriAiLICr/.,)11 . Unit I our F.( ,,uomic ot-id Less,01 I Lconornic Need, .uni Want., 1 PA:\ ;11,, Food roodPlannim, 7 Lesm,n Buyin,z, Cothin4 12 Les,.on 3 Decidim.r. Pla,c tLise 19 6 Th.. Automobile 36 Lesson 7 tiow ,nd Aprlianc'2s 43 l'nit II hir Economic System Lesson 1 Our Economic System Capitalism 46 Lesson 2 1-10w Incomes Are Spent 49 Lesson 3 Your Rights as a Buyer 51 Unit III Economic Risks incl Insurance Lesson 1 Automobile Insurance 54 Lesson 2 Life Insurance 59 Lesson 3 Homeowners Policies 64 Lesson 4 Health Insurance 67 Lesson 5 Social insurance 70 Unit IV Money Management Lesson 1 Inflation 76 Leson 2 Planning Use of Your Income 80 Lesson 3 Money Management for the Family 84 l)nit V Our American Tax System Lesson I History of Taxation 88 Lesson 2 Levels and Kinds of Taxes 90 Lesson 3 Individual Income Tax System 93 Unit VI Planning Your Future Lesson 1 Living and Working in Our Economy 97 Lesson 2 Finding Out About Yourself 100 Lesson 3 Looking For a job 104 Lesson 4 The Resume 113 Lesson 5 The fob Interview 119 Kinds Credit Avadable 124 )rening Ch..n.*: Account 11talltIR'llt Buying 132 B,rrowinc, Money 136 VIII Banks ,ind Banking Services Lesson 1 KinL of Banks 141 Lesson 2 Cli..sking Accounts 143 Less,)n 3 Saving Mone% 152 Unit I\ Labor ^xJ Labor Unions Lesson 1 History of the LaborMovement 155 Lesson 2 Labor Unions 158 Unit X fransportation Lesson 1 Freight Moving Systems 162 Lesson 2 Traveling By Car 165 Lesson 3 Commercial Transportation 168 Unit XI Communication Lesson 1 The Telephone 172 Lesson 2 Telegraph Service 175 Lesson 3 The Postal System 178 Unit XII You and the Law Lesson 1 Why Learn About the Law? 181 Lesson 2 Civil Law 183 Lesson 3 Criminal Law 186 Lesson 4 ()Lir Court System 193 Lesson 5 Legal Documents 196 Bibliography "03 iii 6 OLR I.LONO\IR ()RI I) I.C,,t)n I I (mown, Needs and \Vants 'ilk .1Stat. thtirLi 2.tt1 imillion .1 us. It:Aidedit) oncina 1,1N. .% 0111c11., 110,1,1 tuilc!tN. tiol thcr,.SOIL .1rc (11R1111.)1( o.cd hCLIi1 f atz( . II hcAth. Lick f 'I,. Rut 1 itari cish.tt wc .1,11 of. IS i (.I. Chal1111,4. 11105other irems that %Ye purchase from nearby businesses. \Ve ii.) use the serviceif many people, such as bankers. dry cle,inerS. barbers. beauticians. garage and television repairmen. ItI,a Saturday afternoon, ahd Coil are ssindow-shopp-ing downtown or at a mall. Huw inane different things that you wonlike tu ussn d,c(ffi see in the store windows? A Just-released record album. (ir maybe a siAcater. Perhaps a camera, a stereo set, a pair orboots, or even a wall poster. We never stop needing or wantin,' things. \ict are those things we must have to survive. Fuod. elotliiiind shelter are usually thought of as our diree basic needs. We must provide these needs Fiefore we cal' think about our wants. IC,mts are those things which we could live without. but which make livilIp much more run. All the stores that Sim pass durmp your Satonlay wirldow-slulprin).2, eyist to s.itisfvy Mir needS andwants. We satisrv most or our needs ,md wants 1)\buying,oods and services. A. bushiess diliiraniration that supplies us with most ot the goods or services that we want. ScIA ice,are ,Upplic0 115 ,l1,11Illiltilt lIlik IShospit,ds, government agencies, and schools. iiprOdirCt,' are the tangible thiligsthings ix): can actually see and feel) we use in ()or everyday lives. Sonic ;:tuodS. like food. ;Ire used up it one time. Other rpods. !ikecars, may be used over and over ag.,tiitor:I LII;2, Scrrices are the work performed for us by others. We are using services when we mail letters, fly in a plane, call a plumber. use die telephone, or get clothes dry-cleaned. As a user of goods and seryicys, you arc a consumer. `...;() is every person you know.f 4)2,mi..itionscanalsobeconsumers.Yourschoolbuysandusesdesks, chalkboards.iabsupplies,and many otheritems.Yourstate,local,andfederal . tr,,W %OHL ti .i[' L /1),UTITC) hC (IR ..tH t nianv supplied b\,,iii,u- busincsss. needs L ash Niusier. ,111,1111.11I \V (HY pi011eel(..1111ilit.,, of our countr,The\ had N, take Lai.; ol :1;1(1 ,H1H. 11.1,1 tr.ide with othcr since the ticarcst Canl\ li\cd 111,InV Meats were smoked. E, preserve them. Each farnilY e,rmind us own grain .Ind made its W11 111,1de their t\Il Clkql1 and furniture. They raised sheep. sheared them. spun the w,,ol into v.irn, \VMV the yarn into cloth. They were LItlite ThYir .md services were limited nio,11\ L. what thcv could produce in (.7- near their hmnies. we arc hot5,, much independent .1S V HileIC'CO.M/CHt. A person C;111 produce tew the goods and services he needs or wants without depending oil others. Claithinz,isa basic necdind many women today sewtheir own clothes: hut lim.v man\ women spin their own thread and weave flic,r (,wiicloth? hi this unit we will talk how to buy the goods and services that we need .411r.