Code: 1.3.1 · Adults
Prices
Descriptors
Knowledge
What you can do at this level
- Kdaily-lifelarge-majority
Knows how to calculate and interpret meaningful unit prices of purchases, where relevant
- Kdaily-lifelarge-majority
Knows that the same goods or services may be priced differently depending on a variety of factors, such as the vendor, the location or the time of purchase
- Kresiliencedaily-lifelarge-majority
Knows that the purchasing power of money can vary over time due to inflation
- Kdaily-lifelarge-majority
Knows that price is not the only relevant criterion to buy a specific product and that quality, terms and conditions also matter
- Kdaily-lifelarge-majority
Knows that the actual cost of a good or service may depend on factors such as taxes, exchange rates, shipping costs and customs’ duties (if ordered from outside the EU)
- Kdaily-lifelarge-majority
Knows how to calculate the final consumer price where this is not stated on the price ticket of an item
- Kdigitaldaily-lifelarge-majority
Knows that when purchasing products online, the price of identical goods or services may be different according to i.a. the consulted website or browsing history, the shipping conditions applied, or the location from where the purchase is made
Skill
What you can do at this level
- Sdaily-lifelarge-majority
Calculates or estimates the final price of a good or service
- Sresiliencedaily-lifelarge-majority
Seeks ways to manage the impact of inflation on money held
- Sdaily-lifelarge-majority
Seeks to buy goods and services at a fair price
Attitude
What you can do at this level
- Adaily-lifelarge-majority
Confident to negotiate a fair price
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.
- A — How you approach things: values, dispositions and behaviours.