Code: 1.3.1 · Children and youth
Prices
Descriptors
Knowledge
What you can do at this level
- Kage:11-15
Aware that prices of goods and services can increase over time (inflation)
- Kage:11-15
Understands that there is a difference between wholesale and retail prices, between producer prices and consumer prices, and between price per unit and total price
- Kage:11-15
Knows that certain goods are public (for e.g. the public park) and knows that the cost is borne by the community
Skill
What you can do at this level
- Sage:6-10
Differentiates between the price and value of a good or service
- Sage:6-10
Compares similar products according to prices and understands that a product/service can be overpriced
- Sage:6-10
Lists prices of basic items, including food
- Sage:11-15sustainablecitizenship
Considers criteria other than price when choosing a product (including quality, terms and conditions, environmental, social and governance considerations, etc.) while taking into account personal income situation and other circumstances
- Sage:11-15
Uses mental arithmetic to estimate the final price of a good or service (including discounts)
- Sage:16-18citizenship
Analyses factors that may be reflected in the final price of a good/service (competition, supply and demand, quality, innovation, advertising, taxes etc.)
Attitude
What you can do at this level
- Aage:16-18
Confident to negotiate a fair price, when this is possible and appropriate
- 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.