discuss how the principles you've learned in this course apply to your home economy

What is the most important aspect of a home economics education?

In my opinion, the most important aspect of a home economics education is that students not only learn about subject matter that has relevance to their present lives, but will constantly be of use as they continue to grow.

What have you learned about macroeconomics throughout this course?

Throughout this course, you have learned about economic models and principles and how they apply to the macroeconomic issues a country faces. Take this time to share what you have learned. In your initial post, choose one of the six debates of macroeconomic policy discussed in the textbook.

What is the main idea of Economics?

The beautiful topic of Economics is based on the principal of scarcity: we have a limited amount of time and resources available to us and must make choices of how to allocate what we DO have. In college, this means balancing the 3 S’s: Sleep, Studying and Socializing.

What are the things you will learn in home economics?

At its core, Home Economics is about home management. This covers many subjects, such as human development, personal and family finance, housing and interior design, food science and preparation, nutrition and wellness, textiles and apparel, and consumer issues.

What do you learn in principles of economics?

What you will learnHow supply and demand influence market prices.Which driving forces cause fluctuation in the economy.How government policies play a role in inflation and unemployment.About the impacts of international trade and tariffs.

How does home economics help you in life?

Not only does home economics teach students about cooking and safety but it also builds responsibility. It teaches teens to use the techniques they learned in class in their home life. When teens learn how to take care of their household and themselves, it helps them to become more responsible at home.

How you can apply economics in your daily life?

Applying economics in everyday lifeBuying goods which give the highest satisfaction for the price. ... Sunk cost fallacy. ... Opportunity Cost. ... There's no such thing as free parking. ... Behavioural economics and bias. ... Irrational exuberance. ... On the other hand. ... Diminishing returns.More items...•

Why do you learn economics?

Economics helps you to think strategically and make decisions to optimise the outcome. Especially in demand are people who have studied Economics and Finance as they are particularly well-prepared for jobs in banking and the financial sector, such as in accountancy firms.

What do you hope to gain from a course in economic development?

By studying development economics, you will have the opportunity to apply the tools of economic analysis to the problems and challenges facing less-developed countries, and to begin to understand why some countries have been able to go through a process of economic and human development whilst others have languished.

Why is it important to study home economics literacy?

Its purpose is to enable individuals as family members, responsible consumers and global citizens to make informed choices and opt for appropriate behaviours in order to safeguard and enhance personal, family and community wellbeing. HE is taught as a timetabled school subject in many countries around the world.

What is the importance of home economics to the family?

It teaches the family how to plan, cook, serve and eat good food. It helps members of the family prepare for their expected roles in the society. It helps the family to manage their homes effectively. Home Economics helps to train family members in child care.

What is the main goal of home economics?

The objectives of Home Economics are: (1) to help students prepare them- selves for home and family living; (2) to provide certain experiences which are preparation for professional home economics employment; (3) to provide the home economics education curricula which will qualify the person to meet requirements of the ...

What is the importance of economics in daily life as a student?

Economics plays a role in our everyday life. Studying economics enables us to understand past, future and current models, and apply them to societies, governments, businesses and individuals.

Why did you choose home economics course?

WHY CHOOSE HOME ECONOMICS? IT AIMS TO HELP YOUNG PEOPLE ESTABLISH VALUES, ATTITUDES, KNOWLEDGE & SKILLS WHICH WILL EMPOWER THEM TO MAKE WELL-INFORMED DECISIONS ABOUT THEIR LIFESTYLE. THIS SECTION OF THE COURSE COVERS FINANCES, TECHNOLOGY, TEXTILES & CONSUMES STUDIES.

What is the most important aspect of home economics?

In my opinion, the most important aspect of a home economics education is that students not only learn about subject matter that has relevance to their present lives, but will constantly be of use as they continue to grow. One area of home economics that is considered to be among the most essential is the emphasis on personal development, ...

What is home economics?

One area of home economics that is considered to be among the most essential is the emphasis on personal development, decision making and intrapersonal skills. According to a study done in Japan, students’ personal initiatives play an extremely large role in determining how they’ll react to their changing work situations (1).

Why do people lack the ability to make effective personal decisions?

Those who lack the ability to make effective personal decisions are more at risk for experiencing hardships in the instabilities found in the real world. It was also found in the study that students do not feel they have the proper means to learn these valuable life skills at home (1). Taking courses in home economics at school allows students ...

Is home economics practical?

While other academic courses may cover theoretical aspects personal finance, home economics gives a more practical, everyday application of the subject matter. However, there have been some criticisms to how useful learning about consumerism as adolescents actually is.

What is diminishing returns?

The law of diminishing returns states that if one factor of production is increased while the others remain constant, the overall returns will relatively decrease after a certain point. “For example, if more and more laborers are added to harvest a wheat field, at some point each additional laborer will add relatively less output than his predecessor did, simply because he has less and less of the fixed amount of land to work with.” (http://www.encyclopedia.com/doc/1E1-diminish.html)

Is it more economically rational to think of your decision going forward and leave your past expenditures out of it?

Instead, it is more economically rational to think of your decision going forward and leave your past expenditures out of it; your money and time are already gone. From there you can determine your values and use the principal of opportunity cost to make your decision.

What do you learn in home economics class?

Depending on your school’s curriculum, you’d probably learn how to cook, clean, sew and do other household management tasks. You might be surprised to find out you’ll learn some pretty vital life skills, too, including how to look after children, basic first aid and how to manage your money.

Why is home economics important?

If you’re just signing up for middle school or high school classes, the importance of home economics might not be so clear. Like many things, home economics is something you’ll come to appreciate much more when you’re older. Home economics will teach you many of the skills that can help you become ...

How much does it cost to cook at home?

It can be inexpensive to cook your meals at home, often costing less than $5 or $10 per serving, depending on what you make. But at restaurants, you’re paying for more than just the food. You pay for the chefs, the waitstaff and the management, all for some food items that you can more or less make for yourself.

What are the advantages of home economics?

The advantage of home economics class is that you can learn all of the things you need to be an adult before you need them. Your friends who don’t have the benefit of a home economics class will have to look up how to do the same skills you take for granted. Or they might end up asking you.

Do you need to know how to cook in home economics?

Sure, you probably already understand that it’s important to know how to cook, but you may not know how to budget your money or do your taxes, both skills you may learn in the home economics classroom. The advantage of home economics class is that you can learn all of the things you need to be an adult before you need them.

Do parents know everything about home economics?

If you’re like most people, your parents don’t know everything. The advantage of home economics is that it can fill in those gaps. Most of the things you’ll learn in home economics are things you won’t realize you need until you’re older. Sure, you probably already understand that it’s important to know how to cook, ...

Is home economics good for schools?

The pros and cons of home economics in schools outlines the claims made by both sides of the debate. Those on the pro side believe that teaching home economics in schools will prepare students for the future. Most other classes require students to learn information that they may or may not use in their daily lives, depending on their jobs.