Ch 65: AEPA: Consumer Economics

About This Chapter

The state of Arizona administers the AEPA Middle Grades Social Science exam to test the competencies of professional educators. Complete this chapter to study up on product liability, laws that ensure consumer protection, buying behavior and the impact of e-commerce.

AEPA: Consumer Economics- Chapter Summary

This chapter has been put together to help you understand some of the principles of consumer economics, the laws that protect consumers and the effects of e-commerce. Follow along with our expert instructors in this series of engaging lesson videos as they discuss:

  • Product liability and defective product liability
  • Laws that protect consumers
  • Consumer privacy and fraud in relation to e-commerce and m-commerce
  • Buying behavior and the adoption of new products

The chapter includes self-assessment quizzes as well as a practice final exam so that you can evaluate your own progress and readiness for the exam's questions. Check out the written transcripts even as you're watching the videos and listening to the instructors' narration.

AEPA: Consumer Economics Objectives

A three-hour-long exam, the AEPA Middle Grades Social Science assessment uses 150 multiple-choice questions to test aspiring middle grades social science teachers' comprehension of the content area. Twelve percent of the material covered in this computer-based certification exam are included in the Economics domain. This chapter has been assembled to aid in your review of consumer economics as you study for this exam.

6 Lessons in Chapter 65: AEPA: Consumer Economics
Test your knowledge with a 30-question chapter practice test
What Is Product Liability? - Definition & Laws

1. What Is Product Liability? - Definition & Laws

Businesses are held responsible when their products are defective, known as product liability. Liability can be based on one or more of three theories: Breach of warranty, negligence, and strict liability. This lesson explains these three theories.

Defective Products Liability

2. Defective Products Liability

Businesses are held responsible when their products are defective. There are three types of possible product liability defects. This lesson explains the three possible types of defects for which businesses can be liable.

What Is Consumer Protection? - Product Liability, Laws & Rights

3. What Is Consumer Protection? - Product Liability, Laws & Rights

Consumer protection refers to the laws and other forms of government regulation designed to protect consumers. One form of consumer protection is product liability. This lesson explains consumer protection and product liability.

Impact of e-Commerce and m-Commerce on Consumer Privacy and Fraud

4. Impact of e-Commerce and m-Commerce on Consumer Privacy and Fraud

There are a number of challenges in the world of e-commerce and m-commerce stemming from the ease of information exchange over the Internet. The issues discussed in this lesson include consumer privacy and fraud.

Buying Behavior and Marketing: Types of Consumer Buying Decisions

5. Buying Behavior and Marketing: Types of Consumer Buying Decisions

Marketers must consider how consumers decide to buy their product. Consumers use nominal, limited, and extended decision making. Watch this video to learn more about the different types of consumer decisions.

How a New Product is Adopted by Consumers

6. How a New Product is Adopted by Consumers

In this lesson, you will learn the five stages consumers go through to determine whether or not to adopt a product that is new to the marketplace. You will also learn why it is important for companies introducing new products to understand the adoption process their customers use.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the AEPA Middle Grades Social Science (NT202): Practice & Study Guide course

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