- (a) The Superintendent of Public Instruction shall, with the approval of the State Board of Education, plan and develop a one-semester instructional program entitled consumer economics for use in schools maintaining any of grades 7 to 12, inclusive. When completed, the program shall be made available to all school districts and schools with grades 7 to 12, inclusive.
(b) The instructional program shall include, but not be limited to, the following elements:
- (1) Fundamentals of banking for personal use.
- (2) Elementary contracts.
- (3) Consumer guides to purchasing.
- (4) Uses and costs of credit.
- (5) Types and costs of insurance.
- (6) Forms of governmental taxation.