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This is the easiest part to get started with Skype. Any device that is capable of outputting sound -headphones, speakers, hi-fi sets- can be used with Skype, if they are correctly connected to your computer and functioning properly. I personally use the stereo speakers that are on my desk or the speakers of the notebook, depending on which one I am using.
To input sound, again any microphone that can be properly connected to your computer and functioning will do. Simply plug your microphone’s jack to the appropriate plug and you are ready to go. Don’t ask me which one I am using, I simply went to a technology store and asked for a standard 3.5” microphone with the lowest price (a little bit more than USD 3.)
However, if you will be using Skype extensively, then I recommend you purchase a good quality headset with built-in microphone.