Objective
Students will be able to:
- Explain how scarcity affects economic choices.
- Describe the five-step decision-making model.
- Use a decision-making grid to make informed choices.
In this personal finance lesson, students will use a five-step model to learn about decision making.
Description
In this lesson, students use a decision-making grid and basic economic concepts to better understand the importance of making informed decisions.. They apply the model in exercises that call for choosing a college and buying a personal computer. The model focuses on identification of problems, alternative possibilities for solving problems, criteria for evaluating those possibilities, and the opportunity cost of the decisions arising from the process.
Resources
Book Info
This lesson is part of Financial Fitness for Life 9-12, 3rd Edition and provides the lesson plan, slides, and activities with educational technology tools. For full access to the other lessons in the book, shop the teacher guide and student workbook below.
Teacher Guide |
Student Workbook |
|
|
|
