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In this economics webinar, use models and basic concepts to help students understand the importance of making informed decisions.
An overview of Chapter 3: Decision Making.
This session features a five-step decision-making model which focuses on the identification of problems, alternative for solving them, criteria for evaluating all possibilities, and the opportunity cost of finalizing a choice. It also uses a decision-making grid and integrates basic economic concepts.
We will apply to real life examples, such as choosing a college, making big purchases and decisions students may need to consider during a pandemic.