Grade 9-12
,
On-Demand Webinar

Financial Fitness for Life, Chapter 2: The Economic Way of Thinking

Time: 60 mins,
Presenter: Tawni Ferrarini
Teacher Version
Objective Standards Summary Description Resources
Print

Objective

Teachers will be able to:

– Identify six core principles for economic fundamentals.

– Apply these principles to teach sound personal finance and incorporate into other content.

Standards

State Standards

Concepts

Consumer Economics, Opportunity Cost, Scarcity

This video is available to view for EconEdLink members only.

In this economics webinar, learn six basic economic principles to teach personal finance and the process of reasoning.

Description

An overview of Chapter 2: The Economic Way of Thinking.

 

The process of reasoning called “the economic way of thinking” can easily be applied to everyday life choices. Through a six point primer — “The Handy Dandy Guide” — students can learn the basics of personal finance.

 

Resources

Subjects:

Related Resources

Grades 6-8, 9-12

Buying Electric Appliances - Watt You Need to Know

In this lesson, students learn about the importance of energy costs when considering household budgeting decisions. They also consider the...
Key Concepts: Budgeting, Decision Making/Cost-Benefit Analysis, Opportunity Cost
60 mins
Lesson

Grades 3-5, 6-8

Willy Wonka Allocates Golden Tickets

In this lesson,  students review scarcity and ways to allocate scarce resources (like golden tickets), taking the perspective of the...
Key Concepts: Allocation, Scarcity
45 mins
Lesson