Credit cards are convenient, user friendly, and at times dangerous. In this lesson students learn the joys and dangers of using credit as they help Credit, the main character in this activity, solve her credit problems.
Students will compare credit cards by looking at the amount of interest they will incur when paying off the balance on their purchases. Students will discuss times when they will need to use a credit card, rewards programs, and disadvantages of the use of plastic.
Getting and keeping a job often requires special education or training. While an employer may provide or pay for some additional education or training, workers often have to obtain it on their own. In this lesson, students use a weighted decision-making grid to choose a school that provides education or training for their chosen field of employment. Students use both financial and non-financial criteria in weighting their alternatives. If the teacher desires, the decision grid can be created by means of a computer spreadsheet. Students discover that major decisions like this one often involve trade-offs—getting less of one thing in exchange for more of something else. A weighted decision-making process can help them make the choice that best fits their interests and circumstances.
The following lessons come from the Council for Economic Education's library of publications. Clicking the publication title or image will take you to the Council for Economic Education Store for more detailed information.
Created specifically for high school mathematics teachers, this publication shows how mathematics concepts and knowledge can be used to develop economic and personal financial understandings.
3 out of 15 lessons from this publication relate to this EconEdLink lesson.
This publication contains lessons for teaching personal finance concepts to 9-12 students. Lessons for older students illustrate certain uses of more abstract representations.
2 out of 24 lessons from this publication relate to this EconEdLink lesson.