Standards in Economics

Below are the National Standards in Economics that most closely relate to the following lesson.


Timing Is Everything ~

Grades: 9-12


Name: Decision Making

Standard: 2

Grades: 4-12

  • Students will understand that: Effective decision making requires comparing the additional costs of alternatives with the additional benefits. Many choices involve doing a little more or a little less of something: few choices "are all or nothing" decisions.
  • Students will be able to use this knowledge to: Make effective decisions as consumers, producers, savers, investors, and citizens.