Celebrate #FinLitMonth with us by finding ideas for you and your students!

Grade 9-12
,
Lesson

Behavioral Economics Lesson Five: Other Things Matter

Time: 60 mins,
Updated: August 31 2023,
Author: Chris Cannon, William Bosshardt, Andrea Caceres-Santamaria
Teacher Version
Objective Standards Summary
Print

Objective

Students will be able to:

  • Describe factors impacting the decision-making process.
  • Compare and contrast different thought processes in the decision-making process.

Standards

National Standards in Economics

State Standards

Common Core State Standards

Concepts

Decision Making/Cost-Benefit Analysis

In this economics lesson, students will compare and contrast factors affecting decision-making.

Subjects:
Economics,Social Studies

Related Resources

Grades 9-12

Can We End Housing Insecurity?

Students compare the economic costs and benefits of helping people who are experiencing housing insecurity and consider the ethical implications.
Key Concepts: Decision Making/Cost-Benefit Analysis, Role of Government
90 mins
Lesson

Grades 9-12

Can You Be Fashionable and Ethical?

Students “produce” blue jeans and make business choices about production to simulate the decision of changing from more expensive, but...
Key Concepts: Costs of Production, Decision Making/Cost-Benefit Analysis, Externalities…
60 mins
Lesson

Grades 9-12

What is the Most Ethical Way to Fund Public Schools?

Students analyze documents, create a school-funding graphic organizer, and write an email to their state representative with their plan to...
Key Concepts: Decision Making/Cost-Benefit Analysis, Opportunity Cost, Role of Government
90 mins
Lesson

Grades 9-12

Does Self-Interest Prevent Economic Justice?

In Lesson #7 0f the Ethics, Economics, and Social Issues curriculum, students explore basic ideas of justice by examing government...
Key Concepts: Decision Making/Cost-Benefit Analysis, Incentives, Veil of Ignorance
60 mins
Lesson