Teachers, you can now register your students for TWO NATIONAL COMPETITIONS this spring—our National Personal Finance Challenge (financial stability/mobility) and our National Economics Challenge (micro/macroeconomics).

Grade 3-5, 6-8, 9-12

Decision Making/Cost-Benefit Analysis Video and Quiz

Updated: July 12 2012,
Open Video

This video teaches the concepts of Decision Making and Cost-Benefit Analysis. Decision making refers to the process by which rational consumers seeking their own happiness or utility will make choices. Cost-benefit analysis is a technique for deciding whether an action should be taken by comparing its benefits and costs. [TRANSCRIPT]