The deadlines to apply for our teacher awards are closing in! New York metropolitan area high school teachers can apply here for the Alfred P. Sloan Foundation Teaching Champion Awards until 6/30, and K-12 teachers nationwide have until 6/28 to apply here for the John Morton Excellence in the Teaching of Economics Awards!

Grade 9-12
,
Lesson

Decision Making

Time: 45 mins,
Updated: June 7 2019,

Objective

Students will be able to:

  • Explain how scarcity affects economic choices.
  • Describe the five-step decision-making model.
  • Use a decision-making grid to make informed choices.

In this personal finance lesson, students will use a five-step model to learn about decision making.

Book Info

This lesson is part of Financial Fitness for Life 9-12, 3rd Edition and provides the slides and activities with educational technology tools. For full access to the book, shop the teacher guide and student workbook below.

Teacher Guide

Student Workbook

Available in eBook and hard copy

Available in eBook and hard copy

Description

This lesson introduces a process of reasoning that is often referred to as the economic way of thinking. The process is summarized in The Handy Dandy Guide, a six-point primer on economic reasoning. Using the Handy Dandy Guide, the students analyze two situations and apply the economic way of thinking.

Resources

Subjects:
Personal Finance