Happy EconEdMonth! Celebrate economics all month long by visiting EconEdMonth.org

Grade 9-12
,
Activity

What Car Should I Buy Activity

Time: 20 min,
Updated: September 15 2021,
Author: Council for Economic Education
Teacher Version
Objective Standards Summary Resources Procedure
Print

Objective

Students will be able to:

  • Evaluate their options when buying a car.

Standards

National Standards in Economics

National Standards in Financial Literacy

State Standards

Concepts

Decision Making/Cost-Benefit Analysis

In this personal finance activity, students will compare the costs and benefits of new vs used cars.

Resources

Procedure

This is an individual activity where students will examine the costs and benefits of buying a new car versus buying a used car. To complete this activity, students need to follow the directions below:

  1. Watch the video What’s the Cost of Buying a New Car vs a Used Car?
  2. Use either the Quizizz activity or ReadyAssessments Activity to determine the costs and benefits of both options.
  3. After completing the review, write a brief paragraph explaining which car (new or used) you would prefer to purchase and why.
Subjects:

Related Resources

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

Grades 9-12

Do Businesses Have Social Responsibility?

In Lesson #6 of the Ethics, Economics, and Social Issues curriculum, students will participate in a simulation and discussion to...
Key Concepts: Business Costs and Revenues, Decision Making/Cost-Benefit Analysis, Profit
45 min
Lesson