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Grade 6-8, 9-12
,
On-Demand Webinar

Financial Fitness for Life, Chapter 3: Decision Making

Time: 60 mins,
Presenter: Lynne Stover
Teacher Version
Objective Standards Summary Description Resources
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Objective

Teachers will be able to:

  • Show how scarcity affects economic choices.
  • Demonstrate a five-step decision-making process.
  • Model using a decision-making grid to make informed choices.

Standards

State Standards

Concepts

Decision Making/Cost-Benefit Analysis, Opportunity Cost, Scarcity

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In this economics webinar, use models and basic concepts to help students understand the importance of making informed decisions.

Description

An overview of Chapter 3: Decision Making.

This session features a five-step decision-making model which focuses on the identification of problems, alternative for solving them, criteria for evaluating all possibilities, and the opportunity cost of finalizing a choice. It also uses a decision-making grid and integrates basic economic concepts.

We will apply to real life examples, such as choosing a college, making big purchases and decisions students may need to consider during a pandemic.

Resources

Subjects:

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