Objective
Students will be able to:
- List and explain the basic principles of economic reasoning.
- Use economic reasoning to explain how families can use money-management skills to improve their standards of living.
- Use economic reasoning to explain why people who have more education usually gain more opportunities and higher incomes in the future.
Concepts
In this personal finance lesson, students will analyze two situations to apply economic thinking.
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.
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Student Workbook |
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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.