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Publication
Grade 9-12
,
Lesson
The Economic Way of Thinking
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
![](https://preview1.econedlink.org/wp-content/uploads/2019/06/The-Economic-Way-of-Thinking-1024x711.jpg 1024w, https://preview1.econedlink.org/wp-content/uploads/2019/06/The-Economic-Way-of-Thinking-300x208.jpg 300w, https://preview1.econedlink.org/wp-content/uploads/2019/06/The-Economic-Way-of-Thinking-768x533.jpg 768w, https://preview1.econedlink.org/wp-content/uploads/2019/06/The-Economic-Way-of-Thinking-100x69.jpg 100w)
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.
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