Unit 1: Economic Decision How do choices and incentives influence the behavior of individuals, businesses, and economic institutions? weeks 5-6 Enduring Understandings Suggested and Resources When most people about economics, they think HM Economics: Concepts and Choices, of numbers, graphs, and equations. But this is not Chapter 1, Chapter 2, Chapter 3 what economics is all about. Economics involves -Budgeting and Money Management: 574-581 -Credit: 582-589 the study of how people choose to use their -Wise Choices for Consumers: 590-599 -Getting Out on your Own: 600-609 resources. When people cannot have everything they want, they must make choices. Some Econ Alive! TCI Teacher Materials Online economics argue that economics is mainly about Economic Way of Thinking, Economic Decision Making, Economic Systems how we make these choices. These economists Money, Banking, Saving and Investing define economics as the science of decision making. EverFi Financial Literacy Online Simulation – The driving question for this unit is, do Modules: Higher Education, Payment Types, Savings, and Credit Scores “How choices and incentives influence the behavior of This program, funded by Principal Financial Group, requires online access. Students who successfully individuals, businesses, and economic institutions?” complete the program earn a of Completion.” The teacher’s guide and all resources can be “Certificate In this unit, students explore this question and the found online: Our contact for this resource is Lincoln Hughes at fundamentals of economics. Newspaper Headlines Personal financial literacy is also highlighted in this Foundation for Teaching Economics unit, hooking students to the content with authentic Reffonomics connections to students’ lives. Students analyze YouTube: Fireman’s Auction Clip; Dentist Negotiation payment types and the concept of savings. Students Learn 360 learn about the significance of credit scores and NBC think about financing higher education. Link to Course Resources: Unit 1: Economic Decision Making
Unit 1: Economic Decision How do choices and incentives influence the behavior of individuals, businesses, and economic institutions? 5-6 weeks Enduring Understandings Suggested and Resources When most people about economics, they think of numbers, graphs, and equations. But this is not what economics is all about. Economics involves the study of how people choose to use their resources. When people cannot have everything they want, they must make choices. Some economics argue that economics is mainly about how we make these choices. These economists define economics as the science of decision making. The driving question for this unit is, “How do choices and incentives influence the behavior of individuals, businesses, and economic institutions?” In this unit, students explore this question and the fundamentals of economics. Personal financial literacy is also highlighted in this unit, hooking students to the content with authentic connections to students’ lives. Students analyze payment types and the concept of savings. Students learn about the significance of credit scores and think about financing higher education. Economics: Concepts and Choices, HM Chapter 1, Chapter 2, Chapter 3 -Budgeting and Money Management: 574-581 -Credit: 582-589 -Wise Choices for Consumers: 590-599 -Getting Out on your Own: 600-609 Econ Alive! TCI Teacher Materials Online Economic Way of Thinking, Economic Decision Making, Economic Systems Money, Banking, Saving and Investing EverFi – Financial Literacy Online Simulation Modules: Higher Education, Payment Types, Savings, and Credit Scores This program, funded by Principal Financial Group, requires online access. Students who successfully complete the program earn a “Certificate of Completion.” The teacher’s guide and all resources can be found online: Our contact for this resource is Lincoln Hughes at Newspaper Headlines Foundation for Teaching Economics Reffonomics YouTube: Fireman’s Auction Clip; Dentist Negotiation Learn 360 NBC Link to Course Resources: Unit 1: Economic Decision Making
economics_curriculum_guide__2017_2018.docx