Theme 1: Economics at a Personal Level Potential Content



Download 133.5 Kb.
Page1/10
Date19.06.2021
Size133.5 Kb.
  1   2   3   4   5   6   7   8   9   10

ECONOMICS

Theme 1: Economics at a Personal Level


Potential Content:


  • Consumer

  • Supply and Demand

  • Revenue and Costs

  • Labor

    • Unions

    • Poverty

    • Immigration

    • Income Distribution

    • Safety Regulations

  • Advertising

    • Creating Markets

    • Manipulating Markets

    • Effect on Consumers

  • Personal Finances

    • Credit Cards

    • Budgeting

    • Bank Accounts

    • Interest Rates

    • Good Debt v Bad Debt

    • Credit Scores/Privacy


Essential Questions:

  • When do consumers have autonomy or sovereignty and do they use it appropriately?

  • Explain the best predictors of a person’s future financial goals?

  • How much easy credit is too much? When does easy credit hurt an individual’s personal finances?

  • Do current conditions encourage entrepreneurship? Explain


Sample Tasks and Assignments: 
ASK:

  • What is the difference between a want and a need?

  • When does an economic desire become a demand?

ACQUIRE:



  • Examine your family’s budget or your own personal budget.

ANALYZE:



  • How has modern technology changed the understanding of wants and needs?

  • Examine several different types of credit offers like credit card, student loans, emergency loans, home mortgages and lines of credit.  Discuss the benefits and drawbacks to each type of credit.

APPLY:

  • Change your family’s or personal budget assuming a 10% pay cut and defend your expenditure choices.

  • Create a personal budget for you 5 years after high school and defend your choices.





Share with your friends:
  1   2   3   4   5   6   7   8   9   10




The database is protected by copyright ©essaydocs.org 2020
send message

    Main page