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The economic way of thinking…

The economic way of thinking…. Financial literacy – unit 1. Theme 1… Lesson 1…. All your life you will be spending, saving, borrowing, & hopefully investing… Choices = Consequences… Financial literacy will help you make “educated decisions”… Incentives matter…

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The economic way of thinking…

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  1. The economic way of thinking… Financial literacy – unit 1

  2. Theme 1… Lesson 1… • All your life you will be spending, saving, borrowing, & hopefully investing… • Choices = Consequences… • Financial literacy will help you make “educated decisions”… • Incentives matter… • Achieving personal wealth involves planning & making sound financial decisions… • See ‘Rules for Improving Your Financial Life’ (p 6) • See ‘The Handy Dandy Guide’ (p10)

  3. THEME 1… LESSON 2… • Opportunity Cost: the best alternative a person gives up to get something… The next best option to the one actually chosen… • Read “A Mystery of Two Families” (p 4) • Part 1 – the mystery • Part 2 – solving the mystery • Use the “Handy Dandy Guide” to help solve the mystery… • Class/homework – • Exercise 2.1 (p 7) – questions a-f (on a separate piece of paper)…

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