Day 23 Economics: Economic Choice
Economic Choice
Good morning!
Now that we have learned so much about opportunity cost, let’s talk about making some decisions if you had your own money to spend in our economy.
Today, you are going to pretend you have a budget of $300. You have a poster below that shows you the things you have available to buy with that money. You have to choose at least one item from each category. But you also have to save some of your money, too. This just means you need to have money left over. The document you need to record your work is linked to the piggy bank picture! Then go to the discussion board and answer the questions about the activity.
Visual
Time to Budget alt tag.docx Download Time to Budget alt tag.docx
Interactive
Slideshow to practice opportunity cost:
Click on the image below to have the chance to practice making choices when you narrow your options down to just two of them. Whatever you don’t choose is your opportunity cost. Each slide will ask you this, so you can answer out loud for practice!
Copy of Economic Choice-1.pptx Download Copy of Economic Choice-1.pptx
Assignment
Directions: Answer these questions on the discussion board about the Time to Budget activity you did today.
- What were some of your thoughts and feelings about having to stay within your $300 budget?
- Was it easier or harder to stay within the budget?
- What did you want to buy that you couldn’t?
- How did you make your choices?
- What do you think you could do to increase your budget?
Click the NEXT button to go to the Discussion Post.
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