Personal Decision Making

This book highlights and examines basic economic concepts as they relate to consumer, business, social, and personal choices. Students are shown connections between their classroom learning and their real-world experiences in budgeting, career planning, credit management, and housing. The set of 15 lessons include: (1) "Decision Making: Scarcity, Opportunity Cost, and You"; (2) "Applying a Decision-Making Model: You and Your Future"; (3) "Planning and Goal-Setting: Can You Get There from Here?"; (4) "A Student's Potential in the Labor Market: It's a Matter of Supply and Demand"; (5) "Price as a Rationing Method: How Does a Market Work?"; (6) "Financial Planning: Budgeting Your Financial Resources"; (7) "Business Decision Making: Are They Out to Get You?"; (8) "The Role of Government: Who Needs It?"; (9) "Collective Bargaining: A Negotiation Simulation"; (10) "Consumer Credit: Buy Now, Pay Later, and More"; (11) "Housing: Deciding to Rent or Buy"; (12) "Advertising: Is Consumer Sovereignty Dead?"; (13) "The Basic Questions of Health Care: What? Why? How?"; (14) "Savings and Personal Investment: If You're So Smart, Why Aren't You Rich?"; and (15) "International Economics: Why Should You Care?" Each lesson includes core concepts, objectives, materials needed, lesson description, procedure and closure. Student handouts are contained in the booklet. (EH)