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Theme 1 Lesson 2:
The Economic Way of Thinking

This lesson introduces a process of reasoning that is often referred to as the economic way of thinking. The process is summarized in The Handy Dandy Guide, a six-point primer on economic reasoning. Using the Handy Dandy Guide, the students analyze two situations.

Visuals & Activities

Concepts

  • Cost
  • Opportunity Cost
  • Voluntary Exchange

Standards in Economics and Personal Finance

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