2
Theme 1 Lesson 2:
Making Decisions

This lesson builds on Lesson 1, introducing students to points 3 and 4 of The Economic Way of Thinking: People must make choices, and Every choice involves a cost. In activities related to these points, the students practice using the PACED decision-making process.

Visuals & Activities

Concepts

  • Cost
  • Cost/Benefit Analysis
  • Decision
  • Trade
  • Trade-off

Standards in Economics and Personal Finance

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Related Lessons

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