Read Exploring Business – Chapter 1.2. Play Kahoot. Learning Targets: I understand the main participants in a business are its owners, employees, and customers. I understand that businesses are influenced by such external factors as the economy, government, consumer trends, and public pressure to act as good corporate citizens. I can list the five functional areas […]
Question of the Day: What is the average tip for full-service, quick-service, and delivery meals? Read this article on what you value and fill in the table on the whiteboard with the effects on money habits you can relate to for each life value. Take the Life Value Quiz to determine what your prominent life […]
Read Exploring Business – Chapter 1.3. Watch video on Economic Systems of the World. Complete the What Is Economics? assignment in Teams. Learning Targets: I can define economics. I understand the three questions Economists address: (1) What goods and services should be produced to meet consumer needs? (2) How should they be produced, and who […]
Watch this video on FOMO: Our Relationship with Social Media. What is behavioral economics? The study of how irrational factors affect individual’s economic decisions Discuss the questions below. Describe a time FOMO has influenced a financial decision of yours. Were you happy with the decision? Sam regularly uses social media and posts to his accounts […]
Review yesterday’s lesson by answering the questions below. Behavioral economics… a. Is a field of economics that studies people who make rational and objective decisions b. Analyzes how different economies around the world behave over time c. Tracks and examines stock market trends over a certain period of time d. Combines economics and psychology to […]
Read Exploring Business – Chapter 1.4. Watch video on Perfect Competition. Play Kahoot. Learning Targets: I understand that in a free market system, buyers and sellers interact in a market to set prices. I can define perfect competition. I can discuss supply and demand as it relates to perfect competition. I understand that the equilibrium […]
Read Exploring Business – Chapter 1.5. Watch video on Oligopolies and Monopolistic Competition. Watch video on Monopolistic Competition and Profit. Complete the Monopolistic Competition, Oligopoly, and Monopoly assignment in Teams. Learning Targets: I can contrast the four types of competition in a free market system: perfect competition, monopolistic competition, oligopoly, and monopoly. I can distinguish […]
Question of the Day: How long does the average user spend on TikTok a day? Complete the worksheet using the resources below. INFOGRAPHIC: Signs of Cognitive Bias ARTICLE: Cognitive Bias: What It Is and How to Overcome It Learning Targets: I can define common cognitive biases humans have and explain how they might influence someone’s […]
Question of the Day: Where do most 18-24 year olds say they learn about personal finance? Complete the ECON: Risk and Loss Aversion activity and worksheet. ANALYZE: FOMO & Herd Mentality in Advertisements Find an advertisement that focuses on one of the two cognitive biases (FOMO or herd mentality) and one of three personal finance topics […]
Play Kahoot! to review Chapter 1. Read Exploring Business – Chapter 1.6. Watch video on What GDP Says About the Economy. Watch video on Consumer Price Index (CPI). Learning Targets: I can list the goals of all economies: growth, high employment, and price stability. I can define gross domestic product (GDP). I can discuss price stability, inflation, […]
