History, Civics & Social Studies · Grade 8
Goals, Resources and Opportunity Costs
Every financial decision starts with limited resources and competing goals. Through fictional teenagers' choices, learners distinguish needs from wants, write SMART goals and calculate the saving needed to reach them, measure opportunity costs in money and time, think at the margin, and learn to ignore sunk costs. The elective uses fictional people and numbers and never gives personal financial advice.
- 4 lessons
- About 110 min
- Quiz: 9 questions