Academic Context and Connections
Finer grained standards that are part of this one
Regulate one’s emotions, thoughts, and behaviors in different situations when making a purchase. (Personal Skills: Personal Responsibility)
Economic thinkers identify positive and negative incentives that influence the decisions people make.
Economic thinkers analyze data to forecast possible outcomes.
Ask questions to develop further personal understanding of how to make informed purchases. (Professional Skills: Self-Advocacy)
How do you know when a bad decision has been made about a purchase?
Make connections between information gathered and personal experiences to apply and/or test solutions when making a purchase. (Entrepreneurial Skills: Critical Thinking/Problem Solving)
What different ways does an individual have to get information when deciding between purchase options?
Economic thinkers compare the benefits and costs of individual choices.
Use precise language and domain-specific vocabulary to inform about or explain the topic.
Economic thinkers analyze opportunity costs associated with making decisions.