Analyze the role of cultural, social, and emotional influences on financial behavior.
Students will understand how values, culture, and economic forces affect personal financial priorities and goals.
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Identify and define the types of financial risks, including inflation, deflation, and recession.
Evaluate the role of emotions, attitudes, and behavior in making financial decisions.
Recognize that individuals are responsible for their own financial decisions and for subsequent positive and negative consequences.
Relate instant satisfaction and delayed gratification to impulse buying and planned expenditures.
Discuss historic and current examples of each economic system and the effects on economic growth.