Chap.+1+Economic+Decisions

Economic Decisions (Chap. 1)

 * Needs vs. Wants (complete a G.O.)
 * Unlimited Wants
 * [[file:Needs vs Wants worksheet.pdf]]
 * Goods vs. Services
 * Take 5 minutes: Define, give 5 examples, draw a pic for each (using Educreations, SlideShark, etc.)
 * Economic Resources- Natural, Capital, Human
 * READ: [|Economic Resources Reading]
 * Graphic Organizer: Natural, Capital, Human Resources (define, give examples)
 * Explain why each of them are important to us
 * THE 3 LITTLE PIGS- DEFINING RESOURCES
 * [[file:Three Little Pigs Story.docx]]
 * Scarcity
 * 5 step Decision-Making Process: Discuss the 5 steps by getting into groups of 2 and writing what happens during each step by using an example you
 * 1. DEFINE THE PROBLEM
 * 2. DEFINE AND WEIGHT THE CRITERIA
 * 3. IDENTIFY THE ALTERNATIVES
 * 4. EVALUATE ADV. & DISADV. OF EACH
 * 5. MAKE A DECISION
 * If you had $100 to spend, using the decision making process, how would you decide what to do with it.
 * WEIGHTED DECISION GRID PROJECT
 * [[file:WeightedDecisionGrid.docx]]
 * [[file:WeightedDecisionGrid.docx]]