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Clear & Simple Home > Educators > Teens (Grades 7-12)
Teens (Grades 7-12)**
Lesson Overview
Each day, we all make many decisions. Most decisions are
simple, such as "What should I wear?" or "What should I eat?"
Other decisions are more complex, such as "Should I buy a new or used car?"
As decision-making skills are used and improved, a person's
quality of life is enhanced. Wiser choices result in better use of time, money,
and other resources.
This introductory lesson provides students with an
opportunity to learn more about decision making. The lesson starts with an
overview of the decision-making process followed by a discussion of various internal
and external factors that affect decisions.
People are usually not aware of economic influences that can
affect decision making. These economic factors include inflation, interest
rates, and the unemployment rate. Also, common risks associated with decision
making are often not considered. Students should also be aware of opportunity
cost -- what a person gives up when a decision is made.
Finally, the lesson concludes with strategies for analyzing
the results of decision making. Students are encouraged to consider their past
experiences in order to improve the quality of future decisions.
Lesson Goals
Provide an understanding and an awareness of the factors
that can influence decisions, introduce basic decision-making methodologies,
and provide structured practice in analyzing a problem, identifying options,
and making a decision.
Lesson Objectives
- Identify decisions
- Identify the steps in the decision-making process
- Identify and explain factors that can affect the
decision-making process, and give examples of decisions that have been
influenced by one or more of these factors
- Identify and explain frequently used decision-making
strategies, and give examples of when these strategies have been used
- Analyze influences of economic conditions on personal and
financial decisions
- Identify risks and opportunity costs associated with
personal and financial decisions
- Practice making decisions using a decision-making diagram
Lesson
Overheads
Print
All Lesson Materials* | Download
(PowerPoint Format)
1-A*
(PDF) -- The Decision-Making Process
1-B*
(PDF) -- Factors That Can Influence a Decision
1-C*
(PDF) -- Common Decision-Making Strategies
1-D*
(PDF) -- Economic Influence on Decision Making
1-E*
(PDF) -- Risks Associated with Decision Making
1-F*
(PDF) --
Opportunity
Costs & the Time
Value of Money
Lesson Activities
Print
All Lesson Materials*
1-1*
(PDF) -- What Are You Trying to Decide?
- Have students identify three decisions they are trying to
make (e.g., going to a party, moving away from home, buying a car, buying a
home, calling in sick to work, etc.)
- Have them use the decision-making process sheet to work
through one of the decisions they have identified
1-2*
(PDF) -- What Decision-Making Strategies Have You Used?
- As a class, have students identify and role-play the various
decision-making strategies they've used
- Discuss how well they think their strategies have worked
- Discuss what factors might have influenced their choice of
strategies
1-3*
(PDF) -- How Do Economic Conditions Affect Decision Making?
- Research current economic conditions and determine possible
effects on personal and financial decisions
- Discuss what actions might be taken based on various
economic conditions
1-4*
(PDF) -- Can You Analyze a Decision?
- Ask students to volunteer to videotape one or more of their
favorite television programs
- Using the videotaped television programs, have students
identify the decision-making strategies being used by the main characters
- Have students document the decision-making process using the
sheet provided
- Discuss how well each strategy worked
1-5*
(PDF) -- Lesson 1 Quiz -- Answer
Key (PDF)
**Content courtesy of Visa's Practical Money Skills for Life  program. |
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