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Lesson Plan

Econ Ed Link: Dynamic Decision Making

Curated by ACT

Students will be introduced to the PACED Model and learn to use the parts of the model-- Problem, Alternatives, Criteria, and Evaluation- in solving problems and making decisions. They will practice using the model in decisions about meals and career possibilities.

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Concepts
cost, opportunity cost
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Additional Tags
benefit analysis, council for economic education, decision making, e.fl.19, econedlink, econedlink: dynamic decision making, paced model, decision making model
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Classroom Considerations
  • Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional