a: Define choice and opportunity cost.

b: Determine the relationship between long-term goals and opportunity cost.

c: Analyze scenarios of choices including opportunity cost.

1: Make connections between information gathered and personal experiences to apply and/or test solutions when making a purchase (Self-Advocacy and Initiative).

2: Regulate one's emotions, thoughts, and behaviors in different situations when making a purchase (Self-Management).

3: Ask questions to develop further personal understanding of how to make informed purchases (Critical Thinking and Analysis).

1: What different ways does an individual have to get information when deciding between purchase options?

2: How do you know when a good decision has been made about a purchase?

3: What outside influences (peer pressure) can affect spending decisions?

1: Financially capable individuals analyze opportunity costs associated with making decisions.

2: Financially capable individuals analyze data to forecast possible outcomes.

3: Financially capable individuals understand that the relationship between choice and opportunity cost leads to good decision-making. For example: A business may have an opportunity to purchase inexpensive land, but the cost may be in the travel time.

4: Financially capable individuals compare the benefits and costs of individual choices.

5: Financially capable individuals identify positive and negative incentives that influence the decisions people make.

1: Integrate information from two texts on the same topic in order to write or speak about the subject knowledgeably.

2: Use precise language and domain-specific vocabulary to inform about or explain the topic.