Economic Decisions. Economic Decisions IT MATTERS BECAUSE You will make economic decisions every day, and you will do so all your life.

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 Citizens must make them every day.  Choices occur because resources are limited  Needs are required, such as food and shelter  Wants make life more.
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Presentation transcript:

Economic Decisions

IT MATTERS BECAUSE You will make economic decisions every day, and you will do so all your life.

http://www. criticalcommons http://www.criticalcommons.org/Members/jtierney86/clips/the-big- bang-theory-trade-offs-opportunity-costs/view

Two things I would like to do when I have my next free time. Choice # 1 Choice # 2 Which is the opportunity cost?

Pair Share Write a sentence identifying a choice being made and the opportunity cost.

Thinking Like an Economist

Thinking Like an Economist Cost Benefits