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Personal Finance Lesson 2

Grade Level:: 10
Subject:: Personal Finance
Topic:: Economic Basics
Objective:: 1. Identify, understand, and explain economics, capitalism, the three economic questions, scarcity, supply, demand, capital, entrepreneur, surplus, GDP, scarcity, elasticity, mixed economy, capital, trade, and money
2. Understand markets and economic strength
3. Compare and weak economy to a strong economy
4. Identify utilities and other financial obligations
5. Define personal finance, financial planning, budget, income, and financial responsibility
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Reflection:: Students seemed to have an understanding of economics
Prep:: Review course's Section 1, study questions, and assesmment
Materials:: Course material, powerpoint, blackboard
Standards Met:

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Personal Finance Lesson 2