3 class periods of 45 minutes each
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.
Students will complete the following activities:
What are you trying to decide? (pdf)
- 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.
What decision-making strategies have you used? (pdf)
- 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.
How do economic conditions affect decision making? (pdf)
Research current economic conditions and determine possible effects on personal and financial decisions.
- Discuss what actions might be taken based on various economic conditions
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.
This lesson was created by Practical Money Skills: www.practicalmoneyskills.com/.