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Theme 1 Lesson 2:
The Economic Way of Thinking
This lesson introduces a process of reasoning that is often referred to as the economic way of thinking. The process is summarized in The Handy Dandy Guide, a six-point primer on economic reasoning. Using the Handy Dandy Guide, the students analyze two situations.
Concepts
- Cost
- Opportunity Cost
- Voluntary Exchange
Standards in Economics and Personal Finance
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Related Lessons
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