Economics and Business

Teach your students about earning an income, how to manage money and set financial goals. In addition, develop knowledge of basic business planning and what makes a business successful.

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What is the basic economic problem? The fundamental economic problem is the issue of scarcity and how best to produce…

Directions: read each scenario and decide what you would choose. Identify the trade-off(s) and opportunity cost(s) of…

Linked activity: Who provides the goods and services I need and want

If you’re in the market for a new phone, you can buy it outright or on a plan. Buy outright – You pay the full cost…

Luna’s phone is broken, so she’s in the market for a new one. She currently owns her own phone and has 2 options to…

Linked activity: Strategic thinking skills of entrepreneurs – SWOT analysis

Government service Decision number Cost or benefit to welfare Running total (starting score…

Follow these instructions to play the game. Each group is the government of a nation and must decide on how to spend…

Linked activities: How to choose what to buy

Part 1: Making a purchasing decision Scenario You need a new mobile phone plan that includes a phone. Search the…

Eileen’s spending is out of control! Can you help her? Eileen’s situation Eileen works at the local supermarket on…

Use the relevant workbooks in the Interactive budget templates to complete either option 1 or 2 below (you can do both…