WHY IS THIS SKILL IMPORTANT?

  • Economic d再说 making helps students focus on making a choice BEFORE it is made
  • It helps students be more thoughtful about all the possibilities and consequences before they make a choice
  • Making a choice because the benefits outweigh the costs—has life-long benefits
  • Considering past d再说s using the same thought processes helps to understand why the choice was made, and to critically evaluate whether it was a good one. 它可以
    • viewed from their perspective at the time
    • viewed in hindsight, from your perspective, what would you have done then—or now

USING ECONOMIC DECISION-MAKING MODELS TO BECOME INFORMED DECISION-MAKERS

The 2015 History/Social Science SOL added skills to be emphasized K-12. 技巧1.h includes using d再说-making models to make informed d再说s; consider the incentives (positive and negative) for making a specific choice as well as the consequences of making that choice.

THREE BASIC DECISION MODELS

  1.  Cost-Benefit D再说 Model: To decide whether or not to do something—when the choice is “yes” or “no”
  2.  Cost-Benefit D再说 Tree:To help decide between two choices. In essence, it combines two Cost-Benefit models
  3.  PACED D再说 Model: Used when there are various options/alternatives but also certain things/criteria that are important to you.  P的问题; Alternatives; Criteria; Evaluate; and D再说

Which of the three d再说 models you use depends on whether the question/issue is basically “yes or no;” there are two alternatives or multiple alternatives. 点击这里 for an example of each.

The consequences of choices lie in the future. Using good economic reasoning (like a d再说-making model) can help avoid unintended yet predictable consequences. The more students practice the d再说-making skill, the greater likelihood it becomes intuitive and they will make more informed d再说s or be able to better analyze d再说s made by others.