Day 13

Lesson Objectives

  • Evaluate the role opportunity cost plays in purchasing decisions
  • Describe the effect of inflation on buying power

Assignment CU3.12

  1. Watch Video CU3.12
  2. Record the missing words from pages 136-137 of the textbook as they pop up on the left side of the video screen by filling in this form.  (pages 136-137) .
  3. Discussion Questions:
    1. Why is it important to develop power over purchase?
    2. Explain the five steps for developing power over purchase:
      1. Wait overnight
      2. Consider your buying motives
      3. Don’t buy until you understand
      4. Consider the opportunity cost
      5. Seek wise counsel
    3. When considering your buying motives, you should be sure that you are not confusing happiness with fun. Explain what Dave means by this.
    4. What is opportunity cost?

Assignment CU3.13

  1. Make a copy of this Google Document (Espanol), rename it as Costs-(Your Initials), and move it into your Lesson 3 folder.
  2. Read the directions at the top of the document and complete the task as assigned.

Lesson 3 Folder

  1. After completing the assigned tasks in Lesson 3 above, share your Lesson 3 folder with your teacher.  You should have the following files in your Lesson 3 folder:
    • Commercials
    • Financing
    • Cost of Cool
    • Marketing
    • Marketing Advertisement
    • Daily Decisions
    • Costs

Lesson 3 Quiz-CU

  1. Complete the Lesson 3 Quiz for the Consumer Unit.