Help us to keep our home

Food, Fuel, and Finance … The 3Fs of Economics

Primary needs are those related to maintaining a decent life. These needs are fundamental and must be met by humans. Primary needs consist of clothing (clothing), food (food), and shelter (shelter). Without food, humans will die. Similarly, without clothing and boards. Humans will be tormented by their lives and vulnerable to disease.

Secondary needs are needs that are related to the effort to create or increase happiness in life. Secondary needs in the form of life support. This need can be postponed after primary needs are met. Examples of secondary needs are education, health access, and entertainment.

Nearly half of U.S. high school students say they do not know how to establish good credit and more than one-fourth believe they will be unprepared to manage their finances upon graduation.

This is according to recent research that reveals a lack of financial literacy among American youth. But teachers and schools can now turn to a dynamic interactive learning module, Foundations of Finance, to introduce students to fundamentals of personal finance, such as saving, applying for student loans, and buying a car, among other features.

Image source The Great Courses
Image source The Great Courses


The module — one of three aligned with the Council for Economic Education’s standards for economics — is offered by CME Group, the world’s leading and most diverse derivatives marketplace, and Discovery

, the leading provider of digital content and professional development for K-12 classrooms. Foundations of Finance also presents students with the fundamentals of economics using real-world scenarios, interactive components, embedded assessments, and accompanying Educator Guides.

The Foundations of Finance module
This is part of an Econ Essentials trio of standards-aligned educational modules that includes: The Facts About Food, which lets students take a journey from "farm to table" by serving as an advisor to a farm, and Fueling the Future, which challenges students to start a shuttle business.

In The Facts About Food module, students learn how the supply chain and other global factors influence supply and demand. They also explore the role of economics in food prices as well as what influences food prices.

With the Fueling the Future module, students learn about supply and demand by discovering how and why gas prices fluctuate and the impact of changing gas prices on their daily lives. Students apply their knowledge to set a ticket price for their business to determine if they make a profit.

Teachers find that the Econ Essentials educational program helps their students learn fundamental economic principles in an engaging, digital environment."Students become equipped to make wise decisions in both their public and private lives, and also grow such important skills as critical thinking, problem-solving, media and information literacy," says Jackie Prester, business and technology teacher at Mansfield (Mass.) Public Schools.

No comments:

Thank you for your visit.. Be sure to express your opinion. Your comment is very important to me :)

Bandara Supadio Pontianak From Bali With Love Selfie Dengan Selebritis
| Copyright © 2013 Asep Haryono Personal Blog From Indonesia