This activity supports Module 32: Microeconomics- Explore economic factors that impact personal or community financial decisions. The attached presentation and handout outlines videos and questions to guide the student's learning about marginal cost, marginal benefit, scarcity, and opportunity cost. This content is meant to teach the student to explore these concepts about decision making, especially financial decisions. Considering what we "give up" to get something is very important when spending money. Giving up something is not just the amount of money you gave up; it includes time or the "next best thing" you could have done with that time and money.

This activity involves four scenarios where the students will uncover the opportunity costs for each scenario (every decision involves a trade-off). The opportunity cost is the profit lost (or total cost- financial and non-financial costs) when one alternative is chosen over another. A trade-off is understanding that you are going to lose something, in relation to time, money, or energy, when the decision to choose something else is made.  When you buy or do one thing with your money, you must give up the chance to buy or do something else. This is a trade-off: what you give up to get what you want. When you spend part of your income on certain things, you give up spending it on other things.

A shortage or surplus of the goods we buy can have a significant impact on the prices we pay. Since the goods we buy are often made up of other goods, it’s common for a shortage or surplus anywhere in the supply chain to have a significant impact on the market. In this activity you will demonstrate shortages and surpluses, analyze what happens when they occur, and discuss how they can impact our daily lives.

A product’s unit price can be helpful in comparison shopping, making sure you’re not paying more money for less of a product. But did you know that you should also be comparing the products you buy to...themselves?! Making products smaller while keeping the price the same is a sneaky way of raising prices. In this activity you’ll discuss how shrinkflation affects consumers and create your own plan to downsize a product in hopes that consumers won’t notice the difference.

Economic cycles have risen and fallen over the past 100 years, in a somewhat predictable fashion behaving like a wave with periods of: peak, trough, recession, recovery. An economic expansion is a term sometimes used for the increasing growth period of the business cycle. The peak is when it is at its highest point. An economic contraction is a term sometimes used for the downturn (negative growth) of the business cycle. The trough is when it is at its lowest point. All of these points in an economic cycle have important impacts on financial decision making.Many individuals make emotional decisions based on where an economic cycle may be, instead of looking a rational evidence of where the economic cycle might be going. Attached with these handouts is a document titled "Reasons Why Investors Avoided The Stock Market" which shows many major negative events, followed by tremendous growth in the economy. If individuals understand these normal economic cycles, they can really benefit financially through investments and sound financial decision making. 

Often, we are not informed in school on how to navigate the world in regards to things like finances, accessing health care, dating, relationships, balancing work and play, partying and staying safe, managing day-to-day stress, and entering into the workforce. This course will provide an opportunity for students to discuss these topics with each other and the facilitator. Together, we will learn how to navigate the tricky and often overwhelming world of adulthood.

This course examines:
• Life Skill development for adulthood
• Basic understanding of personal finance
• Basic understanding of healthy relationship development
• Entering the workforce
• Enjoying recreational time safely
• Stress management

Session 1 – What Does Adulting Mean?
Session 2 – Money
Session 3 – Healthy Relationships
Session 4 – Taking Care of Yourself

*Sessions are offered live at set times. Visit the link to see the schedule.

This course is provided by H.O.P.E (Helping Others thru Peer Education)

Folders upon folders of excellent financial literacy teaching materials!

"It is recommended to start planning instruction with the Teacher’s Guides in each module. If you are seeking a specific resource, scroll below to search."

Students will answer the following multiple-choice questions regarding how microeconomic principles can really impact how individuals make financial decisions. A presentation is attached with some definitions and information that may assisst with completing this assignment. Answer key can be found in the Teacher Only Discussion section of the Resource Bank. https://resourcebank.ca/groups/financial-literacy-teachers/254/discussions/

This collection features resources to support teaching Module 6C: Applying Personal Spending Plans from the Saskatchewan Financial Literacy curriculum.This is a full project that can be used in Module 6C for Financial Literacy 30. This usually takes the students about 5 hours to complete and it is very comprehensive to cover all future spending. The assignment requires the students to "screenshot" proof of items they found for their budget (and support each item with evidence). Students really enjoy this project (and adults have used it too for budgeing in real life!). Students may chose to have $0 spending on some items (pets, legal, etc), but they should explain their reasoning for entering a zero. As well, students should enter savings  into their budget (at least 10% of earnings).

Answer the following questions in complete sentences regarding how microeconomic principles can really impact how individuals make financial decisions.

Module 33 MacroeconomicsAssignment Instructions: Answer the following questions regarding how macroeconomic principles can really impact how individuals make financial decisions.

Students use their emerging writing skills to write shopping lists. They work within a budget, use problem-solving skills to create lists, and buy their favorite treats at the class store.

This lesson explains leverage and insolvency and why it is good or bad. [Banking, Money, Finance playlist: Lesson 10 of 24]

Budgeting is an important task for money managment. Using a spreadsheet can make this task much easier with tools that autocalculate totals. As well, the spreadsheet can be copied easily for each month or year. Categories can be easily tailored to the users' needs by adding items that are specifc to their financial situation.Budgets are used by non-profit groups, organizations, businesses, sports associations and volunteer groups for their cash flow management. Using a spreadsheet will make budgeting and decision making much easier and transparent for all users. Here is a variety of blank templates and examples that can be used for various budgeting purposes. 

This booklet contains 7 chapters on topics related to how to earn, save, budget, spend, borrow, protect and give money. Whether you get a weekly allowance or get paid for walking your  neighbor’s dog, your first step in handling your money well is to think about short-term and long-term goals. Then make a plan to reach them. It takes a bit of practice to master your money, just like it takes time to learn to  ride a bike. But once you get the hang of it, you’ll be ready to tackle all sorts of money twists and turns.

Imagine if vocabulary could come alive with the click of a button! Students create video posters to demonstrate knowledge of new economics vocabulary.

At BudgetBytes, discover mouthwatering recipes that won't break the bank. The site dishes up hundreds of recipes broken down by category, with photos of every recipe.

You'll find great ideas for breakfast, lunch, and dinner, as well as heaps of yummy soups, salads, snacks, and desserts. BudgetBytes covers a lot of bases, including meat, vegetarian, vegan, and global recipes. There's even a list of 30 recipes specially designed for students. Bon appétit!

"The Budget Planner helps you create a customized budget in 3 simple steps. Gather information regarding your income and expenses and get started! If you don’t have all your information, you can always save and continue later.

This tool allows Canadians to create a personalized budget that they can save and update online. It draws on behavioural research into how people make financial decisions, and uses tips, guidelines and suggestions to make budgeting easier. "

Watch this video to get started: https://www.youtube.com/watch?v=eidft2ovmQc&feature=youtu.be (copy and paste this url into your browser).

This task allows the students to create a family’s cash flow budget based on their current situation, analyze strengths, weaknesses, opportunities, and threats to their household budget, and give the family some financial advice.The assignment also asked the students various planning questions regarding family budgets, events that affect the budget and variables to consider when a household plans their budgets.

This activity contains three case studies which allow students to evaluate situations that are considered when budgeting. The students will create budgets for the individuals in the cases as part of this assignment.