Understanding Opportunity Costs ‘The cost of the next best alternative forgone’ That’s the definition of opportunity cost that I teach my students. But the important addition is to include ‘… when making a decision’. Decisions are everywhere, therefore economics is everywhere. Opportunity cost is the cost of the next best alternative forgone when making a […]
What Is The Opportunity Cost Of Not Learning Economics? Read More »
A Student Perspective From Grade 12 Student Arth Tak Imagine what the school curriculum would be like if we let students decide exactly what it is that they were taught. What would you suggest be taught? In my classes, I often get student feedback on the things that they enjoyed and the topics that
What Do Teenagers Want To Learn About Money? Read More »
Introduction This post outlines 5 important lessons that you should teach your kids about money. It really is up to you! Who Is This Post For? When I started this blog, I was unsure whether I was writing it for the average person who was struggling with their finances or if it should be written
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A Common Complaint Let’s be honest. We are always complaining or hearing complaints about what should and shouldn’t be taught in school. I’m a teacher, and I even complain. So, I decided to start up a personal finance after-school activity. I called it ‘The Money Club’. I decided that this needed to be taught. My
Ten Things They Didn’t Teach You In School: And What You Can Do Now Read More »
Parents, It May Just Be Up To You! I read an article recently that referred to a UK report showing that 48% of school students want to be taught about money and personal finance in school. I was actually surprised that it was so low. The report also stated that the majority of students (65%
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