CHECKLIST
FOR
UNDERSTANDING
ECONOMIC APPROACH TO LIFE DECISIONS
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BY THE END OF THE CHAPTER
STUDENTS WILL:
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- Know there are many things in life to think through before doing.
- Understand utility theory and that money is not the only reward
in life.
- List and explain the parts of a business.
- Comprehend the risks of dealing drugs or doing illegal activities.
- Critically think through the consequences of violence.
- Understand the Expected Value formula, and know how to calculate
the monetary value
someone places on his or her life and freedom when he or she deals
drugs or takes part in
illegal activities.
- Know the importance of economics in examining drug use and dealing.
- Create a business plan for life with long and short term goals.
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