In this clip, we learn about opportunity cost and decision-making. Before Viewing: Ask students: What do you think happens when the power gets cut at Scrooge McDuck's venue? After Viewing: Well, Scrooge McDuck is true to his name. When the power gets cut, he interprets it as a great savings. Then he tries to save even more money by firing the planned act. What happened to his customers? Evaluate Scrooge McDuck's Choices Use the following decision model to assess Scrooge McDuck's choices. Planning and Goal Setting: This section discusses the information needed to plan for and achieve goals. After the power got cut, what plan did Scrooge McDuck make? Making the Decision: This section identifies the costs and benefits associated with the decision and addresses how to compare costs and benefits before making the decision. What were the costs and benefits of his decisions to save money? Assessing Outcomes: This section addresses how results are measured and when the decision might need to be reconsidered. What were the consequences of his decisions? What is some advice you would give to Scrooge McDuck? Use PACED to Evaluate Other Choices Scrooge McDuck Could Make in the Future Sometimes we make quick choices when we are confronted by a problem. We can use our mistakes to plan for the future. Use the PACED decision making grid to conduct a decision analysis by considering some other choices Scrooge McDuck could have made.
Why is Scrooge McDuck so Thrifty? Watch the video below to understand why Scrooge McDuck is so thrifty with his money. Teach Scrooge McDuck How to Save Money by Saving Energy Scrooge McDuck does everything he can to save money. You can teach him some new ways to save money! Did you know you can save money by saving energy? Use some of the following resources to teach Scrooge McDuck about new energy saving choices.
Use the News! Did you know that Macklemore still shops at thrift shops? Check out our blog post that uses a Tampa Bay times article where Macklemore provides saving advice Learn about the power of compound interest from these two activities we created, based on the Tampa Bay Times Newspaper in Education:
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