Week 2: Education and the Economy

Day 1: Education and Income

Analyze the relationship between education, income, career, and desired lifestyle
Explore how education choices impact an individual's financial plans and goals
Discuss the potential increase in income from various career choices
Examine the concept of opportunity cost in education and career decisions

Notes flashcards career analysis

Day 2: Post-Secondary Education Options

Explore different perspectives about post-secondary education options
Analyze the pros and cons of attending college
Discuss alternative paths to traditional four-year college education
Examine the relationship between education choices and career opportunities

Notes flashcards

Day 3: Hidden Costs of College

Identify the various costs associated with attending college
Analyze the short-term and long-term financial effects of attending college
Discuss the concept of return on investment (ROI) in higher education
Explore strategies to manage and reduce college costs

Notes flashcards activity (simulation)

Day 4: College and Debt

Examine different strategies to minimize the costs of post-secondary education
Analyze various options for financing college education
Discuss the long-term implications of student loan debt
Explore alternatives to taking on significant debt for education

Notes flashcards

Day 5: Types of Income

Define and differentiate between active income, portfolio income, and passive income
Explore various sources of income and their characteristics
Discuss the concept of gross vs. net pay
Analyze the relationship between education, skills, and income potential

Notes flashcards unit 5 study guide midterm study guide unit 5 practice quiz midterm practice 1 midterm practice 2 Unit 5 Quiz 1 unit 1 quiz unit 2 quiz unit 4 quiz midterm quiz 1

Key Concepts

Education and income correlation
Post-secondary education options
Cost-benefit analysis of higher education
Student loan debt management
Types of income: active, portfolio, and passive

Learning Objectives

Understand the impact of education choices on financial plans and career opportunities
Analyze the costs and benefits of various post-secondary education options
Develop strategies to minimize education costs and manage potential debt
Comprehend different types of income and their implications for financial planning
Evaluate the relationship between education, skills, and income potential