Unit 3: Lesson 18 - Credit Management

This lesson is designed to help students make good consumer-credit decisions. Although using credit is beneficial at times, it often carries higher costs than many people realize. This lesson discusses the costs of credit in a manner that helps students calculate those costs and integrate them in short- and long-term decisions.

Concepts:

• Choice
• Debt
• Economic Wants
• Income
• Interest
• Secured Debt
• Unsecured Debt

• Standard #2: Decision Making
• Standard #4: Incentives
• Standard #8: Role of Prices
• Standard #11: Money and Inflation