Tools for Teaching the Arkansas High School Economics with Personal Finance Course
The Arkansas Toolkit equips teachers with ready-to-use lesson guides and resources that are aligned with state standards.
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Reading Q&A
16-30 min
The Psychology of Free: How a Price of Zero Influences Decisionmaking
OVERVIEW
Why do we get so excited when we see the word “free”? This reading assignment explores the psychological factors behind the power of “free,” revealing social norms and our decisionmaking. From the concepts of consumer surplus and zero-price effect, discover why “free” feels so rewarding and how it shapes our behavior in competitive markets. Print the article.
Related Resources
CURRICULUM UNITS
INFOGRAPHICS & COMICS
How Do I Make a Decision?
Learn about PACED decision-making
LESSONS & ACTIVITIES
46-60 MIN
Incentives Are All Around Us
Learn about incentives through a game.
MODULES
16-30 MIN
Opportunity Cost
This module teaches opportunity cost and helps apply it to decision-making.
VIDEO Q&A
0-15 MIN
The PACED Decision Making Model
Learn about the PACED decision-making process.
AUDIO Q&A
Econ Lowdown Podcast Series
21 Economics audio assignments for your classroom
More in This Series
READING Q&A
16-30 MIN
A Dollar's Worth: Inflation Is Real
Learn more about inflation, how it’s measured, and how the inflation rate is calculated.
READING Q&A
16-30 MIN
AI and the Future of Work: Opportunity or Threat?
Learn how AI can impact industries and affect jobs.
READING Q&A
16-30 MIN
Advertising: Dollars and Decisions
Review advertising history and strategies ads use to create demand.
READING Q&A
16-30 MIN
All About the Business Cycle: Where Do Recessions Come From?
Introduce the business cycle and define its components.
READING Q&A
16-30 MIN
Banking Basics
Describe the differences between banks, online banks, and credit unions.
READING Q&A
16-30 MIN
Bankruptcy: When All Else Fails
Discuss earning income, budgeting, late payments, and collections.
READING Q&A
16-30 MIN
Baseball and the $700 Million Bet on the Time Value of Money
Explain the time value of money.
READING Q&A
16-30 MIN
Beyond Inflation Numbers: Shrinkflation and Skimpflation
Define shrinkflation and skimpflation.
READING Q&A
16-30 MIN
Beyond the Hype - An Intro to Crypto Assets
Introduce crypto assets, blockchain technology, and the emerging crypto universe.
READING Q&A
16-30 MIN
Bitcoin: Money or Financial Investment
Discover the differences of how people view Bitcoin.
