Show i : The Herald Journal ‘6 :EXtRA! EXTRA! matter where you the economy Is bound to make N oheadlines That’s because the economy affects nearly and services and prints live everything we do and nearly everything we do affects the economy ' 'f information Keeping up with the economy — and all the issues sur rounding it— is one reason many people read the newspaper Each day the newspaper publishes news and information national debt inflaabout such topics asunempioyment-thand tion Consumerism the stock market Plus the newspaper provides advertising space for businesses that provide goods - aimed at helping readers make wise consumer choices: Economic news often appears in its own section But it also frequentiy overlaps into other areas of the newspaper 'S especially the front page - hWise choices As a consumer you are continuously faced with choices — what to buy when to buy ft where to buy it arid how to pay for it to name a few Making wise choices takes knowledge and understanding of the marketplace but ft also takes practice 7 : 7 You ( practice making wise choices by going Vhoppinfif through the newspaper' Making it your business v Become familiar with the business section of your newspaper list below '"some of the topics covered over a period of dayspid any of the topics affect or interest you? Were they mostly local state or nationalstories? V’ Compare prices on these or similar items found in the 'newspaper Then underneath each item list the range of prices found JMMr- ' '7 rQDpbyeis SchoolofUce supplies Sporting goods Movie tickets Video equipment V Fmd an economic story that appears on the front page' Explain below why news and who is most you think it was important enough to make front-pag- e' affectedby the news'"7 Soft drinks Tennis Pizza' shoes need a gift for your beet friend First pretend you' can spend up to $100 Then pretend you ran spend $30 or less List the items and their costs below Discuss how the informatiqn available - You helped you make your choices:'?'-1- ' ' Cost item : ' Cost - '? - We’re all In this together ' talk about the concept of interdependence — that all bur economic decisions affect other people Thenjn small groups find item advertised in the newspaper Think about what a papular or often-use- d would happen if everyone stopped buying that Kern: Who would be affect-- 7 ed? Which jobs would be at risk? What would it do to the economy as a whole? Now explain your thoughtsWith your classmates Imagine that you've just inherited $1 million! Look for:!-item- s advertised h the newspaper (dont forget the class?--" ffods) that you would buy with your newfound wealth Keiep-tracof your purchases by writing down the items and how much they cost When your $lmillibri is spent write a 7 report on what it was like to be a millionaire for a day Pretend you get $15 a week for allowance! Find an ftem advertised in the newspaper that you Would be wiljing to ? save your money for How much of your allowance would you be Willing to save each week? How long will ft take you to save enough money? Make a list of the things you would dowithout to save the needed amount : ' |