HOW PEOPLE MAKE DECISIONS
Whether you are spending, saving or investing, the decisions you make with your money impact the economy. Here, you will learn about concepts such as scarcity, the different types of capital, how education affects your future earnings, and the path to good credit. You will also gain knowledge about the trade-offs that we face when we make our decisions and how incentives help lead us to those decisions.
Topics covered in this zone: how people participate in the economy, scarcity, opportunity cost, decision-making, human capital, physical capital, jobs, credit, savings and the correlation between education level, average pay and unemployment.