Economic trends and events in the world have real impacts on your daily life. Th

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Dec 19, 2022

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Economic trends and events in the world have real impacts on your daily life. This could take the form of a new technology that increases the demand for workers in a certain field, the amount of economic growth for a country that affects the ability (or willingness) of employers to increase wages, or even trade decisions between two countries that cause prices of some everyday goods to fluctuate.
Economic impacts require you to make decisions on how to allocate resources and effectively budget. They also require you to use critical thinking strategies to help you navigate the world of finance and economics. Throughout the previous weeks of this course, you have learned foundational economic concepts, personal finance considerations, and problem-solving strategies.
In this assignment, you’ll apply all these to help your friends Charles and Ebony understand the economic trends affecting their financial situation and offer them advice on how to make well-informed decisions so they can effectively plan for their financial future.
Your goal for this assignment is to build your problem solving skill by articulating how economics has real impacts on families and their budgets. You’ll apply decision-making and critical thinking strategies to explain how economics impacts your friends’ budget decisions.

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