Unit 2: Economics in Louisiana

Activity 7: Pay Me Now or Pay Me Later (GLEs: 43, 44, 47)

CC:  In small groups, ask the students to analyze the chart below and draw three basic conclusions (e.g., the correlation of education and earnings, the widening step increases between 10 years/20years and possible reasons for increase [e.g., promotions], as well as, investments and outcomes), and potential earnings. Record the students' observations. Have the students describe (analyze) their findings in economic terms (i.e., opportunity cost, choice/trade-offs, cost/benefits).

Use MS Word to create the chart for student to view and describe their findings in economic terms.

Word document - "Pay Me Now or Pay Me Later"