Check out the article below from the Tampa Bay Times on how the Tampa International Airport (TIA) is investing $2.7 million dollars in new charging stations for mobile devices in the airport.
Why do you think they are spending money on renovations? Why would they spend money on new mobile device charging stations?
How does this capital investment impact the airport? Would you rather go to an airport where there are many charging stations or would you rather have to wait? Do you think this is a good capital investment? Why or why not?
SS.912.E.2.5 Analyze how capital investments may impact productivity and economic growth.
Check out some advice from the Deal Divas on how to haggle. In the article, they used a 3-step guide to price negotiation. What was the secret advice the Deal Divas received from their friend Zach, whose dad owned a consignment shop for years? How did they use the advice? Were they successful?
SS.912.FL.2.1 Compare consumer decisions as they are influenced by the price of a good or service, the price of alternatives, and the consumer’s income as well as his or her preferences.
Before watching the video, discuss your students' ideas about riding on a roller coaster. Is it safe? How risky is it?
After watching the video, ask you students how they feel about the riskiness of theme park rides. Do they feel the same or different? Let students know that judgment about risky events is subject to errors because after viewing the video, they may overestimate the probability of these events. This is a recency error that occurs when the most recent information is fresh in our heads.
Now consider, would you be willing to pay more money to ride on roller coasters where more inspections take place? What are some of the government regulations in relation to theme park rides? How do you think they add to the price of admission?
For more discussion questions check out the link on NIE Videos.
SS.912.FL.6.2 Analyze how judgment regarding risky events is subject to errors because people tend to overestimate the probability of infrequent events, often because they’ve heard of or seen a recent example.
Created by Deborah Kozdras and Brittany Sampson