Time Inconsistency: Today's Actions, Tomorrow's Regrets (Page One Economics Classroom Edition)

Page One Economics IconHave you ever bought something you really couldn't afford? You simply swipe your credit card and leave the store with something shiny and new. That instant gratification overpowers any thought of the regret you'll have when you must start paying off your accumulated debt. Economists call this phenomenon time inconsistency. Read the September 2011 issue for some ideas on how to prevent time inconsistency for yourself and your government.

Classroom Edition (.pdf)

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Keep your students in the know on timely economic issues with the Page One Economics Classroom Edition. The Page One Economics newsletter provides a simple, short overview of a current economic event that offers students an opportunity to use close reading strategies. The Teacher’s Guide includes student questions and a teacher answer key, plus additional resources and lesson ideas for classroom, extra credit, or make-up assignments. You can subscribe via RSS feed or email.

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Audience:   High School, Consumers, College
Language:   English
Subjects:   Personal Finance, Economics
Resource Types:   Data, Publications, Newsletter, Lessons
Concepts:   Fiscal Policy, Lenders/Borrowers, Great Recession, Deficit
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