Goals
Students will learn about types of risk in daily life and understand ways to manage risk with decision making. They will be able to:
👉 Provide examples of risks that people and households face
👉 Identify why people take risks
👉 Explain ways that people try to reduce or avoid negative consequences of risks
Key Questions
👉 What's risk?
👉 How to calculate losses and costs associated to risks?
👉 How to reduce or avoid risks?
Key Terms
👉 Risk assessment
👉 Physical risk
👉 Financial risk
👉 Risk assessor
Questions about the video "Reducing Risk"
Students will watch the video “Reducing Risk” and discuss the following concepts covered:
Questions about the video "Types of Risk"
Students will watch the video “Types of Risk” and discuss the following concepts covered:
Activity 1: Connect the Risk and Outcome
Students will complete a matching worksheet to connect risks with potential outcomes. They will be able to identify risks that are difficult to avoid and connect them to personal items that might be lost or damaged as a result.
Activity 2: Assessor for a Day
Students will participate in a game designed to teach about risk assessment and estimation. They will be able to identify physical and financial risks and estimate the financial costs of each.
Class Schedule
🕟 10 min: Video Introduction
🕟 15 min: Activity 1: Connect the risk and outcome
🕟 25 min: Activity 2: Risk assessor for a day
Supporting Material