Personal Finance and Resource Management · Personal Finance

Credit and Debt Management

Evaluating the costs and benefits of using credit and the implications of high interest debt.

Key Questions

  1. 1What are the hidden costs associated with using credit cards for everyday consumption?
  2. 2How do interest rates set by central banks eventually impact a household's mortgage payments?
  3. 3Why might a rational consumer choose to take on debt to finance higher education?

MOE Syllabus Outcomes

MOE: Financial Literacy and Debt Management - S3
Level: Secondary 3
Subject: Economics
Unit: Personal Finance and Resource Management
Period: Personal Finance

Suggested Methodologies

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