<p>Unit 9: Personal Finance Lesson 1: Personal Finance</p><p>Standard - SS8E3: The student will evaluate the influence of Georgia’s economic growth and development. </p><p>Element a.: Define profit and describe how profit is an incentive for entrepreneurs. </p><p>Element b.: Explain how entrepreneurs take risks to develop new goods and services to start a business. </p><p>Element c.: Evaluate the importance of entrepreneurs in Georgia who developed such enterprises as Coca-Cola, Delta Airlines, Georgia-Pacific, and Home Depot. </p><p>Standard - SS8E5: The student will explain personal money management choices in terms of income, spending, credit, saving, and investing. </p><p>Verbs Nouns</p><p>Lesson 1 – Personal Finance – Key Vocabulary Profit Georgia-Pacific Credit Entrepreneur Home Depot Saving Coca-Cola Income Investing Delta Airlines Spending</p><p>E.Q. – Why is it important to save money? E.Q. – Why is good credit important and what dangers are associated with credit? E.Q. – How might an individual increase their income potential? Identification Context Connections Who? and/or What? When? and/or Where? Why and/or How? Explain its connection to the GPS, its impact on GA, and/or the “big picture”. Profit What are the differences between income and profit?</p><p>Entrepreneur What are the possible benefits and risks associated with being an entrepreneur?</p><p>Coca-Cola, Delta Airlines, Georgia- Why are entrepreneurs in GA (such as Pacific, and Home Depot those that created Coca-Cola, Delta Airlines, Georgia-Pacific, and Home Depot) so important to the state economy?</p><p>Income What are some possible ways you can increase your income potential?</p><p>Spending What are some possible benefits and risks associated with spending? Credit What are the positive and negative effects of credit?</p><p>Saving What are some ways people can save money and what are the benefits of each?</p><p>Investing What are some possible ways you can choose to invest your money?</p><p>Additional Notes: ______</p><p>Essential Question #1: Why is it important to save money? </p><p>Essential Question #2: Why is good credit important and what dangers are associated with credit? </p><p>Essential Questions #3: How might an individual increase their income potential? Additional Notes: ______</p>