Embed Size (px)
DESCRIPTION
This presentation explains trade offs and how to identify and compare "competing goods and services" when making a decision. Included a variety of practice problems. Used as an introduction to situational analysis and decision making in environmental and science issues scenarios. Used in 7th through college level settings. Can be adapted to social issues.
Citation preview
Introduction to Trade Offs
A Delicate Balancing Act … choosing between “Competing Goods”
jschmied©2013
People make Trade offs between competing goods every day.
Competing Goods occur when there are two things that you want to have, or do,
but you can’t have both.
Go to BIG Birthday party
Go to BIG Soccer game
jschmied©2013
The goods “compete” against each other in your mind.
When comparing the positives & negatives , One good is TRADE D OFF against the other.
On one hand….. On the other hand…..
When you decide you’ve made a trade off!
See your friendsHave lots of funEat cake!
Let your team downDon’t get to playNo exercise
Play with your teamHave lots of funWin the championship
Won’t enjoy the partyWill miss your friendsNo cake!
jschmied©2013
Examples of Competing Goods that are often traded off against each other.
Money LoveStudying Socializing
jschmied©2013
Tell the “competing goods
jschmied©2013
Tell the “competing goods”
What are the trade offs between these two “goods”.
Doughnut vs. Apple
jschmied©2013
jschmied©2013
What are the “competing goods” ?
What are the trade offs between these “goods”.
Metal Utensils Plastic Utensils
jschmied©2013
• Describe the competing goods.
• Is this person choosing or “making a trade off” between these two competing “goods”?
• Tell why or why not….!
jschmied©2013
jschmied©2013
Work Life Balance
What are the “competing goods” ?
What are the trade offs between these “goods”.
jschmied©2013
What are the “competing goods” ?
What are the trade offs between these “goods”.
MoreMoney
HealthyEnvironment
jschmied©2013
Trade offs are often made when solving environmental issues
Energy Birds
What are the “competing goods” ?
What are the trade offs between these “goods”. jschmied©2013
Price Quality
Tell the “competing goods”.
What are the trade offs between these two “goods”?
Kindle vs iPad
jschmied©2013
Tell: a. The “competing goods”.
b. What you are trading off when choosing between these two “goods”.
Upside: This particular kick does a lot of damage compared to the ability needed to pull it off successfully.
Downside: Defense. The kicker is vulnerable to attack for a very long time.... sacrificing safety
jschmied©2013
What are the “competing goods” ?
What are the trade offs between these “goods”.
jschmied©2013
What are the “competing goods” ?
What are the trade offs?jschmied©2013
What are the “competing goods” ?
What are the trade offs?
jschmied©2013
Team members often make trade offsto ensure the team’s success.
\
But together everyone wins jschmied©2013
