Welcome back to my blog! This post is for the first Action Project of the STEAM class, Economics: Risking Value. As a class with only two Action Projects, this post and another in the future will show off a lot of work completed over a few weeks. In this first unit, Growth, we have investigated the economic and math concepts that would be useful in modeling choices. Throughout the class, we read Freakonomics by Steven D. Levitt and Stephen J. Dubner, which presented economic utilities through real-life examples. We have also explored how incentives can persuade others and affect decisions. Other essential vocabulary words such as opportunity cost, supply, and demand became useful leading up to the AP. For Field Experiences, we met with a Federal Reserve Bank of Chicago representative, who talked with us about what the FED does nationally and locally. In this Action Project, we have been tasked with thinking about plans after graduating high school. We would have to consider c...