This set of resources includes 1x PPT which can be delivered over 3 lessons and 3x word files consisting of decision tree calculations and exam practice questions.
Learners are introduced to how decisions are made i.e. scientifically through evidence or through intuition, pros and cons of both are looked at. We also look at risks, rewards, uncertainty, opportunity cost and how this could affect decision making as well as influences such as the mission and objectives of the business.
We look at decision trees and break down step by step the construction of them so students can grasp this tricky concept with ease. Plenty of practice of calculations such as expected value and net gain. A variety of tasks to consolidate this knowledge through discussions, research and case studies. Two exam style questions, with model answers and marking grids so students can self/peer assess to identify WWW and EBI with their answers.
A link to a kahoot quiz and a box plenary to finish with.
Colourful, concise and engaging slides!
Thank you
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