Critical Thinking for College Success
Module 9 Homework
This assignment supports Module Objectives 3 & 4
To complete this assignment, download this document and open in Microsoft Word (all students have free online access to Microsoft Office Products (Office 365): login using your Star ID and password: https:
login.microsoftonline.com/?whr=minnstate.edu).
When complete, save your file in docx or pdf format, then upload it into the D2L Assignment Submission Folder for Module 9 Homework.
Please use our Module 9 Learning Activities as a reference
Causation and Financial Behaviors Self-Assessment
Directions: Reflect on each question before answering. Your answers should be in complete paragraphs (4-5 sentences), (Remember Mantra 4 to Think in “Paragraphs”). If you answer the questions fully with at least a full paragraph (4-5 sentences) for each set of questions, then you earn full points. If your answer is less than a paragraph or miss a question, then you earn half points for that set of questions. If you are missing one of the two paragraphs, then you earn 0 points for that response. Add space as needed.
In this module we learned about co
elation, causation and personal financial behaviors. This assignment offers an opportunity to reflect on different co
elations and the effects on your own personal behaviors.
Paragraph 1:
1. Explain the difference between co
elation and causation (Mantra 2 the Test of Understanding)
2. Give an example of a co
elation you’ve observed about yourself that influences your financial decisions. For example, I’ve found that if I’m hungry when I grocery shop, I buy more food, especially unhealthy snacks. If I shop online late and night, I tend to purchase things I don’t need. (Test of Understanding)
3. Finally, as you start to recognize how and when your behaviors can lead to certain financial decisions, reflect on what you might do differently going forward to avoid this fallacy (Growth Mindset)
Paragraph 2: Repeat #2 and #3 above for a second example.
2. Give an example of a co
elation you’ve observed about yourself that influences your financial decisions. For example, I’ve found that if I’m hungry when I grocery shop, I buy more food, especially unhealthy snacks. If I shop online late and night, I tend to purchase things I don’t need. (Test of Understanding)
3. Finally, as you start to recognize how and when your behaviors can lead to certain financial decisions, reflect on what you might do differently going forward to avoid this fallacy (Growth Mindset)