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Cost and Benefit Analysis Teacher Resources
Find teacher approved Cost and Benefit Analysis educational resource ideas and activities
Students, working in small groups, role play as owners of a small used CD and DVD store that is in a tornado-prone area. They begin a worksheet on which they estimate the store's total value. Next, they discuss insurance coverage and cost-benefit analysis which actuaries complete in the insurance industry. Finally, they discuss the costs and advantages of having tornado insurance.
Cost-benefit, green initiatives, global economics, and renewable energy are the topics of this thought-provoking lesson plan. Learners watch the video, NASCAR Goes Green, engage in a circular written discussion, then talk about the green initiative as a targeted market to increase product loyalty and overall profit margarine. Multiple resources, discussion questions, and activities are all included.
Students examine trade-offs and profit maximization decisions in the case study of Kaiser Aluminum. The define related economic terms and explain the role that factors such as costs versus revenues play in making business decisions. Finally, they role-play as economists advising the company on business choices.
Students explore the concept of being a recording artist. In this recording artist lesson, students determine the costs of producing various music products such as a demo tape, 8-track tape, and a record deal. Students discuss supply, demand, and perform a cost-benefit analysis of their various products.