Cost and Benefit Analysis Teacher Resources
Find Cost and Benefit Analysis educational ideas and activities
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Lesson Plan: Doing a Cost–Benefit Analysis for a Mobile Phone
Learners conduct a cost-benefit analysis. In this economics instructional activity, students analyze the pros and cons of carrying cell phones. Learners realize the benefits and downfalls of the actual cost and the opportunity cost of cell phone usage.
Cost/Benefit Analysis:Three Gorges Dam
Students, in groups, take various roles in evaluating the costs/benefits of the Three Gorges Dam project on the Yangtze River in China.
It's a Matter of Power
Students study trade-off and opportunity cost. They examine the role of the profit motive in business decision-making and how firms use cost-benefit analysis to make production decisions.
You Can Bank on This: Budgeting
Students analyze a purchase by using a decision-making grid, then create a cost-benefit analysis of a decision. Given a certain amount of pretend money, students use two types of graphic organizers to decide what to buy.
A Piece of The Energy Pie: Lesson 10
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.
Cost/Benefit Analysis: Three Gorges Dam
Students explore the concept of a cost/benefit analysis. In this cost/benefit analysis lesson, students research the construction of a new dam in China. Students discuss the effects the dam will have on the environment, economy, and culture.
Hawaiian Economics: From the Mountains to the Sea
Learners identify the methods Hawaii uses to allocate their goods and services. They define new vocabulary such as cost and benefit. Using a cost/benefit analysis, they evaluate the ancient method used by the Hawaiian people to allocate their goods. They discover the costs and benefits to other ways of distributing resources.
There Is Something in the Water
Students analyze and debate the tradeoffs between increasing arable farmland as opposed to retaining the wetlands as a natural resource. They discuss the economic factors involved and describe how cost/benefit analysis applies to wetlands issues.
Store Wars: When Wal-Mart Comes to Town
High schoolers watch video clips about the effects of Wal-Mart coming to towns. They develop a cost-benefit analysis related to the proposed store. They write their mayor listing their recommendation for the new store.
Young scholars define the economic term opportunity cost. They complete a cost-benefit analysis related to the purchase of goods. They complete a philanthropic project and reflect on its benefit to the community.
Economics: Are Wind Turbines Economically Feasible?
Students identify the components of a wind turbine and determine the best circumstances to maximize wind power. They discuss wind energy viability and investigate efforts to implement wind energy. Students conduct a cost benefit analysis to wind turbines comparing them to other energy forms.
Our Buggy Moral Code
Why do humans cheat? Under what conditions are we more or less likely to cheat? Listen as Dan Ariely reveals intriguing results of several of his studies on the cost-benefit analysis of cheating, and how these findings relate to such human events as the Enron scandal of 2001. This is also an excellent representation of a real-world application of the scientific method, in which Ariely illustrates his initial inquiry and how he then tested his hypotheses and executed his sociological studies. Finally, Ariely emphasizes our need to test our intuitions in order to better understand human behavior and effect meaningful change.
How Do You End a Nuclear Standoff?
Students analyze Reagan's Strategic Defense Initiative. In this Cold War lesson plan, students listen to a lecture about the initiative and examine a speech given by President Reagan in 1983. Students then complete a cost analysis chart and discuss the nuclear standoff of the era.
How do You End a Nuclear Standoff
Students analyze the Strategic Defense Initiative. In this Cold War lesson, students examine a speech given by President Reagan in 1983. Students then complete a cost analysis chart and discuss the nuclear standoff of the era.
A Guide to Financial Analysis
Knowing good project management means knowing how to conduct good financial analysis. Learner are introduced to the ins and outs of financial planning as it relates to cost, benefit, and project capital investment.
You Can Bank on This! Part 2)
This is part 2 in a 4 part lesson on banking and personal finance. In this lesson, learners analyze whether or not they have made a good purchase, then discuss how to make an informed decision about a purchase. They create a T-chart, a grid, participate in an interactive activity and navigate a website.
How Do You End a Nuclear Standoff?
Students examine President Reagan's Strategic Defense Initiative. For this Cold War lesson, students explore excerpts of the initiative and participate in a cost analysis activity and a fishbowl activity regarding the proposal.
The Economics of Homebuying
Students analyze the costs and benefits of owning a home. Using the cost-benefit analysis, they discover ways to reduce the costs of home ownership. They identify factors that affect the cost of mortgages and practice calculating them using different interest rates. They practice reading and interpreting charts as well.
Trade Offs and Opportunity Cost
Students explore the role of government in the economy market. For this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to accomplish. They discuss marginal costs as well.
Economic Goals and Measuring Activity
Explore the role of government in the economy market. Young scholars analyze the economic decision-making process and how it takes into consideration additional cost, benefits, and public awareness of what they are trying to accomplish. Vocabulary, mythconceptions, and an optional class activity are included.