Cost and Benefit Analysis Teacher Resources
Find Cost and Benefit Analysis educational ideas and activities
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Middle schoolers, in groups, take various roles in evaluating the costs/benefits of the Three Gorges Dam project on the Yangtze River in China.
Students conduct a cost-benefit analysis. In this economics lesson, students analyze the pros and cons of carrying cell phones. Students realize the benefits and downfalls of the actual cost and the opportunity cost of cell phone usage.
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.
Young scholars explore the concept of a cost/benefit analysis. In this cost/benefit analysis lesson, students research the construction of a new dam in China. Young scholars discuss the effects the dam will have on the environment, economy, and culture.
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.
Young scholars 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.
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.
New Review Sample Test: Economics
From scarcity and marginal benefits and costs to economic systems and GDP, this 22-question multiple choice test covers some of the most fundamental concepts of economics.
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.
Young scholars explore the concept of being a recording artist. For 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. Young scholars discuss supply, demand, and perform a cost-benefit analysis of their various products.
Students 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.
Young scholars 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.
New Review Unintended Consequences
What would your class members say to the opportunity to take two years off of school between grades 10 and 11? Examine the economic concepts of costs, benefits, and unintended consequences with this unique and engaging approach.
Students 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.
Students 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.
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.
Students read "The Three Little Pigs" and define and compare terms cost and benefit. They identify costs and benefits of decisions based on examples given, and discuss importance of making good decisions.
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.
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.
Students do a cost/benefit analysis to see to what extent the public secor should subsidize new or rehabilitated stadiums for professional sports team.