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Cost and Benefit Analysis Teacher Resources
Find teacher approved Cost and Benefit Analysis educational resource ideas and activities
Young scholars, 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.
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.
Learners explore the concept of a cost/benefit analysis. For this cost/benefit analysis lesson, students research the construction of a new dam in China. Learners discuss the effects the dam will have on the environment, economy, and culture.
Students do a cost/benefit analysis to see to what extent the public secor should subsidize new or rehabilitated stadiums for professional sports team.
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.
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.
Students review resources and explore the effects of the rising costs of insurance for high-profile art exhibits since September 11.