Cost and Benefit Analysis Teacher Resources
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Lesson Plan: Doing a Cost–Benefit Analysis for a Mobile Phone
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.
7th - 11th Social Studies & History 12 Views 30 Downloads
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.
10th - 12th Social Studies & History 9 Views 39 Downloads
Cost/Benefit Analysis: Three Gorges Dam
Students explore the concept of a cost/benefit analysis. In this cost/benefit analysis instructional activity, students research the construction of a new dam in China. Students discuss the effects the dam will have on the environment, economy, and culture.
7th - 9th Social Studies & History 3 Views 4 Downloads
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.
3rd - 5th Social Studies & History 3 Views 10 Downloads
Economics: It's a Matter of Power
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.
9th - 12th Social Studies & History 3 Views 7 Downloads
Tune In to Insurance
Middle schoolers, 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.
6th - 8th Math 3 Views 2 Downloads
Recording Artist and MP3 Players
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.
8th - 10th Social Studies & History 3 Views 10 Downloads
Hawaiian Economics: From the Mountains to the Sea
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.
3rd - 5th Social Studies & History 3 Views 3 Downloads
There Is Something in the Water
Learners 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.
6th - 8th Science 3 Views 8 Downloads
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.
9th - 12th Social Studies & History 18 Views 19 Downloads CCSS: Designed
Store Wars: When Wal-Mart Comes to Town
Young scholars 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.
9th - 12th Social Studies & History 3 Views 4 Downloads
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.
9th - 12th Social Studies & History 3 Views 5 Downloads
Costs and Benefits of "The Three Little Pigs"
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.
K - 2nd Social Studies & History 7 Views 17 Downloads
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.
12th - Higher Ed 21st Century Skills 7 Views 7 Downloads
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.
9th - 12th Social Studies & History 5 Views 24 Downloads