Curated OER
Price Elasticity of Demand
A series of economic activities should keep your class busy for a while. Six different worksheets review the concepts of price elasticity, demand, and U.S. economics. Multiple real-world applications and scenarios house each of the ten...
Federal Reserve Bank
The Rising Cost of College: Tuition, Financial Aid, and Price Discrimination
Are average college tuition and fees really rising in the United States? Here is a fascinating take on the rising cost of college tuition and how price discrimination may explain what is often seen as an insurmountable cost for higher...
SaveandInvest.org
The True Cost of Owning a Car
Almost every teen wants a car, but can they really afford one? The lesson walks pupils through how to identify a budget, find all of the costs associated with car ownership, and determine if they should buy the car or keep looking.
Council for Economic Education
Opportunity Cost
The price of those new shoes involves more than just money! Individuals explore the concept of opportunity cost using a video clip and gratification discussions. They prepare a budget based off of their set of values in regards to...
Curated OER
Babies: What Do They Cost?
This is a great exercise to give your class a bit of a reality check about having a baby. Few of them realize what a tremendous expense it is for the first year alone. Have them estimate what they think it will cost before giving them...
Teach Engineering
Cost Comparisons
Our final proposal for the cost of the bridge requested is ... In the last segment in a series of 10, pairs work together to develop a proposal for a city bridge design. The class completes a cost comparison between concrete and steel to...
Curated OER
How Much Does it Cost to Light Your School?
Learners compute the cost of electricity used to light their classroom and their school for various lengths of time. They compute the amount of coal needed to produce the electricity used for one hour of light in their classroom. An...
Radford University
Calculating the Cost: Algebraic Planning for a First Car
Scholars decide which job to take based on the pay. They then research cars to potentially purchase and determine the total cost of the car. Finally, they calculate how long they would have to work to purchase the car along with how much...
Curated OER
What Does It Cost to Use It?
Students investigate how electrical usage is counted. For this electricity lesson, students research an electric bill and define terms such as watts and kilowatts. Students calculate the average electricity cost per year by using a...
Curated OER
Identifying Opportunity Cost
Students work together to examine the concept of opportunity costs. They complete a practice problem and solve other problems during the class period. They share their solutions with the class.
Curated OER
The Price is Right
Students, through various activities, explore online databases. Using the internet, students explore the distributors websites. They collect specific information on selected products. An spreadsheet with price comparisons is developed....
Curated OER
Math Simulation: Cost of Car Ownership
For this math simulation worksheet, students will use a transportation price list to complete 2 summaries of the cost of car ownership. Then students will draw a picture of their car.
Curated OER
Price Indexes
Review the ways to construct a price index using this resource. First, learners review how to create a price index. Then they look at a sample chart. And, finally, they answer ten questions related to this topic.
National Research Center for Career and Technical Education
Hospitality and Tourism 2: Costing
The lesson plan provides a richly detailed narrative and sample problems for teaching or reinforcing how to work with percentages. In particular, your audience will compute the costs per serving of food and simulate setting menu prices...
Federal Reserve Bank
The Legacy of the Olympics: Economic Burden or Boon?
Do the economic benefits of major sporting events such as the Olympics or the World Cup outweigh the expected costs? Using fundamental economic terms, discover the explicit and implicit costs and benefits for countries that host these...
Missouri Department of Elementary
How Much Does Smoking Really Cost?
Following a brief survey about tobacco, scholars examine a fact sheet to answer questions about the substance. A practice page challenges the class to determine the cost of the habit using money math. Pupils discuss their findings...
Federal Reserve Bank
Choices Are Everywhere: Why Can’t We Just Have It All?
Here is a resource covering a range of terms and concepts regarding scarcity, opportunity cost, and government debt in economics.
Curated OER
The Price of Gasoline: What's Behind It?
When gasoline is in high demand and on short supply, OPEC can raise the price to turn a significant profit. Help learners understand the economics behind demand, profit motive, and monopolies with a instructional activity that focuses on...
Curated OER
What's the Price?
Fourth graders learn about price and comparative shopping. In this price and comparative shopping lesson, 4th graders read Amy Axelrod's, Pigs Go To Market: Fun with Math and Shopping. They use the book to investigate the meaning of...
Curated OER
Price
First graders complete worksheets on producers and consumers and the total price of a group of items. In this price lesson plan, 1st graders read the book A Dollar for Penny in order to understand price, producers, and consumers, and...
Council for Economic Education
Cost/Benefit Analysis: Three Gorges Dam
Middle schoolers, in groups, take various roles in evaluating the costs/benefits of the Three Gorges Dam project on the Yangtze River in China.
Curated OER
Cutting Costs With Coupons.
Students clip coupons for food items, create a menu using those items, and add up the total savings. They correctly calculate the total amount of money that would be saved if they used the coupons.
Wind Wise Education
What is the Cost of Inefficiency?
What does it cost to keep the lights on? Through a hands-on activity, class members use a watt meter and determine the amount of energy different types of light bulbs use. The class then determines the financial and environmental cost of...
Curated OER
The True Cost of Coffee
Students examine the economic, health and environmental risks of being a one-crop country. They explain the risks of relying on one crop. They also identify the factors that resist change.
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