Curated OER
Scarcity, Choice and Decisions
Students study the basic economic trilogy (scarcity, choice, and costs). In this money management lesson, students use a scenario of a High School Prom to calculate how scarcity, choice and cost apply by completing provided worksheets...
Missouri Department of Elementary
Opportunity Knocks, But It Costs, Too!
Sixth graders practice six steps to effective problem solving. Working with the school counselor, class members are presented with a scenario that requires them to make a decision. Individuals then write a reflection in which they...
Curated OER
The True Cost of Coffee
Learners 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.
Curated OER
The Berenstain Bears' Mad, Mad, Mad Toy Craze
Young scholars use the book, The Berenstain Bears' Mad, Mad, Mad Toy Craze, to explore spending, collecting, opportunity cost, saving, and speculating.
Curated OER
What's In It For Me?
Students analyze the costs and benefits that are involved with owning a business. They create their own decision making grid and identify their trade-offs. They also identify the opportunity costs involved in owning their own business.
Curated OER
Is the Tassle Worth the Hassle?
Students analyze the costs of college education. In this economics instructional activity, students discuss the concept of opportunity cost as it relates to obtaining a college degree to secure a job.
Curated OER
Love Letters to the World
Students practice personal decision making. In this philanthropy lesson, students compare three different projects, identify the opportunity cost of each, and make a personal decision about which project they feel the class would pursue.
California Department of Education
College: Plan Well and Pay Less
They say you gotta pay to play, and postsecondary education is no exception! High schoolers learn how to research and analyze the cost of postsecondary education as well as the different ways to pay for schooling. Learners then work...
Federal Reserve Bank
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.
Curated OER
Costs & Benefits
Students reinforce the concept of the true costs being what is given up by doing something -- normally referred to as opportunity costs.
Curated OER
Consumer Borrowing and Spending
Credit can be confusing for teens, some of whom are already using credit cards. Clear up misconceptions with this group research activity which has a solid outline with a lot of room to adjust to your needs and resources. Groups are...
Curated OER
Specialization and Voluntary Exchange
Studnets participate in a trading simulation game in which they experience the effects of trade and how trade can increase wealth.
Curated OER
Life in a Soviet Household
High schoolers simulate the transaction costs experienced by the average householder in the former Soviet Union. They consider time spent searching and waiting in line, scarcity of goods and the lure of the black market.
Curated OER
Opportunity Knocks, But It Costs, Too!
Sixth graders write a reflection piece, outlining each of the decision-making steps they have used and what decision they have decided upon, which includes possible solutions, as well as possible outcomes for each solution. They also...
PLS 3rd Learning
Monthly Budget & Operating Costs
What teenager wouldn't want a car? But before they make that big purchase, this exercise helps them to understand the costs involved. It includes a worksheet to calculate expenses like taxes and fees, maintenance, gas and insurance, as...
Mathematics Assessment Project
Sharing Costs Equitably: Traveling to School
Drive or take the school bus? Class members determine the amount each student would have to pay in a carpool situation. They then evaluate the cost in a set of provided examples. I think I'd rather take the school bus!
Curated OER
Time Value of Money
Students evaluate the time value of money. In this economics lesson, students define inflation, interest, and the future value of money.
Curated OER
Charge Cards!
Students identify and define the various types of credit cards and credit card offers. In this credit cards lesson, students identify the pros and cons of managing a credit card account. Students locate information on the Federal...
Curated OER
Uncle Jed's Barbershop
Fourth graders examine productive resources. In this economics activity, 4th graders read a book about a man who saves money to buy his own barbershop. After reading, students get into groups to play a game to learn about savings.
Curated OER
Economic Reasoning: Why Are We A Nation Of Couch Potatoes?
Students examine the visual aids of this lesson plan to study the costs and benefits of decisions about diet and exercise. They investigate human choice as it affects behavior and in turns effects economics and consequences.
Practical Money Skills
Making Decisions
A set of quizzes and assessments would make a great companion to your lesson plan on making decisions and opportunity risks. Learners watch a PowerPoint before answering multiple choice questions about interest rates, saving money, and...
Curated OER
Choice, Opportunity, Cost and Decisions
Students discuss the definition of scarcity and tradeoffs, and the differences between choice and cost. They create budgets and must provide tradeoffs for some of their choices.
Curated OER
Decisions! Decisions! What Will I Do?
Students demonstrate formats of opportunity cost. Students illustrate this concept by choosing two pictures and analyzing them for color and cost. They write a short paper explaining their findings.
Curated OER
Yard Sale
Students complete activities to discover spending, goods, services, price, advertising, choice, alternatives, criteria and opportunity cost.
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