Lesson Plan
Council for Economic Education

Opportunity Cost

For Teachers 9th - 12th Standards
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...
Lesson Plan
Curated OER

Identifying Opportunity Cost

For Teachers 9th - 12th
High schoolers 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.
Lesson Plan
Curated OER

Globalization: Threat or Opportunity for the U.S. Economy?

For Teachers 9th - 12th
Students study the pros and cons of globalization. They highlight the economic concepts of comparative advantage, specialization, and opportunity cost. They read and discuss the "FRBSF Economic Letter: Globalization: Threat or...
Lesson Plan
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Elizabeth Murray Project

Gender and Opportunity in Colonial America

For Students 9th - 12th Standards
What was life like for women in Colonial America? What restrictions were placed upon them and what opportunities were they afforded? A case study of Elizabeth Murray offers high schoolers a chance to investigate primary source...
Lesson Plan
Curated OER

Opportunity Cost

For Teachers 9th - 12th
High schoolers review the concept of opportunity cost. Using a clip from a money, they identify the people who made a choice and the value of the choice given up. They read various scenarios about opportunity costs and trade-offs and...
Lesson Plan
Curated OER

Opportunity Cost

For Teachers 7th - Higher Ed
Students study what opportunity cost is and why it is important to their lives.
Lesson Plan
Curated OER

Scarcity and Opportunity Cost - To Choose Is To Refuse

For Teachers 8th - 12th
Students are introduced to scarcity and opportunity costs. They discuss how different societies allocate their resources differently based on their needs. Illustrating trade offs, they create a production possibility frontier. They...
Lesson Plan
Curated OER

Location of Resources in Early Civilizations

For Teachers 6th
Sixth graders define scarcity and opportunity costs.
Lesson Plan
Curated OER

Franchise Opportunity

For Teachers 9th - 12th
Young scholars identify and evaluate franchise as a business opportunity. Lesson is culminating project in a business course.
Lesson Plan
Curated OER

Trade Creates Opportunities

For Teachers 9th - 12th
Students examine how trade can create economic opportunities and can be a impetus for social change. They research the "Asian Tigers" and design a class presentation.
Lesson Plan
Curated OER

Tarantula Shoes

For Teachers 9th - 12th
High schoolers read a book about Ryan O'Keefe, a young man who wants a pair of basketball shoes promoted by a basketball star. They explore about spending, saving, opportunity cost, and trade-offs as they study Ryan's decisions...
Lesson Plan
Council for Economic Education

Timing Is Everything

For Teachers 9th - 12th
Students discuss the incentives and opportunity costs of spending vs. saving. They follow an interactive website which shows them the how much money they could end up with by saving instead of spending.
Lesson Plan
Curated OER

Why Nations Trade

For Teachers 8th - 9th
Students discuss international trade. In this trade activity, students read about comparative advantage and the benefits of international trade. Students perform a skills test to determine their individual specialization areas and write...
Lesson Plan
Curated OER

Give and Take

For Teachers 7th - 8th
Students analyze a scheduling dilemma. In this opportunity cost and trade-offs lesson, students must schedule the school gym for basketball games, but there are not enough hours for all the games. Groups determine how time will be...
Lesson Plan
Curated OER

Something from Nothing

For Teachers 2nd - 4th
Learners identify opportunity costs. In this resources instructional activity students are read the story Something from Nothing by Phoebe Gilman. Learners list the things Grandpa makes Joseph. Students state why people make choices.
Lesson Plan
Curated OER

Creating Volunteers

For Teachers 3rd - 5th
Students discuss the benefits of volunteering. In this creating volunteers instructional activity, students consider philanthropic actions and opportunity costs. Students create a song and visual aid about being a volunteer.
Lesson Plan
Federal Reserve Bank

Beatrice’s Goat: A Lesson on Savings Goals

For Teachers 3rd - 5th Standards
Youngsters learn the meaning of saving and how to reach savings goals by first reading a story of a young Ugandan girl who is gifted a goat, and then discovering the opportunity costs of savings decisions made by her and her family.
Lesson Plan
Federal Reserve Bank

The Pickle Patch Bathtub

For Teachers 3rd - 5th Standards
What do your pupils want to save up their money for? Based around the book The Pickle Patch Bathtub, this lesson covers opportunity cost, saving, and spending. Learners participate in a discussion and practice making their own...
Lesson Plan
Council for Economic Education

Production Possibilities Curve

For Students 9th - 12th Standards
Demonstrate the important economic principles of the production possibilities curve, including how to calculate opportunity cost and graph curves by using a table or calculation. Learners use a variety of methods, including videos,...
Lesson Plan
Federal Reserve Bank

Something Special For Me

For Teachers 1st - 3rd Standards
People often save money, but what are the benefits and drawbacks of that action? Youngsters learn about saving, savings, and opportunity cost through the lens of a short book, called Something Special for Me.
Lesson Plan
Curated OER

Right to Equal Opportunity

For Teachers 2nd - 4th
Young scholars investigate the concept of equal opportunity in school. In this equal opportunity instructional activity, students participate in a discussion about the fairness of certain situations in school. They listen to a story...
Lesson Plan
Chemistry Teacher

Metals, Nonmetals, and Metalloids Lab

For Teachers 9th - 12th
What an exciting way to introduce your blossoming chemists to the world of metals, nonmetals, metalloids, and polymers! Here is a lab activity that is designed to allow pupils the opportunity to visualize the reaction of metals,...
Lesson Plan
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Historical Thinking Matters

Spanish-American War: 5 Day Lesson

For Teachers 7th - 12th Standards
Nine historical documents, an interactive online notebook, and a fantastic opportunity for historical inquiry await your pupils in this 5-day lesson plan. Class members identify and discuss various causes for the Spanish-American War...
Lesson Plan
Curated OER

The Square Counting Shortcut

For Teachers 2nd - 4th Standards
An excellent lesson that encourages students to discover how complex figures can be broken into simpler shapes when measuring area. Working with block letters, learners are given the freedom to develop their own strategies for...

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