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The True Cost of Owning a Car
Almost every teen wants a car, but can they really afford one? The lesson plan 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
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...
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
Learners, 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....
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...
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...
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
Students, 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
Young scholars 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.
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...
National Research Center for Career and Technical Education
Costing
Your young business men and women discover that selling what they make at a profit is the key in running a business. Learners practice the contextual math needed in the CTE lesson; then apply their percent proportion concepts in solving...
Curated OER
The Ultimate Classroom: R & D
Redecorate a classroom on a budget. Middle schoolers rebuild a classroom after a disaster. They conduct Internet research to determine construction supplies needed and the most cost effective way to reach the predetermined results. They...
Curated OER
How Can Entrepreneurs Control Costs?
Students calculate fixed and variable costs. In this costs lesson, students read a case study about an entrepreneur and her business costs. Individuals complete the provided worksheets to find costs and make related business decisions....
Curated OER
How Can Entrepreneurs Control Costs?
Students investigate the fixed and variable costs that entrepreneurs face. They examine how entrepreneurs identify and control their costs in order to make a profit by completing a number of included activities.
Curated OER
What Did It Cost 100 Years Ago?
Students compare prices of good across the century in order to introduce the topic of inflation. They undertand the concepts of inflation and Consumer Price Index (CPI), use online calculators to figure the approximate cost of goods...
Curated OER
College Costs are on the Rise
High schoolers examine college costs in different states. In this college cost lesson, students create a table and determine the average cost of college for the states listed. They organize the data into measurement categories. High...
Curated OER
The Rising Cost of Health Care: Is there an explanation?
Twelfth graders explore rising health care costs and the Law of Diminishing Marginal Utility. They participate in an activity that demonstrates the Law of Diminishing Marginal Utility. Students read the may 27, 2005 Economic Letter and...
Visa
The Cost of College: Financing Your Education
With college tuition at an all-time high, high school learners must consider the financial obligations of attending higher education, as well as the impact of college on future career opportunities. Pupils will complete worksheets,...
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