Episode 8, Segment 3: The PPF Illustrates the Law of Increasing Opportunity Cost

This Episode 8, Segment 3: The PPF Illustrates the Law of Increasing Opportunity Cost video also includes:

New Review

What is the cost of doing business? Scholars employ the law of Increasing Opportunity Cost to understand how making one product often costs the production of another. To finish the lesson, scholars discuss the cost of success, along with the concept of making one choice that directly impacts other decisions. 

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CCSS: Adaptable
Instructional Ideas

  • Extend the lesson with an additional review video on increasing opportunity cost
  • Invite a local business person as a guest speaker to give real-life examples of how opportunity cost impacts businesses and consumers
Classroom Considerations

  • Lesson is designed for grades 8-12 and beyond, adjust instruction according to age level 
  • Serves as the third segment of the eighth episode in a 10-part series
Pros

  • Video lesson includes a podcast alternative for audio learners
  • Lesson links with segments 8.1 and 8.2 for mini-unit option 
Cons

  • None