Identifying Opportunity Cost

Would you rather eat a peanut butter cup or a Milky Way bar? Would you rather listen to rap or rock music today? These are a few of the questions your learners will approach as they consider the concept of opportunity cost, and before...

Use this resource as a basic review of economic principles. There are six questions relating to the factors of production, opportunity costs, wants and needs, tangibles and intangibles, and more.

From consumers and producers to profits and incentives, offer your learners an overview of the market economy and the concept of supply and demand. Here you will find reading materials that cover several fundamental terms of economics,...

Do you really need that new laptop/phone/dress/jacket/etc.? Financial decisions require us to distinguish between our wants and our needs. Through discussion and the evaluation of scenarios on provided worksheets, this resource will...

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.

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.

Walk your learners step-by-step through the process of creating a comparative advantage chart with a sample problem involving the production of cars and rice on a production possibilities curve.

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...

Students explore the cost of college and how to plan and save. In this money management lesson students do research on the cost of college, learn about making financial choices, earning, spending, saving, investing and how they apply to...

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.