Identifying Opportunity Cost

Here is a resource covering a range of terms and concepts regarding scarcity, opportunity cost, and government debt in economics. 

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...

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...

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.

Learners 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...

Class members begin this engaging economics activity by listing all the resources used in the production of a car, and use that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources,...

Most families have an emergency kit in their home with flashlights, water, and extra food. But what happens to your money when disaster strikes? An economics lesson plan focused on the aftermath of Hurricane Katrina in 2005 demonstrates...

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.

Studnets participate in a trading simulation game in which they experience the effects of trade and how trade can increase wealth.