Identifying Opportunity Cost

It's a classic case of whodunnit - with a forensic twist! Learners observe a crime scene and compile evidence, along with emergency phone calls, fingerprints, and interview statements to find the criminal and solve the crime.

Economists and accountants work with money every day, but their perspectives about that money can be very different. An informative video from Crash Course Economics explores basic elements of microeconomics, including economies of...

What happens when the resources used as part of a production possibilities curve are not easily adaptable to produce both goods? Watch as an economics instructor uses an example of an economy producing pizzas and robots in order to...

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...

Students examine literary elements in non-fiction literature. In this problem solving lesson, students read Rosa Parks, My Story and Beyond the Limits. Students make oral presentations based on the causes and effects, conflicts, and...

Decisions, decisions ... how do people make up their minds? Scholars research the concepts of scarcity and opportunity cost as they view a short video describing the basis behind making choices based off of availability and price....

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 19th podcast of a 21-part series on economics focuses on the costs of production when running a business. Historians analyze the difference between fixed, explicit, and implicit costs. They use mathematical equations to find total...

Turn learning into a game by asking pupils to play an online interactive activity! Learners choose their own characters, departments, work toward building the population of their towns, earn money, and must maintain an approval rating...

The concept of opportunity cost challenges historians to analyze how some choices come at a loss in the opening lesson of a 21-part economic series. Podcasts offer insight into the subject of what a decision costs the consumer....