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,...

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.

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.

Students examine economic trade. In this economics lesson, students consider opportunity cost, comparative advantage, and absolute advantage as they participate in a LeBron James scenario where they study international trade concepts.

Students 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 make...

Students explore the cost of college and how to plan and save. For 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...

Learners discuss the incentives and opportunity costs of spending vs. saving. They follow an interactive website which shows them the how much money they could end up with by saving instead of spending.

Young scholars analyze the costs of college education. In this economics lesson, students discuss the concept of opportunity cost as it relates to obtaining a college degree to secure a job.