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Opportunity Cost

Students explore the concept of opportunity cost. Classmates discuss, orally and in writing, a time when they had to make a choice when all choices seemed worthwhile. They explore the impact of making decisions when resources are scarce or limited. Learners create a picture board or tell a story to explain the concept of opportunity cost.

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Concepts

Resource Details

Grade
9th - 12th
Subjects
Economics & Business
1 more...
Resource Type
Lesson Plans
Duration
1 hr
Instructional Strategy
Research
Usage Permissions
Fine Print
Included Materials
  • Vocabulary
  • Worksheet