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Scarcity, Choice and Decisions Lesson PlanScarcity, Choice and Decisions Lesson Plan
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Lesson Plan

Scarcity, Choice and Decisions

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Students study the basic economic trilogy (scarcity, choice, and costs). In this money management lesson, students use a scenario of a High School Prom to calculate how scarcity, choice and cost apply by completing provided worksheets and creating budgets that use each concept learned.

89 Views 171 Downloads
Concepts

needs vs. wants, economic principles, opportunity cost

Additional Tags

opportunity cost, trade offs, wants and needs, math
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Resource Details

Grade
10th - 12th
Subjects
Math
3 more...
Resource Type
Lesson Plans
Audience
For Teacher Use
Duration
2 days
Instructional Strategies
Project-Based Learning
1 more...
Technology
Calculator
Year
2010

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