Opportunity Cost Teacher Resources
Find Opportunity Cost lesson plans and worksheets
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Lesson Planet Curated
Crash Course: Economics
Nudge Theory, Game Theory, and Oligopoly? A 35-part video Crash Course goes beyond supply and demand and provides young economists with everything they need to know about economics. Based on the 2015 AP Economics guidelines, the...
Lesson Planet Curated
Middle School World History
A 22-lesson Middle School World History unit uses a unique problem-solving approach to teach tweens economic history. After reading articles that provide background information, pupils engage in activities and simulations that require...
Lesson Planet Curated
Practical Money Skills: Lessons for Special Needs Students
Help special needs learners develop the money management skills they need to prepare for living on their own. The collection of 10 lessons cover budgeting, shopping, banking, saving and investing, understanding credit, and much more....
Lesson Planet Curated
Economic Lowdown Podcast Series
Accepting a cow as payment for a car is not udder-ly ridiculous. A collection of 21 podcasts provide high schoolers with the lowdown on economics. Topics covered include economics, banking, monetary policy, and the role the Federal...
Lesson Planet Curated
Katrina's Classroom: Teaching Money Skills for Life
Imagine a hurricane teaching high schoolers about financial preparedness! The four lessons in this collection are based on the personal stories in Katrina’s Classroom: Financial Lessons from a Hurricane video. Topics include goal...
Council for Economic Education
Opportunity Cost
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...
Federal Reserve Bank
Episode 1: Opportunity Cost
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....
Jacob Clifford
Production Possibilities Curve and Opportunity Cost
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...
Curated OER
Identifying Opportunity Cost
Students work together to examine the concept of opportunity costs. They complete a practice problem and solve other problems during the class period. They share their solutions with the class.
Federal Reserve Bank
Choices Are Everywhere: Why Can’t We Just Have It All?
Here is a resource covering a range of terms and concepts regarding scarcity, opportunity cost, and government debt in economics.
Curated OER
Susan's Choice
Young economists explore opportunity cost by counting how much money Susan has in her piggy bank. From here, they are challenged to help Susan make a choice about what she can buy with her money.
Curated OER
Opportunity Cost
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...
Curated OER
Opportunity Cost
Students study what opportunity cost is and why it is important to their lives.
Curated OER
Scarcity and Opportunity Cost - To Choose Is To Refuse
Students are introduced to scarcity and opportunity costs. They discuss how different societies allocate their resources differently based on their needs. Illustrating trade offs, they create a production possibility frontier. They...
Curated OER
Production Possibilities & Opportunity Cost
In this economics worksheet, 12th graders respond to 15 multiple choice questions about production possiblities and opportunity costs.
Curated OER
Location of Resources in Early Civilizations
Sixth graders define scarcity and opportunity costs.
Curated OER
Economics Study Guide
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.
Curated OER
Economics Worksheet: Opportunity Costs
In this economics worksheet, students use their problem solving skills to calculate opportunity costs and graph their calculations.
Federal Reserve Bank
The Legacy of the Olympics: Economic Burden or Boon?
Do the economic benefits of major sporting events such as the Olympics or the World Cup outweigh the expected costs? Using fundamental economic terms, discover the explicit and implicit costs and benefits for countries that host these...
Curated OER
Tarantula Shoes
Students read a book about Ryan O'Keefe, a young man who wants a pair of basketball shoes promoted by a basketball star. They explore about spending, saving, opportunity cost, and trade-offs as they study Ryan's decisions throughout the...
Curated OER
Money situations
In this money situations instructional activity, students read money word problems and then list the benefit, opportunity cost, risks, and responsibilities for each one. Students do this for 6 questions.
Curated OER
Why Nations Trade
Students discuss international trade. In this trade lesson, students read about comparative advantage and the benefits of international trade. Students perform a skills test to determine their individual specialization areas and write...
Council for Economic Education
Timing Is Everything
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.
Curated OER
Give and Take
Students analyze a scheduling dilemma. In this opportunity cost and trade-offs lesson, students must schedule the school gym for basketball games, but there are not enough hours for all the games. Groups determine how time will be...
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