Opportunity Cost Teacher Resources

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...

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....

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...

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.

Here is a resource covering a range of terms and concepts regarding scarcity, opportunity cost, and government debt in economics. 

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. 

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 study what opportunity cost is and why it is important to their lives.

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...

In this economics worksheet, 12th graders respond to 15 multiple choice questions about production possiblities and opportunity costs.

Sixth graders define scarcity and opportunity costs.

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.

In this economics worksheet, students use their problem solving skills to calculate opportunity costs and graph their calculations.

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...

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...

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.

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...

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.

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...