Opportunity Cost Teacher Resources

Find Opportunity Cost lesson plans and worksheets
Showing 221 resources
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35 Items in Topic
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Crash Course: Economics

For Students 9th - 12th Standards
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...
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68 Items in Unit
Lesson Planet Curated

Middle School World History

For Teachers 6th - 8th Standards
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...
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10 Items in Topic
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Practical Money Skills: Lessons for Special Needs Students

For Students 6th - 12th
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....
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30 Items in Topic
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Economic Lowdown Podcast Series

For Teachers 9th - 12th Standards
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...
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4 Items in Topic
Lesson Planet Curated

Katrina's Classroom: Teaching Money Skills for Life

For Teachers 7th - 12th Standards
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...
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Lesson Plan
Council for Economic Education

Opportunity Cost

For Teachers 9th - 12th Standards
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...
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Podcast5:44
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Federal Reserve Bank

Episode 1: Opportunity Cost

For Students 8th - Higher Ed Standards
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....
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Instructional Video3:18
Jacob Clifford

Production Possibilities Curve and Opportunity Cost

For Students 11th - 12th Standards
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...
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Lesson Plan
Curated OER

Identifying Opportunity Cost

For Teachers 9th - 12th
High schoolers 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.
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Worksheet
Federal Reserve Bank

Choices Are Everywhere: Why Can’t We Just Have It All?

For Students 11th - 12th Standards
Here is a resource covering a range of terms and concepts regarding scarcity, opportunity cost, and government debt in economics. 
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Activity
Curated OER

Susan's Choice

For Teachers 2nd - 3rd Standards
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. 
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Lesson Plan
Curated OER

Opportunity Cost

For Teachers 9th - 12th
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...
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Lesson Plan
Curated OER

Opportunity Cost

For Teachers 7th - Higher Ed
Students study what opportunity cost is and why it is important to their lives.
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Lesson Plan
Curated OER

Scarcity and Opportunity Cost - To Choose Is To Refuse

For Teachers 8th - 12th
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...
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Worksheet
Curated OER

Production Possibilities & Opportunity Cost

For Students 12th
In this economics activity, 12th graders respond to 15 multiple choice questions about production possiblities and opportunity costs.
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Lesson Plan
Curated OER

Location of Resources in Early Civilizations

For Teachers 6th
Sixth graders define scarcity and opportunity costs.
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Worksheet
Curated OER

Economics Study Guide

For Students 11th - 12th
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.
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Worksheet
Curated OER

Economics Worksheet: Opportunity Costs

For Students 11th - 12th
In this economics worksheet, students use their problem solving skills to calculate opportunity costs and graph their calculations.
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Worksheet
Federal Reserve Bank

The Legacy of the Olympics: Economic Burden or Boon?

For Students 9th - 12th Standards
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...
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Lesson Plan
Curated OER

Tarantula Shoes

For Teachers 9th - 12th
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...
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Worksheet
Curated OER

Money situations

For Students 9th - 12th
In this money situations worksheet, students read money word problems and then list the benefit, opportunity cost, risks, and responsibilities for each one. Students do this for 6 questions.
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Lesson Plan
Curated OER

Why Nations Trade

For Teachers 8th - 9th
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...
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Lesson Plan
Council for Economic Education

Timing Is Everything

For Teachers 9th - 12th
High schoolers 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.
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Lesson Plan
Curated OER

Give and Take

For Teachers 7th - 8th
Young scholars 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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