Do you really need that new laptop/phone/dress/jacket/etc.? Financial decisions require us to distinguish between our wants and our needs. Through discussion and the evaluation of scenarios on provided worksheets, this resource will...

How can performing cannonballs into a swimming pool help us to understand the concept of marginal analysis and efficiency? Check out this video, using clips from the movie Anchorman and informative instruction, to learn more about...

From scarcity and marginal benefits and costs to economic systems and GDP, this 22-question multiple choice test covers some of the most fundamental concepts of economics.

Imagine a pizza place offers your school free pizza for lunch. No strings attached, right? Not so, say economists. Using a video from the Fed, young scholars examine the meaning of concepts such as scarcity and opportunity cost to...

How much should Nirali study for her history and economics exams if she has a limited amount of time for both? Scholars consider opportunity cost in using this real-world scenario from College Board. Other questions include looking at a...

Demonstrate the important economic principles of the production possibilities curve, including how to calculate opportunity cost and graph curves by using a table or calculation. Learners use a variety of methods, including videos,...

What did it take to embark on a journey to unknown lands? Perhaps ambition, but also money! Christopher Columbus had to approach more than one European monarch for financing before he could sail the ocean blue. A read-along play and...

What is the cost of doing business? Scholars employ the law of Increasing Opportunity Cost to understand how making one product often costs the production of another. To finish the lesson, scholars discuss the cost of success, along with...

Decisions, decisions ... how do people make up their minds? Scholars research the concepts of scarcity and opportunity cost as they view a short video describing the basis behind making choices based off of availability and price....

The 19th podcast of a 21-part series on economics focuses on the costs of production when running a business. Historians analyze the difference between fixed, explicit, and implicit costs. They use mathematical equations to find total...

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....

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...

Michael Phelps, the economist? Scholars research the economic advantages of specializing in one kind of service, and how it relates to athletes doing the same in their respective sports. They evaluate absolute advantage, production, and...

Economists and accountants work with money every day, but their perspectives about that money can be very different. An informative video from Crash Course Economics explores basic elements of microeconomics, including economies of...

There's an opportunity cost to everything you do, but it's minimal when you're learning about an applicable topic like economics. Join the Crash Course team as they introduce a 35-part video series on economics and briefly address some...

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. 

Money represents decisions: spending decisions, saving decisions, and investing decisions. Encourage young adults to think about the decisions they make with their money in a three-day unit about personal finance, consumer spending, and...

A set of quizzes and assessments would make a great companion to your instructional activity on making decisions and opportunity risks. Learners watch a PowerPoint before answering multiple choice questions about interest rates, saving...

People often save money, but what are the benefits and drawbacks of that action? Youngsters learn about saving, savings, and opportunity cost through the lens of a short book, called Something Special for Me.

Making decisions can be very difficult. Show your class one way to evaluate choices with this lesson, which is inspired by the book Glo Goes Shopping. Learners practicing using a decision-making grid with the content of the story and a...