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We found 73 resources with the concept opportunity cost
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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...
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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...
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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...
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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....
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Savvy Spending: Sharpening Money Decisions
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...
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EconMovies 7: Anchorman (Efficiency and Market Failures)
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...
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Sample Test: Economics
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.
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There is No Such Thing as a Free Lunch - The Economic Lowdown
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...
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2018 AP® Microeconomics Free-Response Questions
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...
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Production Possibilities Curve
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,...
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Christopher Columbus, Entrepreneur? Queen Isabella, Venture Capitalist?
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...
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Episode 8, Segment 3: The PPF Illustrates the Law of Increasing Opportunity Cost
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...
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Episode 8, Segment 1: The PPF Illustrates Scarcity and Opportunity Cost
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....
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Episode 19: Costs of Production and the Shutdown Decision
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...
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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....
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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...
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Specialization and the Decathlon
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...
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Revenue, Profits, and Price
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...
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Intro to Economics
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...
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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.
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Making Decisions
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...
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Making Decisions
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...
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Something Special For Me
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.
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Glo Goes Shopping
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...