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
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.
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...
Federal Reserve Bank
The Rising Cost of College: Tuition, Financial Aid, and Price Discrimination
Are average college tuition and fees really rising in the United States? Here is a fascinating take on the rising cost of college tuition and how price discrimination may explain what is often seen as an insurmountable cost for higher...
Federal Reserve Bank
Beatrice’s Goat: A Lesson on Savings Goals
Youngsters learn the meaning of saving and how to reach savings goals by first reading a story of a young Ugandan girl who is gifted a goat, and then discovering the opportunity costs of savings decisions made by her and her family.
Federal Reserve Bank
The Pickle Patch Bathtub
What do your pupils want to save up their money for? Based around the book The Pickle Patch Bathtub, this instructional activity covers opportunity cost, saving, and spending. Learners participate in a discussion and practice making...
Federal Reserve Bank
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.
College Board
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...
Council for Economic Education
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...
Visa
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...
Visa
Making Decisions
What economic factors can influence personal and financial decisions? In an effort to understand opportunity costs and the time value of money, pupils engage in role-playing activities and discussion, as well as view a PowerPoint...
Missouri Department of Elementary
Opportunity Knocks, But It Costs, Too!
Sixth graders practice six steps to effective problem solving. Working with the school counselor, class members are presented with a scenario that requires them to make a decision. Individuals then write a reflection in which they...
Council for Economic Education
Teaching Economics Using Children's Literature
Introduce young learners to the subject of economics using their favorite stories and books. Including 24 separate lessons, this guide covers economic principles such as trade, scarcity, consumer goods and services, renewable and...
Federal Reserve Bank
Cotton in My Sack
As part of a study of saving choices and opportunity costs, class members listen to a reading of Lois Lenski's Cotton in My Sack, and then evaluate the spending choices made by the Hutley family.
Federal Reserve Bank
Piggy Bank Primer: Saving and Budgeting
Introduce young economists to basic concepts like unlimited wants, opportunity costs, saving, and budgeting with this workbook designed by the Federal Reserve Bank.
Curated OER
The Foundation of Economics
This is a one-stop shop as an introduction to Economics; review 53 slides covering the basics of most economics principles with images and instructor notes. Journey from Adam Smith and the foundation of modern economics to concepts such...
Scholastic
Study Jams! Place Decimal on a Number Line
Through four steps, three different time values for a 100-meter run are arranged on a number line in order to practice ordering decimal numbers. The price of two sports drinks are also compared. All of this comes in narrated and animated...
Federal Reserve Bank
On the Court with... Michael Jordan
Pupils learn foundational economic concepts and consider the importance of decision-making, how to evaluate choices and alternatives, and the benefits of consistent training and practice by learning about the early life of Michael Jordan.
Federal Reserve Bank
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...
National Endowment for the Humanities
Edgar Allan Poe, Ambrose Bierce, and the Unreliable Narrator
Stories by Edgar Allan Poe and Ambrose Bierce provide readers with an opportunity to investigate unreliable narrators. The lesson plan begins with an activity about different types of point of view and continues as scholars apply their...
Literacy Design Collaborative
Catching a Grenade: How Word Choice Impacts Meaning and Tone
Beyonce's "Halo" and Bruno Mars' "Grenade" provide eighth graders with an opportunity to consider how a writer's choice of words can create a very different tone even when the subject is the same. After a close reading of both lyrics,...
National Woman's History Museum
Country to City
After reading a series of primary source documents, groups compare the lives of and opportunities available to rural and urban women in the 19th century to rural and urban life in the 21st century. As an exit ticket, individuals craft a...
Federal Reserve Bank
Lesson 1: Katrina Strikes
Most families have an emergency kit in their home with flashlights, water, and extra food. But what happens to your money when disaster strikes? An economics lesson focused on the aftermath of Hurricane Katrina in 2005 demonstrates the...
Council for Economic Education
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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