Curated OER
Good Will - Three Chinese Stories
Young scholars listen to The Seven Chinese Brothers and identify tall tale elements in it. They brainstorm ways they could help each other in school. They create a banner reflecting the style and art of Chinese decorations and clothing...
Curated OER
The Berenstain Bears' Mad, Mad, Mad Toy Craze
Students use the book, The Berenstain Bears' Mad, Mad, Mad Toy Craze, to explore spending, collecting, opportunity cost, saving, and speculating.
Curated OER
Opportunity Cost
Students study what opportunity cost is and why it is important to their lives.
Curated OER
Life in a Soviet Household
Students simulate the transaction costs experienced by the average householder in the former Soviet Union. They consider time spent searching and waiting in line, scarcity of goods and the lure of the black market.
Curated OER
Decisions! Decisions! What Will I Do?
Pupils demonstrate formats of opportunity cost. Students illustrate this concept by choosing two pictures and analyzing them for color and cost. They write a short paper explaining their findings.
Curated OER
Costs & Benefits
Students reinforce the concept of the true costs being what is given up by doing something -- normally referred to as opportunity costs.
Curated OER
Yard Sale
Students complete activities to discover spending, goods, services, price, advertising, choice, alternatives, criteria and opportunity cost.