Econ Ed Link: Opportunity Cost

Consumers are faced with tough choices because so many innovative and exciting products and services are available. Therefore, engraining a decision-making process that includes considering of opportunity cost is necessary to shape...

This lesson plan focuses on the rising cost of healthcare in the United States. The objective of the instructional activity is to compare and contrast the health care systems in the United States and Canada.

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...

Students learn about opportunity cost and play a Kahoot game to review.

Students will define opportunity cost as they list various career choices and salaries, and calculate future value of money.

This activity covers the National Content Standard 2: Marginal Decision Making. It provides key terms and concepts around scarcity forces, changing opportunity costs which affect incentives and choices. It includes links to a teacher's...

Learn more about the economy through this informative lesson. "In this lesson, you will learn how the incentive program affects the personal choices you make in class. You will also analyze how economic incentives can affect behavior."

This site provides a definition, examples, and applications for the concept of "opportunity cost."

Students will apply the concepts of scarcity, choice, and opportunity costs using a production possibilities curve. Students will interpret points inside and outside the curve. As an extension, students will see the relationship between...

This lesson analyzes the costs and benefits of homeownership and asks the student to describe the factors that affect affordability, use cost-benefit analysis and knowledge of home-buying procedures to reduce the costs, analyze the...