Episode 1: Opportunity Cost

This Episode 1: Opportunity Cost audio also includes:

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. Historians weigh how buying one item takes money, time, and energy that could be used to gain something else, showing individuals that the concept of choice and cost causes pause when making everyday choices! 

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CCSS: Adaptable
Instructional Ideas
  • Have the class brainstorm choices they made throughout the day and the cost of those choices
  • Create an assignment where students analyze five personal decisions from the day to determine opportunity cost
Classroom Considerations
  • Class needs to be registered at Econ Lowdown portal to use the materials 
Pros
  • Audio and video podcasts available for differentiated instruction 
  • Lesson includes written transcripts to distribute as a hard copy 
Cons