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 worldwide competitions.

Concepts

opportunity cost, the olympic games

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Additional Tags

opportunity cost, olympics, implicit benefits, explicit benefits, social studies

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Instructional Ideas

• Incorporate the lesson into your curriculum after covering the concept of opportunity cost

Pros

• Relevant and engaging topic
• Worksheet directly complements reading material

Cons

• None

Common Core

RH.11-12.1 RH.11-12.2 RH.11-12.4