Curated OER
Location of Resources in Early Civilizations
Sixth graders define scarcity and opportunity costs.
Curated OER
Economics Worksheet: Opportunity Costs
In this economics worksheet, students use their problem solving skills to calculate opportunity costs and graph their calculations.
Curated OER
Is the Tassle Worth the Hassle?
Students analyze the costs of college education. In this economics lesson, students discuss the concept of opportunity cost as it relates to obtaining a college degree to secure a job.
PBS
America's Infrastructure: Miller Center National Discussion Debate Series
Junior high and high school learners study infrastructure and its relationship to the current economy. They review handouts, watch a PBS clip, and review case studies in order to answer provided questions and role play over their views...
Curated OER
Credit: Buy Now & Pay Later
Students examine credit and how it works. In this financial literacy lesson, students review the pros and cons of credit in order to purchase goods and services by answering provided questions and working within a group to come up with a...
Curated OER
The REAL Cost of College
Students explore the cost of college and how to plan and save. In this money management lesson students do research on the cost of college, learn about making financial choices, earning, spending, saving, investing and how they apply to...
Curated OER
Financial Planning for Catastrophe
Students examine the case of The Gulf Coast and relate it financial importance. In this financial planning lesson plan, students watch a video and then begin to analyze how to plan for the unexpected by reviewing the financial components...
Curated OER
Rebuild Your Community
Students explore the Gulf Coast disaster and what it took to rebuild the community surrounding it. In this economic development lesson, students watch a video from the Nightly Business Report and explore what all it takes to make up a...
Curated OER
Economics Unit I - The Basics
Twelfth graders access how scarcity requires individuals and institutions to make choices about how to use available resources. They explore the characteristics of different economic systems and institutions. Student are able to describe...
Curated OER
What's In It For Me?
Students analyze the costs and benefits that are involved with owning a business. They create their own decision making grid and identify their trade-offs. They also identify the opportunity costs involved in owning their own business.
Curated OER
Banking on the Future: Penny Drive
Students study why philanthropy is needed and learn to complete a penny drive. In this philanthropy lesson, students learn the need to invest money for future purposes and identify a cause in the community to hold a penny drive for.
Georgia Department of Education
Ga Virtual Learning: Economics: International Economics: Trade and Currency
Economics learning module on international trade and currency. Unit includes multi-media resources, assignments, projects and tests.
Sophia Learning
Sophia: The Production Possibilities Frontier
Through a series of videos and notes, lesson gives students a better understanding of the production possibilities curve and how it applies to economics.
Other
Federal Reserve Bank of Boston: The Economics of Pro Team Sports
Great interactive baseball game that combines your knowledge of economics and pro sports trivia. After completing the nine innings, you should have a better understanding of how economics is used in everyday life.
Other
Federal Reserve Bank of Richmond: My Money
A PDF student workbook to teach elementary students about money, including values of coins, opportunity costs, and goods and services.
Other
Finra Investor Education Foundation: Opportunity Costs
This lesson plan introduces the concept of opportunity costs. Show students there is always a price paid when choices are made.
Wikimedia
Wikipedia: There Ain't No Such Thing as a Free Lunch (Tanstaafl)
This on-line encyclopedia provides the definition of the economic acronym "TANSTAAFL," which is a way to explain opportunity cost.
Other
The Production Possibilities Frontier
This site shows an good example of opportunity costs along with related production possibilities curves.
Other
Opportunity Cost
This site provides a definition, examples, and applications for the concept of "opportunity cost."
Other
Michigan Department of Agriculture: Risks vs Benefits in Food Production [Pdf]
Michigan Department of Agriculture provides this site that teaches students about the risks and benefits involved with food production. Includes a detailed lesson plan along with a list of terms and definitions. Gives great background...
Other
Treasury Direct: Money Math: Secret of Becoming a Millionaire [Pdf]
This lesson focuses on understanding fractions, decimals and percentages as the math skills, and saving money and compounding interest as the economic skills. [PDF]
Federal Reserve Bank
Federal Reserve Bank of Minneapolis: Why Johnny Can't Choose
If you don't know what the economy is or how it works, this site is for you. It is broken into subsections that make it easy to understand the economy.
Council for Economic Education
Econ Ed Link: Opportunity Cost of a Lifetime
This lesson encourages students to define opportunity cost, determine the the opportunity cost and trade-offs for certain decisions, and select criteria important for decision making.
Council for Economic Education
Econ Ed Link: Lessons: Little Star's Problem
Lesson that helps student understand the decision-making process and introduces the concept of cost. Students listen to a story and take a short quiz. Includes links to the story and the quiz.