Council for Economic Education
Opportunity Cost
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...
Curated OER
Identifying Opportunity Cost
Students work together to examine the concept of opportunity costs. They complete a practice problem and solve other problems during the class period. They share their solutions with the class.
Federal Reserve Bank
Choices Are Everywhere: Why Can’t We Just Have It All?
Here is a resource covering a range of terms and concepts regarding scarcity, opportunity cost, and government debt in economics.
US Department of Commerce
The Opportunity Atlas
The American dream is to climb the social and economic ladder, but is it really possible? Using an online opportunity atlas, class members explore income and social mobility throughout the country. Discussion prompts allow learners to...
Curated OER
Globalization: Threat or Opportunity for the U.S. Economy?
Students study the pros and cons of globalization. They highlight the economic concepts of comparative advantage, specialization, and opportunity cost. They read and discuss the "FRBSF Economic Letter: Globalization: Threat or...
Elizabeth Murray Project
Gender and Opportunity in Colonial America
What was life like for women in Colonial America? What restrictions were placed upon them and what opportunities were they afforded? A case study of Elizabeth Murray offers high schoolers a chance to investigate primary source documents...
Curated OER
Susan's Choice
Young economists explore opportunity cost by counting how much money Susan has in her piggy bank. From here, they are challenged to help Susan make a choice about what she can buy with her money.
Curated OER
Opportunity Cost
Students review the concept of opportunity cost. Using a clip from a money, they identify the people who made a choice and the value of the choice given up. They read various scenarios about opportunity costs and trade-offs and make...
Curated OER
Opportunity Cost
Students study what opportunity cost is and why it is important to their lives.
Curated OER
Scarcity and Opportunity Cost - To Choose Is To Refuse
Students are introduced to scarcity and opportunity costs. They discuss how different societies allocate their resources differently based on their needs. Illustrating trade offs, they create a production possibility frontier. They...
Curated OER
Production Possibilities & Opportunity Cost
In this economics worksheet, 12th graders respond to 15 multiple choice questions about production possiblities and opportunity costs.
Curated OER
Location of Resources in Early Civilizations
Sixth graders define scarcity and opportunity costs.
Curated OER
Economics Study Guide
Use this resource as a basic review of economic principles. There are six questions relating to the factors of production, opportunity costs, wants and needs, tangibles and intangibles, and more.
Federal Reserve Bank
The Legacy of the Olympics: Economic Burden or Boon?
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...
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
Franchise Opportunity
Students identify and evaluate franchise as a business opportunity. Lesson is culminating project in a business course.
Curated OER
Trade Creates Opportunities
Students examine how trade can create economic opportunities and can be a impetus for social change. They research the "Asian Tigers" and design a class presentation.
Curated OER
Tarantula Shoes
Students read a book about Ryan O'Keefe, a young man who wants a pair of basketball shoes promoted by a basketball star. They explore about spending, saving, opportunity cost, and trade-offs as they study Ryan's decisions throughout the...
Council for Economic Education
Timing Is Everything
Learners discuss the incentives and opportunity costs of spending vs. saving. They follow an interactive website which shows them the how much money they could end up with by saving instead of spending.
Curated OER
Why Nations Trade
Students discuss international trade. In this trade lesson, students read about comparative advantage and the benefits of international trade. Students perform a skills test to determine their individual specialization areas and write...
Curated OER
Money situations
In this money situations worksheet, students read money word problems and then list the benefit, opportunity cost, risks, and responsibilities for each one. Students do this for 6 questions.
Curated OER
Give and Take
Students analyze a scheduling dilemma. In this opportunity cost and trade-offs instructional activity, students must schedule the school gym for basketball games, but there are not enough hours for all the games. Groups determine how...
Curated OER
Something from Nothing
Students identify opportunity costs. In this resources lesson plan students are read the story Something from Nothing by Phoebe Gilman. Students list the things Grandpa makes Joseph. Students state why people make choices.
Curated OER
Creating Volunteers
Students discuss the benefits of volunteering. In this creating volunteers lesson, students consider philanthropic actions and opportunity costs. Students create a song and visual aid about being a volunteer.
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