Texas Education Agency
Texas Gateway: Ch. 2: Choice in a World of Scarcity: Critical Thinking Questions
This is a list of five critical thinking questions based on content presented in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Key Concepts & Summary
This section focuses on the key concepts and a summary of macroeconomics covered in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Problems
This page poses a situation which is followed by four problems to solve. They are based on information in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Review Questions
This is a set of 11 review questions based on the content covered in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Self Check Questions
This is a list of seven self-check questions covering the content presented in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
Texas Education Agency
Texas Gateway: Ap Macroeconomics: Introduction to Choice in a World of Scarcity
In this chapter, you will learn about how individuals make choices based on their budget constraints, the production possibilities frontier and social choices, and confronting objections to the economic approach.
Khan Academy
Khan Academy: Lesson Summary: Scarcity, Choice, and Opportunity Costs
An introduction to the concepts of scarcity, choice, and opportunity cost.
Tutor2u
Tutor2 U: Economics: Scarcity and Choices
This website offers a simple examination of scarcity, finite resources, and needs vs wants.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Key Terms
This is a list of key terms and definitions covered in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
Council for Economic Education
Econ Ed Link: Off to Interactive Island
This site is a lesson that teaches learners about scarcity and choice. Students participate in a simulation where they are asked to make choices about what they want to take with them in order to survive.
Texas Education Agency
Texas Gateway: The Production Possibilities Frontier and Social Choices
By the end of this section, you will be able to interpret production possibilities frontier graphs, contrast a budget constraint and a production possibilities frontier, explain the relationship between a production possibilities...
Council for Economic Education
Econ Ed Link: Scarcity With the Lewis and Clark Expedition (Teacher Version)
The Lewis and Clark expedition was filled with scarcity issues. They made life and death choices based on scarcity. In this lesson, you will travel back to the early 1800's in a time machine and travel with Lewis and Clark. See if you...
Council for Economic Education
Econ Ed Link: No Extra Room on the Mayflower
The students will explore the ideas of scarcity and choices by exploring a virtual model of the Mayflower. They will then pack a virtual suitcase making good choices about what they pack.
Khan Academy
Khan Academy: The Production Possibilities Frontier
The Production Possibilities Frontier (PPF) is a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology. The PPF captures the concepts of scarcity, choice, and...
Council for Economic Education
Econ Ed Link: Paraffin Alia
All resources are limited. It is this simple fact--scarcity--that forces us to make decisions. When we do make a choice, we pass up some other opportunity. Opportunity cost is defined as the next best alternative not chosen, or the...
Council for Economic Education
Econ Ed Link: You Decide!
Think about a difficult decision you have had to make. After you decided did it work out? Why or why not? Why do you think decisions and choices are hard to make? We make personal decisions and we make decisions as groups. There is a...
Council for Economic Education
Econ Ed Link: Production Possibilities Curve
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...
Council for Economic Education
Econ Ed Link: You Can Bank on This! (Part 2)
As in the first ', You Can BANK on This, you will learn that banking should not be confusing - it should be INTERESTING! Lesson Two will continue learning with Zing, but this time we will learn all about budgeting - and budgeting means...
Council for Economic Education
Econ Ed Link: Destination: Mars
Look up! Can you ever imagine standing on another planet and looking down at earth? We've been to the moon - now lets launch an expedition to Mars. Imagine all the preparation you will have to go through in order to have a safe and...
Council for Economic Education
Econ Ed Link: Economic Spotter: Resources During Wwii
This is a lesson plan that deals with scarcity during WWII. Natural, human, and capital resources are discussed.
Council for Economic Education
Econ Ed Link: Scarcity With the Lewis & Clark Expedition (Student Version)
Use this EconEdLink intermediate activity to teach your learners about the concept of scarcity. Allow students to use the interactive simulation of the Lewis and Clark Expedition to demonstrate their ability to make sound decisions in...
Council for Economic Education
Econ Ed Link: I Can Dream Anything!
Go to this site for fun activities and a great lesson plan on personal choices and specialization. This lesson plan provides the primary teacher with an excellent opportunity to incorporate a character education lesson plan on...
Khan Academy
Khan Academy: Complexity and the Future
Will our descendants enjoy lives that are richer, more fulfilled, healthier, and in general better than those of today? Or will human societies collapse under the strain of depleted resources, brutal conflicts, and environmental damage?...
Council for Economic Education
Econ Ed Link: Rationalizing Transplants
This lesson encourages students to explain the consequences of a non-market rationing process, to evaluate the consequences of restricting organ transplants to U.S. citizens, and to suggest alternative policies to reduce the scarcity of...