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Lesson Plan

Econ Ed Link: It's a Matter of Power

Curated by ACT

Students examine tradeoffs and profit- maximization decisions in the case study of Kaiser Aluminum, which decided to shut down aluminum production in favor of reselling electricity.

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Concepts
cost, opportunity cost
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Additional Tags
benefit analysis, council for economic education, decision making, econedlink: it's a matter of power, incentive, profit motive, trade-off, decision making model
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Classroom Considerations
  • Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional