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Lesson Plan

Foundation for Teaching Economics: Lesson 2: Opportunity Cost and Incentives

Curated by ACT

This lesson covers the National Content Standard 2: Marginal Decision Making. It provides key terms and concepts around scarcity forces, changing opportunity costs which affect incentives and choices. It includes links to a teacher's guide and PowerPoint slides.

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Concepts
opportunity cost, microeconomics
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Additional Tags
marginal benefits, supply incentives, foundation for teaching economics, foundation for teaching economics: lesson 2: opportunity cost and incentives, national content standard 2: marginal decision making, opportunity cost and incentives
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Classroom Considerations
  • Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional