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Opportunity Cost Activity
This is a 2 day activity where students have to redisgn their school in groups. It is a fun activity that my students have always liked. They consider what the opportunity costs, tradeoff, and factors of production must be considered when redesigning the school
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Opportunity Cost Activity
This activity has students calculate opportunity cost by looking at various situations and applying economic principles to decide which option will result in the most economic gain.
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Business and Economics - Trade-Off and Opportunity Cost Activity
Trade-offs and what cost?Ugh! The Business and Economics curriculum is loaded with weird terms and complicated concepts. But it doesn’t have to be.You don’t have to work on Wall Street to teach your students about Trade-Offs and Opportunity Cost. You just need this ready to go resource pack.Your stu
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Scarcity and Opportunity Cost Activity
Teaching economics can be difficult. Start your students off right by building their comprehension of scarcity and opportunity cost with this engaging and multi-faceted activity! This activity includes: 1) This "Scarcity and Opportunity Cost" Activity includes 4 parts. It begins with a colorful gr
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Personal Finance - Lesson 2 - Opportunity Cost - Activities and PPT
An essential part of learning and studying is personal finance. This is an essential part of students learning and creating responsible members of society. This download will include 1 lessons of the 21 lessons on Personal Finance. Each lesson includes the following: - Lesson Plan - PPT overv
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Comparison Shopping and Opportunity Cost Activity Sheet
Use this activity sheet to engage students in a comparison shopping and opportunity cost scenario.
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Opportunity Cost Activity
Students will practice calculating opportunity cost and total cost.
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Opportunity Costs
Effectively teach your students the concepts of scarcity, opportunity costs, and economic interdependence with this engaging resource. Students do a close read of an original informational text before applying their knowledge to identify the opportunity costs, explaining how our choices affect other
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Scarcity, Choice, and Opportunity Cost Lesson
Everything you need to teach your students about scarcity, choices, and opportunity costs! This lesson comes with vocabulary cards, individual, whole group, and partner practice pages. It includes introduction activities as well as partner activities to help introduce the concept wth real life app
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Opportunity Cost - Scenario Cards
I used these cards during a Social Studies - Economics lesson. This makes a sometimes tricky topic fun, hands-on and engaging. Played like a scoot, students had to read the card and determine the economic benefit or the choice as well as the opportunity cost. They then need to fill in the chart
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OPPORTUNITY COST CUPCAKES-Updated
This is so much fun for the younger grades to learn about opportunity cost during a first, second, or third grade economics unit. It will require you to bring in some cupcakes and toppings, but it will motivate the students to learn and provide them a great example about making choices.Thank you fo
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Opportunity Cost - Flip Booklet
Opportunity Cost Flip Book The next page is a sample of the booklet I made with my students. I had them choose between Starbursts (2) and a snack size baggie of M&Ms (prepackaged). Students who picked M&Ms had to give up Starbursts and vice versa. For the other pages of the book, I had stu
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65 Ratings
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Opportunity Cost Ice Cream Sundae Task for Economics
The students will be given $5.00 to spend on an ice cream sundae. They must budget their money and then "purchase" the ice cream sundae to eat! After, they will answer questions about scarcity, opportunity cost, and benefits involved in this task. This task can be used as an exploration activity
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Economic Choice and Opportunity Cost
Students must make an economic choice and opportunity cost. Students make write which item was their economic choice and which item was their opportunity cost. They must explain why they made their choices.
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Economics: Opportunity Cost Candy Activity
This activity involves both candy and a group activity- some of the better learning tools available to us as educators! After experiencing and participating in this activity, students will be able to fully comprehend the concept of opportunity cost vs. trade-offs. It is very easy to run, and is
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Economics: Scarcity, Choice, and Opportunity Cost.
Practice or Assessment Questions! Start with Scarcity (4 senarios) and the choices that come with it (real life senarios that students can understand!) The next part is Senarios where students find the Scarcity, the Choices, the decision made, and the opportunity cost! Very effective for helping
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Opportunity Costs - Hands on 'Buying' Experience
Students will have the chance to 'buy' items after given an allotment of $5 in play money. They must make choices as to what they will buy; they will need to think about how making the choice to buy certain things means that they give up the opportunity to buy other things. This provides a hands-o
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Lemonade Stand Game to teach Supply and Demand and Opportunity Cost
This is an interactive guide students can use while they play the Lemonade Stand Game online. I use it with my students to teach opportunity cost, and supply and demand.
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ECONOMICS: Opportunity Cost Scenarios Lesson
Economics: Costs, Benefits, and Opportunity Cost" Overview: This is an economics reinforcement activity on costs, benefits and opportunity cost. Students will evaluate the costs and benefits in given scenarios in order to make the best decision. Students will also be able to recognize the opportu

Also included in: Economics Resources: A Bundle of Engaging Resources On Money And The Economy

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Operation Travel Agent (Part I): Budgeting, Planning, Opportunity Cost
"Congratulations on your new job as a travel agent! It is your job to plan and schedule vacation plans for your clients! Each family has different wants and budgets, so you need to plan carefully! You must stay within the family’s budget! Included in this package you will find the different options
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Opportunity Cost and Opportunity Benefit - Introductory Economic Concept
Opportunity Cost and Opportunity Benefit. I use this as a basic introduction to the concepts of opportunity cost/benefit. Most students think of "cost" in terms of money so this helps to introduce them to the other costs for decisions (i.e. time, energy, risk, etc.) Students read a short scenario
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Opportunity Cost of College Mini-Project
In this activity, students apply the concept of opportunity cost to the economic decision of going to college. They examine both the opportunity cost of going to a college of their choice, and not going to college. This worksheet takes students through a step by step process to calculate this cost.
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Opportunity Cost & Consumers
Concept: Opportunity Cost Definition: When you make a decision, the most valuable alternative you give up is your opportunity cost.
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Opportunity Cost Trail Mix
A great way to get students to experience opportunity costs first hand. Students create their own trail mix and analyze the costs, benefits and opportunity costs. Ingredient signs and "money" for transactions included.
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