Lesson Plan: Economics - Opportunity Costs

Designed for Grades: 11-12

Estimated Time: 50 minutes

National Standards: Complies with NBEA Economics 2023 Standard I.1 Assess opportunity costs and tradeoffs involved in making choices about how to use scarce economic resources

Objectives:

I.1.6. Define and give examples of trade-offs and the opportunity for personal choice.

I.1.10. Evaluate the economic trade-offs of alternatives for solving societal problems according to economic goals (e.g., economic growth equity, efficiency, security, employment, stability, and freedom).

Materials:

● Whiteboard or Smart Board

● Opportunity Costs for a Healthy Economy handouts

● Quiz (handout)

● Student Laptops with internet access