Download
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

Feeling inspired? Share these insights on social.