Details
Pages
12 Pages
Subject
Economics, Macroeconomics, Other
Languages
English
Product
Digital
Grade
9th, 10th, 11th, 12th
Resource Type
Activities, Assignments, Lectures
Standard
Not standard specific
Description
This lesson reviews the concept of scarcity and introduces the idea of opportunity cost in decision making. This is a foundational concept of Ecnomics and is meant to lay groundwork for a course.
The lesson includes notes, an activity to demonstrate the concept of opportunity cost, a video of Milton Friedman introducing the concept of "There's No Such Thing as a Free Lunch" for discussion. This lesson can be paried with the "Opportunity Cost Opinion Piece" assignment.
The lesson includes notes, an activity to demonstrate the concept of opportunity cost, a video of Milton Friedman introducing the concept of "There's No Such Thing as a Free Lunch" for discussion. This lesson can be paried with the "Opportunity Cost Opinion Piece" assignment.
This lesson reviews the concept of scarcity and introduces the idea of opportunity cost in decision making. This is a foundational concept of Ecnomics and is meant to lay groundwork for a course. The lesson includes notes, an activity to... more
0.0 (0) | @brooke-healy 
