Behavioral Economics Lesson Three – Loss Aversion, Endowment Effects, and Default Bias

Updated: November 11 2016,

Standards

Grades K-2, 3-5

The students will explore the ideas of scarcity and choices by exploring a virtual model of the Mayflower. They will...

Key Concepts: Choice, Scarcity

Lesson

Grades 9-12

In this economics lesson, students will review the health systems of United States and Canada.

Key Concepts: Business Costs and Revenues, Choice, Decision Making/Cost-Benefit Analysis…

45 mins

Lesson

Grades 9-12

In this economics lesson, students will use a production possibilities curve to learn about scarcity and opportunity cost.

Key Concepts: Choice, Decision Making/Cost-Benefit Analysis, Scarcity

45 mins

Lesson

Grades 3-5, 6-8, 9-12

In this economics video, students will learn about opportunity cost and play a Kahoot! game.

Key Concepts: Choice, Decision Making/Cost-Benefit Analysis, Opportunity Cost

20 mins

Video

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