Collection
Teaching the Fundamentals: Scarcity, Opportunity Cost, and Decision Making for High School

Lesson

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Grades 9-12

Decision Making

In this personal finance lesson, students will use a five-step model to learn about decision making.
Key Concepts: Decision Making/Cost-Benefit Analysis, Opportunity Cost, Scarcity
45 mins
Lesson

Grades 9-12

Production Possibilities Curve

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 9-12

You're Going to College

In this personal finance lesson, students will explore the cost of a college education to make more informed choices.
Key Concepts: Decision Making/Cost-Benefit Analysis
60 mins
Lesson

Grades 6-8, 9-12

Sand Art Brownies

In this lesson, you will learn about substitute goods. You will have choices to make in your role as a...
Key Concepts: Decision Making/Cost-Benefit Analysis, Scarcity
Lesson

Activity

Grades 6-8, 9-12

You Decide - Money Allocation Game

Let your students allocate $20,000 money to these repair jobs based on how important they are in the area!
Key Concepts: Money Management, Opportunity Cost, Scarcity…
Activity

Video

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

Scarcity Video and Quiz

In this economics video, students will learn about scarcity and play a Kahoot! game.
Key Concepts: Economic Systems, Goods and Services, Scarcity
10 mins
Video

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

Opportunity Cost Video and Quiz

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