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

Lesson

Grades 3-5, 6-8

Willy Wonka Allocates Golden Tickets

In this lesson,  students review scarcity and ways to allocate scarce resources (like golden tickets), taking the perspective of the...
Key Concepts: Allocation, Allocation, Allocation…
45 mins
Lesson

Content Partner

Grades 3-5, 6-8

Costs and Benefits of Beans' Decisions

In this economics lesson, students will make decisions using a cost-benefit analysis.
Key Concepts: Cost-Benefit Analysis, Marginal Analysis
45 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: Scarcity
Lesson

Activity

Content Partner

Grades 3-5, 6-8

PBS-NOVA Financial Lab

Managing money is hard! Even when you know what you should do, it can be hard to actually do it....
Key Concepts: Budgeting/Money Managment
45 min
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: Allocation, Allocation, Allocation…
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: Cost-Benefit Analysis, Marginal Analysis
20 mins
Video