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

Lesson

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…

Content Partner

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

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

Activity

Content Partner

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

Video

Scarcity Video and Quiz

In this economics video, students will learn about scarcity and play a Kahoot! game.
Key Concepts: Allocation, Allocation, Allocation…

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