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What Is Opportunity Cost?

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What Is Opportunity Cost?

Grades 9 - 12

45 Minutes

Overview

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What Is Opportunity Cost?

More from this collaborator

Grades 9 - 12

45 Minutes

Learning Standards: Common Core (ELA)

Overview

This activity explores the concept of opportunity cost in the context of choosing a summer job. Students discuss the opportunity costs of making a decision in a fictional scenario and watch a video that explains the basic concepts of opportunity costs. They then break into small groups and identify the opportunity costs of different summer job opportunities. They wrap up the activity with a group discussion about opportunity costs.

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