Grades 9-12
Grade 3-5
,
Video
Opportunity Cost – Playful Economics | Lesson Demo
Updated: February 8 2016,
Author: barrel jason
Standards
Using play dough is a fun way to introduce new economic concepts and to keep your students engaged. In this video, Shanan Riegle, an award-winning teacher from Yorktown Elementary School in Indiana, demonstrates the Opportunity Cost lesson from Playful Economics by Harlan Day. Playful Economics is a collection of 15 hands-on lessons that use modeling clay to teach economic concepts from goods and services to GDP and inflation. For more information or to purchase this publication, please visit CEE’s https://store.councilforeconed.org/.
Related Resources
In Lesson #7 0f the Ethics, Economics, and Social Issues curriculum, students explore basic ideas of justice by examing government...
Key Concepts: Decision Making/Cost-Benefit Analysis, Incentives, Veil of Ignorance
Key Concepts: Decision Making/Cost-Benefit Analysis, Employment and Unemployment
45 min
Lesson
Grades 9-12
Do Businesses Have Social Responsibility?
In Lesson #6 of the Ethics, Economics, and Social Issues curriculum, students will participate in a simulation and discussion to...
Key Concepts: Business Costs and Revenues, Decision Making/Cost-Benefit Analysis, Profit
45 min
Lesson
Grades 9-12
How Does Information and Ethics Impact Decision Making?
In Lesson #3 from the "Ethics, Economics, and Social Issues" curriculum, students will play the role of a medical professional...
Key Concepts: asymmetric information, Decision Making/Cost-Benefit Analysis, Incentives
60 min
Lesson