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

Lesson

Grades 6-8

"The Giver": Jonas Makes a Choice

Jonas, a twelve-year old, lives in a seemingly perfect futuristic world. His community protects him from all harm and in...
Key Concepts: Choice, Credit, Decision Making/Cost-Benefit Analysis…
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 3-5, 6-8

The Perfect Pet

In this economics interactive, students will learn about decision making while shopping for a fish.
Key Concepts: Decision Making, Economics
15 mins
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