Nearpod version available
Grade 9-12
,
Lesson
Using Slope to Compute Opportunity Cost
Objective
Students will be able to:
- Define slope and opportunity cost.
- Compute the slope between two points.
- Use slope to interpret opportunity cost.
Standard
National Standards in Economics
Scarcity
Standard: 1
- Students will understand that: Productive resources are limited. Therefore, people cannot have all the goods and services they want; as a result, they must choose some things and give up others.
- Students will be able to use this knowledge to: Identify what they gain and what they give up when they make choices.
![](https://preview2.econedlink.org/wp-content/uploads/legacy/EconEdLink-1207-.jpg 1w)
In this personal finance lesson, students will investigate opportunity cost by using slope.
Resources
Procedure
Click NEARPOD VERSION: USING SLOPE TO COMPUTER OPPORTUNITY COST to access an interactive version of the lesson powered by Nearpod: students interact and respond to questions on their device, and teachers will see their responses in real time!