Happy EconEdMonth! Celebrate economics all month long by visiting EconEdMonth.org

Grade 9-12
,
On-Demand Webinar

Economics 102: Opportunity Cost, Marginal Thinking, Cost-Benefit Analysis, Comparative Advantage

Time: 60 minutes,
Presenter: Amanda Stiglbauer
Teacher Version
Objective Standards Summary Description Resources
Print

Objective

Teachers will be able to:

  • Understand concepts of opportunity cost, marginal thinking, cost-benefit-analysis, and comparative advantage.
  • Learn about activity based approaches, many using food, to teach opportunity cost, cost-benefit analysis, and comparative advantage.
  • Learn best practices and share their best practices in teaching important economic concepts.

Standards

State Standards

Concepts

Benefits of Trade/Comparative Advantage, Comparative Advantage, Decision Making/Cost-Benefit Analysis, Opportunity Cost

This video is available to view for EconEdLink members only.

In this economics webinar, teachers will learn concepts on opportunity cost, marginal analysis, and comparative advantage.

Description

This webinar will focus on interactive, fun approaches to teaching opportunity cost, marginal analysis, and comparative advantage. Many of the activities presented build student interest and engagement by using food and other hands-on learning activities! Teachers will have the opportunity to discuss their favorite activities and best practices in teaching these important economic concepts.

Resources

Subjects:

Related Resources

Grades 6-8, 9-12

Continental Drift and Comparative Advantage

Combine your economics and geography lessons in this activity that has students reviewing continental drift and the continents of Laurasia...
Key Concepts: Absolute Advantage, Benefits of Trade/Comparative Advantage
60 min
Lesson

Content Partner

Grades 6-8, 9-12

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, Opportunity Cost, Saving
45 min
Activity

Grades 6-8, 9-12

Comparative Advantage Interactive

In this economics interactive, students will be able to explore the benefits of specialization and trade. 
Key Concepts: Comparative Advantage
15 mins
Activity

Grades 9-12

Does Self-Interest Prevent Economic Justice?

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
60 mins
Lesson