Grade 3-5, 6-8, 9-12
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Video

Opportunity Cost Video and Quiz

Time: 20 mins,
Updated: August 31 2023,
Teacher Version
Objective Standards Summary Description Resources
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Objective

Students will be able to:

  • Understand the concept of opportunity cost.

Standards

State Standards

Concepts

Choice, Cost and Benefits, Cost-Benefit Analysis 1, Decision Making 1, Marginal Analysis 1, Marginal Analysis 2, Opportunity Cost 1, Opportunity Cost 2, PPC 1, PPC 2, Scarcity 1, Scarcity 2, Scarcity 3, Scarcity 4, Wants and Needs 1

In this economics video, students will learn about opportunity cost and play a Kahoot! game.

Description

This video teaches the concept of opportunity cost. Opportunity cost is what you must give up to obtain something else, the second-best alternative. Play the Kahoot! game to test your skills! This multi-player quiz game reviews the concepts discussed in the video.

Resources

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