Included in this interactive are two videos on costs and benefits, which are based on one of the lessons from the Capstone: Exemplary Lessons for High School Economics® publication. Lesson 1: Economic Reasoning: Why Are We A Nation of Couch Potatoes? introduces students to the basic economic problems of scarce resources, unlimited wants, the need to choose among alternatives, the consequences of cost, and the importance of incentives. The introduction video is of an educator describing how she teaches the lesson in her classroom. The classroom video is a demonstration of the lesson being taught to students.

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Key Concepts

Choice, Economic Systems, Incentive, Opportunity Cost, Future Consequences, Voluntary Trade

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