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

Opportunity Cost Video and Quiz

Time: 20 mins,
Updated: April 8 2019,
Author: , Council for Economic Education
Teacher Version
Student Version
Objective Standards Summary Resources
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Objective

Students will be able to:

  • Understand the concept of opportunity cost.

Standards

State Standards

Concepts

Choice, Decision Making/Cost-Benefit Analysis, Opportunity Cost

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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