Grade 9-12
,
Lesson

Opportunity Cost

Time: 45 mins,
Updated: August 14 2023,
Author: Jeff SansonBrian Page

Objective

Students will be able to:

  • Define values and describe how values inform criteria in a spending decision.
  • Define opportunity cost and evaluate the opportunity cost of a spending decision.
  • Define delayed and instant gratification, and explain how each influences current and future spending choices and opportunities.