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Grade K-2, 3-5
,
Lesson

Teach Opportunity Cost with “Uncle Jed’s Barbershop”

Time: 45 - 60 mins,
Updated: April 18 2024,
Author: Andrew Hill
Teacher Version
Objective Standards Summary Task List Process Conclusion Assessment Activity Extension Activity
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Objective

Students will be able to:

  • Define opportunity cost,
  • Identify the opportunity cost of a decision given two or more alternatives,
  • Define saving and savings goal,
  • Identify a savings goal
  • Explain that people must make spending and saving choices to meet goals.

Standards

National Standards in Economics

National Standards in Financial Literacy

State Standards

Common Core State Standards

Concepts

Decision Making/Cost-Benefit Analysis, Entrepreneurship, Saving

Task List

Not available at this time.

Process

Not available at this time.

Conclusion

Not available at this time.

Assessment Activity

Not available at this time.

Extension Activity

Not available at this time.

Subjects:
Economics,Business,Other

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