Scarcity and Opportunity Cost
Introduce the term "scarcity".
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Lessons & Activities
46-60 min
Uncle Jed's Barbershop
OVERVIEW
This activity uses Uncle Jed's Barbershop to understand concepts like saving and opportunity cost. The students participate in a card game to further investigate what it takes to reach a savings goal.
Related Resources
VIDEO Q&A
0-15 MIN
LESSONS & ACTIVITIES
Fifty Nifty Econ Cards
Use these vocabulary cards in your classroom to make economics and personal finance fun!
CURRICULUM UNITS
The Bridge Home
Introduce basic economic concepts like decision-making, opportunity cost, and employment.
LESSONS & ACTIVITIES
46-60 MIN
Tortilla Factory
Differentiate between productive resources and intermediate goods.
LESSONS & ACTIVITIES
31-45 MIN
Rock, Brock, and the Savings Shock
Learn about decision-making, scarcity and opportunity cost.
LESSONS & ACTIVITIES
46-60 MIN
Betty Bunny Wants Everything (Lesson 1)
Learn about wants, choice, and scarcity.
