Scarcity and Opportunity Cost
Introduce the term "scarcity".
Welcome to the new Federal Reserve Education website. Register an account and start saving favorite resources!
Back to All
New!
Lessons & Activities
46-60 min
The Berenstain Bears: Get the Gimmies
OVERVIEW
In this lesson, students hear a story about Brother and Sister Bear. Using this story, students will make a choice, identify the problem of scarcity, and recognize their opportunity cost.
Related Resources
VIDEO Q&A
0-15 MIN
LESSONS & ACTIVITIES
46-60 MIN
Tortilla Factory
Differentiate between productive resources and intermediate goods.
LESSONS & ACTIVITIES
46-60 MIN
Betty Bunny Wants Everything (Lesson 1)
Learn about wants, choice, and scarcity.
LESSONS & ACTIVITIES
31-45 MIN
Nizzy and Cooper's ABC Adventure (Lesson 2)
Students learn what goods and services are.
LESSONS & ACTIVITIES
46-60 MIN
Production Profit and Loss
Calculate total revenue and profit or loss.
LESSONS & ACTIVITIES
46-60 MIN
Something From Nothing
Students make a choice and state the opportunity cost of their decisions.
