Scarcity and Opportunity Cost
Introduce the term "scarcity".
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Lessons & Activities
46-60 min
Tortilla Factory
OVERVIEW
In this lesson, students learn about the difference between productive resources and intermediate goods through an assignment where they make a paper taco based on their teacher’s demonstration. They then classify resources mentioned in the story Tortilla Factory.
Related Resources
VIDEO Q&A
0-15 MIN
LESSONS & ACTIVITIES
46-60 MIN
Betty Bunny Wants Everything (Lesson 1)
Learn about wants, choice, and scarcity.
CURRICULUM UNITS
The Bridge Home
Introduce basic economic concepts like decision-making, opportunity cost, and employment.
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
The Berenstain Bears: Get the Gimmies
Identify the problem of scarcity, and recognize their opportunity cost.
