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.
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VIDEO Q&A
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LESSONS & ACTIVITIES
46-60 MIN
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Learn about wants, choice, and scarcity.
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Nizzy and Cooper's ABC Adventure (Lesson 2)
Students learn what goods and services are.
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Production Profit and Loss
Calculate total revenue and profit or loss.
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The Berenstain Bears: Get the Gimmies
Identify the problem of scarcity, and recognize their opportunity cost.
LESSONS & ACTIVITIES
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Something From Nothing
Students make a choice and state the opportunity cost of their decisions.
