Lesson 2: Scarcity, Choice, and Opportunity Cost
Duration of Days: 3
Lesson Objective
Students will apply the concept of opportunity cost to individual, business, and government decisions.
Why must all choices involve trade-offs? How does opportunity cost differ from monetary cost?
C3 D2.Eco.2.9-12; CCSS WHST.11-12.1
Students analyze decision-making scenarios to understand trade-offs. This lesson grounds all future economic thinking. DOK Level: 3 (Strategic Thinking).
Provide choice matrices, small-group discussion, real-life teen-based scenarios.
Short written response applying opportunity cost.