At The Margins: What Is Something Worth to You?

Overview:

In this lesson, we will introduce students to several fundamental concepts, including: utility, choice, marginal cost and marginal benefit. Using the article “Christopher Bolden-Newsome: The Fight for Food Justice,” we will look at how economists understand individual choices. In particular, students will think about costs and benefits from the perspective of a local farmer’s market.

NBEA Standard(s):
  • Economics, I. Allocation of Resources
  • Personal Finance, I. Personal Decision Making

Lesson Plan Details:

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