Opportunity Costs: What is My Best Alternative?

Overview:

In this lesson, we will introduce students to the concept of opportunity costs. Using the article “Olivia Mitchell on Why Young Consumers Should Just Say No to Spending,” students will compare the value of mutually exclusive choices. In particular, students will look at the relationship between post-secondary education and income in order to understand the true cost of career choices.

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

Lesson Plan Details:

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