Every Choice Has a Price: Exploring opportunity cost
Topic Based Activity - Topics: Economics, Opportunity Cost
Description: Students explore real-life decisions and identify the opportunity cost involved, before applying this understanding to a business scenario to strengthen their decision-making skills.
Opportunity cost is important to understand because it helps students recognise that every decision involves a trade-off. By understanding what is given up when a choice is made, students develop the ability to weigh alternatives and justify their decisions more effectively.
What You Get:
Teacher Notes
Presentation Slides
Every Choice Has a Price: Exploring opportunity cost
Topic Based Activity - Topics: Economics, Opportunity Cost
Description: Students explore real-life decisions and identify the opportunity cost involved, before applying this understanding to a business scenario to strengthen their decision-making skills.
Opportunity cost is important to understand because it helps students recognise that every decision involves a trade-off. By understanding what is given up when a choice is made, students develop the ability to weigh alternatives and justify their decisions more effectively.
What You Get:
Teacher Notes
Presentation Slides
