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Making Smart Choices: Opportunity Cost in Daily Life
Economics · JC 2 · Personal Finance and Economic Systems · Semester 2

Making Smart Choices: Opportunity Cost in Daily Life

Students will apply the concept of opportunity cost to their own daily decisions, understanding that every choice means giving up something else.

MOE Syllabus OutcomesMOE: Decision-making Approach - Middle SchoolMOE: Basic Economic Concepts - Middle School

About This Topic

Students will apply the concept of opportunity cost to their own daily decisions, understanding that every choice means giving up something else.

Key Questions

  1. What do you give up when you choose to spend your money on one thing instead of another?
  2. How do you decide between studying for a test and playing a game?
  3. Why is it important to think about what you're giving up when you make a choice?

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Edited by Adriana Perusin, Editor-in-Chief, Flip Education
Synthesized by Flip Education from Lyman's Think-Pair-Share collaborative-discussion routine (1981)