Activity 01
The Choice is Yours
Give each student a small budget (e.g., five tokens) and set up a 'store' with items at different prices. Students must choose what to buy, then write down what they purchased and the next best item they had to give up (the opportunity cost).
Identify the natural, human, and capital resources needed to produce a pencil.
Facilitation TipUse tangible items like stickers, pencils, or small toys to make the choices and costs feel more real.
What to look forUse an exit ticket where students must answer: 'Name a choice you made today and identify its opportunity cost.'