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Economic Choices

Economic Choices. Content Objective. Today I will evaluate economic choices and opportunity costs by answering several comprehension questions. Warm up. What is a trade-off of attending college versus joining the workforce after high school? If you were given $100, how would you spend it?.

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Economic Choices

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  1. Economic Choices

  2. Content Objective • Today I will evaluate economic choices and opportunity costs by answering several comprehension questions.

  3. Warm up • What is a trade-off of attending college versus joining the workforce after high school? • If you were given $100, how would you spend it?

  4. Opportunity Cost • The cost of the next-best alternative • What is the OC of your $100 purchase? • What is the OC of facebooking?

  5. Cost-benefit analysis • Compares the cost of an action to its benefits • Think, pair, share: Do a cost-benefit analysis for purchasing a home versus renting a home.

  6. Exit ticket • Page 18: 1 and 2 Adam Smith • Page 26: 1 and 2 The Gap • Page 27: Review

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