Scarcity, Choices, & Opportunity Costs

Economics in the Making= Opportunity Costs

Introduction

Hi Second Grade Economy Explorers!

For this module, we’ll be learning about scarcity, choices and opportunity costs. You've already learned a little about this topic during Reading. We’ll be discussing and learning more about the ways this concept (idea) affects 2nd graders. We’ll also review a little about the economics you learned in kindergarten and first grade. Let’s explore some information about why, all of us - kids and grown-ups, need to learn about opportunity costs.

Today you will need to do the following steps in order to complete the assignment:

Watch the "Bebe the Parrot Opportunity Costs" video.
Complete the interactive - Economic Choices.

Video

Watch the video to learn more about shopping and opportunity costs.

Interactive

Complete the interactive on economic choices.

Video provided by PBS Learning Media

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