Economic Choices
Economic Choices
Jan 03, 2016
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?. - PowerPoint PPT Presentation
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Economic Choices
Content ObjectiveToday I will evaluate economic choices and opportunity costs by answering several comprehension questions.
Warm upWhat is a trade-off of attending college versus joining the workforce after high school?
If you were given $100, how would you spend it?
Opportunity CostThe cost of the next-best alternative
What is the OC of your $100 purchase?
What is the OC of facebooking?
Cost-benefit analysisCompares the cost of an action to its benefits
Think, pair, share: Do a cost-benefit analysis for purchasing a home versus renting a home.
Page 18: 1 and 2 Adam Smith
Page 26: 1 and 2The Gap
Page 27: Review
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