Theme 2 Lesson 4:
Money Lets Us Choose

The students listen to a short story that introduces difficulties involved in making choices. Using a grid, the students discuss costs and benefits as they make choices. (The class uses an apron as a prop in making decisions, here and in future lessons.) The lesson introduces the concept of opportunity cost, defined as the best alternative given up when a choice is made.

Visuals & Activities


  • Spend
  • Costs
  • Choice
  • Opportunity Cost
  • Spending
  • Saving
  • Cost
  • Benefit
  • Decision

Standards in Economics and Personal Finance

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