Topics
Opportunity cost
The cost of any choice in terms of the next best alternative sacrificed.
Opportunity costs describe the unavoidable trade-offs in the presence of scarcity: satisfying one objective more means satisfying other objectives less
-
Opportunity Cost
Study Notes
-
Nature of Economics - Introductory Concepts
Study Notes
-
Teaching Activity - Basic Economic Concepts Knowledge Retrieval Questions
Teaching Activities
-
Teaching Activity | Economic Options and Choices (Scarcity and Opportunity Cost)
Teaching Activities
-
Basic Economic Problem - Revision Video Playlist
Topic Videos
-
Himalayan villages face water crisis as glacial streams shrink
3rd August 2022
-
The Problem of Scarcity
Study Notes
-
Opportunity Cost - How Car Tires Displaced Thousands Of People
19th March 2022
-
Difference between Renewable Goods and Free Goods
Topic Videos
-
The Opportunity Cost of a pair of Apple AirPods
12th September 2016
-
Scarce Resources, Choices and Economic Systems
Study Presentations
-
PPF and Opportunity Cost
Topic Videos
-
Production Possibility Frontier
Topic Videos
-
Opportunity Cost: How much do I cost the NHS?
2nd September 2019
-
Comparative Advantage (Online Lesson)
Online Lessons
-
Scarcity and Opportunity Cost [Head Start in A-Level Economics]
Quizzes & Activities
-
Evaluating Supply Side Policies (Online Lesson)
Online Lessons
-
Introduction to Economics and the Operations of Markets - take the Yes/No challenge
Quizzes & Activities
-
Introduction to Economics - 60 Second Challenge (Knowledge Retrieval Activity)
Quizzes & Activities
-
Opportunity Cost - Two Applied Examples
Topic Videos
-
Production Possibility Frontiers
Study Presentations
-
Foundations of Economics - 'Loose Change' activity
Quizzes & Activities
-
Production Possibility Frontier
Study Notes
-
Economic Foundations quiz - use this with new Economics students
4th September 2017
-
PPF and Increasing Opportunity Cost (MCQ Revision Questions)
Practice Exam Questions
-
The Economic Cost of Water Scarcity
8th April 2016
-
Opportunity Cost - Some Numerical Examples as a Worksheet
11th August 2015
-
NHS Treatment Price Tags - An Exercise for Students
31st August 2015