Opportunity Cost

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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

The Hidden Price Tag: Understanding Opportunity Cost

8th September 2026
Two Introductory Sims for Microeconomics

8th September 2026
Introduction to Microeconomics: Scarcity

1st September 2026
In the News Teaching Activity – How much would it cost to reduce ocean plastic waste? (June 2026)

22nd June 2026
In the News Teaching Activity – Why is the price of Caribbean hot sauces rising? (June 2026)

11th June 2026
In the News Teaching Activity – concerns about youth unemployment increasing (Nov 2025)

24th November 2025
Opportunity Cost

Study Notes
In the News Teaching Activity – the social benefits of libraries (Sept 2024)

12th September 2024
IB Economics - Resource Allocation

Study Notes
Food versus Land - the debate about Solar

28th April 2024
In the News Teaching Activity - Institute of Fiscal Studies on economic challenges facing the next government (Feb 2024)

1st February 2024
In the News Teaching Activity: Buses Get £150M Boost After HS2 Cancellation (Nov 2023)

2nd November 2023
1.1.3 Opportunity Cost (Edexcel A-Level Economics Teaching PowerPoint)

Teaching PowerPoints
1.1.3 The Economic Problem (Edexcel)

Study Notes
4.1.1.4 What is opportunity cost?

Study Notes
1.1.4 Production Possibility Frontiers (Edexcel A-Level Economics Teaching PowerPoint)

Teaching PowerPoints
4.1.1.4 Opportunity Cost (AQA A-Level Economics Teaching PowerPoint)

Teaching PowerPoints
What is the fundamental economic problem?

Study Notes
What are positive statements in Economics?

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
Economics of Trade-Offs: China economy shrinks on zero-Covid policy

16th July 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
Scarcity and resource use - finding answers to the world's drinking water crisis

2nd August 2021
The Opportunity Cost of a pair of Apple AirPods

12th September 2016
Scarce Resources, Choices and Economic Systems

Teaching PowerPoints
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

Teaching PowerPoints
Foundations of Economics - 'Loose Change' activity

Quizzes & Activities
Production Possibility Frontier

Study Notes
The Economics Balloon Debate - a starter activity for an introductory Economics class

3rd September 2018
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

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