Economics
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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
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The Problem of Scarcity
Study Notes
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Opportunity Cost - How Car Tires Displaced Thousands Of People
19th March 2022
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Difference between Renewable Goods and Free Goods
Student Videos
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The Opportunity Cost of a pair of Apple AirPods
12th September 2016
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Scarce Resources, Choices and Economic Systems
Study Presentations
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PPF and Opportunity Cost
Student Videos
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Production Possibility Frontier
Student Videos
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Opportunity Cost: How much do I cost the NHS?
2nd September 2019
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Opportunity Cost
Study Notes
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Nature of Economics - Introductory Concepts
Study Notes
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Comparative Advantage (Online Lesson)
Online Lessons
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Scarcity and Opportunity Cost [Head Start in A-Level Economics]
Quizzes & Activities
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Evaluating Supply Side Policies (Online Lesson)
Online Lessons
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Introduction to Economics and the Operations of Markets - take the Yes/No challenge
Quizzes & Activities
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Introduction to Economics - 60 Second Challenge (Knowledge Retrieval Activity)
Quizzes & Activities
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Opportunity Cost - Two Applied Examples
Student Videos
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Production Possibility Frontiers
Study Presentations
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Foundations of Economics - 'Loose Change' activity
Quizzes & Activities
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Production Possibility Frontier
Study Notes
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Basic Economic Problem - Revision Video Playlist
Student Videos
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Economic Foundations quiz - use this with new Economics students
4th September 2017
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PPF and Increasing Opportunity Cost (MCQ Revision Questions)
Practice Exam Questions
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The Economic Cost of Water Scarcity
8th April 2016
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Opportunity Cost - Some Numerical Examples as a Worksheet
11th August 2015
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NHS Treatment Price Tags - An Exercise for Students
31st August 2015