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
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Opportunity Cost
Study Notes
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In the News Teaching Activity – the social benefits of libraries (Sept 2024)
12th September 2024
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IB Economics - Resource Allocation
Study Notes
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Food versus Land - the debate about Solar
28th April 2024
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1.1.3 Opportunity Cost (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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1.1.3 The Economic Problem (Edexcel)
Study Notes
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4.1.1.4 What is opportunity cost?
Study Notes
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4.1.1.4 Opportunity Cost (AQA A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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What is the fundamental economic problem?
Study Notes
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What are positive statements in Economics?
Study Notes
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Nature of Economics - Introductory Concepts
Study Notes
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Teaching Activity - Basic Economic Concepts Knowledge Retrieval Questions
Teaching Activities
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Teaching Activity | Economic Options and Choices (Scarcity and Opportunity Cost)
Teaching Activities
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Basic Economic Problem - Revision Video Playlist
Topic Videos
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Himalayan villages face water crisis as glacial streams shrink
3rd August 2022
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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
Topic 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
Teaching PowerPoints
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PPF and Opportunity Cost
Topic Videos
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Production Possibility Frontier
Topic Videos
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Opportunity Cost: How much do I cost the NHS?
2nd September 2019
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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
Topic Videos
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Production Possibility Frontiers
Teaching PowerPoints
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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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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