Victorian Curriculum / Learning Areas / The Humanities / Economics and Business / Resource Allocation and Making Choices
Explore the concept of opportunity cost and explain how it involves choices about the alternative use of limited resources and the need to consider trade-offs (VCEBR002)
Data and Decisions Connections Preview Unit |
|---|
|
Opportunity Cost
· Learning Opportunities
Your students will learn about opportunity cost as they conduct an experiment producing imaginary products. |
|
Pretest
· Pretesting and Familiarisation
Your students will complete a pretest about business and economics. |
Entrepreneurial Thinking Question-Based Investigations Preview Unit |
|---|
|
Assessment
· Synthesis Phase
You will conduct a conference with each student to assess their understanding of the content they have learnt during their research. |