Australian Curriculum / Learning Areas / Humanities and Social Sciences / HASS / Knowledge and Understanding / Economics and business
How the concept of opportunity cost involves choices about the alternative use of resources and the need to consider trade-offs (ACHASSK149)
Data and Decisions Connections Preview Unit |
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Opportunity Cost
· Learning Opportunities
Your students will learn about opportunity cost as they conduct an experiment producing imaginary products. |
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Pretest
· Pretesting and Familiarisation
Your students will complete a pretest about business and economics. |
Entrepreneurial Thinking Question-Based Investigations Preview Unit |
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Assessment
· Synthesis Phase
You will conduct a conference with each student to assess their understanding of the content they have learnt during their research. |