Teacher's Notes

Theme:
Because human desires are unlimited, the concept of opportunity cost is fundamental to economic analysis.

Sub-theme:
Societies face opportunity costs too.

Concepts:

• economic analysis
• opportunity cost
• entrepreneurship
• land speculation
• social costs
• human exertion

Performance objectives -- this lesson focuses on developing skills at:

• Researching and comparing cost profiles of various colleges
• Evaluating economic policy alternatives
• Analyzing the criteria for making economic decisions

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