Decision Making: Scarcity, Choice and Opportunity Cost affect economic decisions

This PowerPoint Lesson and Student Guided Note Packet Combo help your students to understand the Decision Making process in Economics. Using real world examples students will be able to explain how scarcity, choice, and opportunity costs affect decisions that households, businesses, and governments make in the market place.

PowerPoint Lesson includes:

*Anticipatory Set

*I can Statements

*Think-Pair-Share activities

*Formative Assessments

*Exit Slips

*Teacher Notes per Slide (click on View > Notes in Ppt)

Student Guided Note Packet includes:

*Vocabulary Cards (with space to illustrate, write the definition in their own words and use the word in a sentence)

*Anticipatory Set Warm up activity

*Guided Note Sheets to follow along with the PowerPoint

*Cost/Benefit analysis real world scenario

*Comparative advantage real world trade scenario

*Exit slip