This site provides nine instances in which students are presented with a situation and asked to identify the opportunity costs. These exercises can be completed in small groups or used for general classroom use. Unfortunately it is strictly text based, not interactive, and is not accompanied by solutions.
Type of Material:
This material is text only.
Identify Major Learning Goals:
The learning goal of this material is to learn the concept of opportunity costs in a variety of contexts.
Target Student Population:
The target student population for this material is a college level introductory economics course or a managerial accounting course.
Prerequisite Knowledge or Skills:
Prerequisite knowledge of opportunity costs is needed to use this material.
This site contains a lesson plan for classroom discussion as well as sample discussion questions for demonstrating the concept of opportunity costs.
Solutions are not provided and there is no interaction. The context is very limited to the concept of opportunity cost.
Potential Effectiveness as a Teaching Tool
This site is well written with explicit examples so that it can be used by novices without very much instructor guidance.
Only static links to examples are given for the module.
Ease of Use for Both Students and Faculty
This module is a study resource in that it offers alternative perspectives on a fundamental concept.
Not interactive, visually appealing, or engaging. It also does not provide answers to the questions.
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