Standard #: SS.1.E.1.2


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Define opportunity costs as giving up one thing for another.


Remarks


Examples are giving up television to do homework and buying candy versus saving for later purchase.

General Information

Subject Area: Social Studies
Grade: 1
Strand: Economics
Standard: Beginning Economics
Date Adopted or Revised: 02/14
Status: State Board Approved

Related Courses

Course Number1111 Course Title222
5021030: Social Studies Grade 1 (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 - 2023, 2023 and beyond (current))
7721012: Access Social Studies - Grade 1 (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2023, 2023 and beyond (current))


Related Access Points

Access Point Number Access Point Title
SS.1.E.1.AP.2 Recognize a situation that involves making a choice such as schoolwork or play.


Related Resources

Lesson Plan

Name Description
My Rights and My Responsibilities

In this lesson, students will learn the difference between rights and responsibilities. They will explore different rights and responsibilities that they have in the school community, as well as opportunity costs when they must fulfill their responsibilities as students.

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