1) The document defines opportunity costs as giving up one thing for another. It provides resources for students to investigate opportunity costs through two texts - a fiction story about a girl choosing between hair accessories, and an informational graphic about a girl choosing activities.
2) Students are asked to identify the opportunity costs in each text and explain what was given up. They are then asked to design a comic showing a personal example of an opportunity cost choice.
3) The document lists common core standards for reading closely, analyzing texts, integrating information, and using technology to publish writing. It aims to build vocabulary and understanding of opportunity costs.
2. CSI-R Model for Vocabulary
Content:
Standard SS.1.E.1.2 Standard 1: Beginning Economics
Define opportunity costs as giving up one thing for another.
Standards CCSS: (See page 4)
Investigate: Students investigate Fiction & Informational Text
1.
Text 1: Fiction: Erandi’s Braids:
http://www.kidseconposters.com/literature-connection/
2.
Text 2: Other sources:
1.
http://int.danville.k12.pa.us/teacherweb/mmast/iWeb_publish/Opp_and_Margi
nal_Cost_files/opportunity-cost.jpg
2.
http://www.econed-il.org/icee/images/2011/pc_brooke_r_l.jpg
Report/Represent: Show what you know
1. Comic Creator:
http://www.readwritethink.org/files/resources/interactives/comic/
2. CCSS.ELA-Literacy.CCRA.W.6 Use technology, including the Internet,
to produce and publish writing and to interact and collaborate with
others.
3. Content
STANDARD SS.1.E.1.2 Standard 1: Beginning Economics
Define opportunity costs as giving
up one thing for another.
Disciplinary Vocabulary
Opportunity Costs
Related Vocabulary: Save,
Consume, Choice
4. S: CCSS
CCSS.ELA-Literacy.CCRA.R.1: Read Closely-Evidence &
Inferences
CCSS.ELA-Literacy.CCRA.R.9 Analyze how two or more texts address
similar topics
CCSS.ELA-Literacy.CCRA.R.4 Interpret words and phrases as they are
used in a text
CCSS.ELA-Literacy.CCRA.SL.2 Integrate and evaluate information
presented in diverse media and formats, including visually,
quantitatively, and orally
CCSS.ELA-Literacy.CCRA.W.6 Use technology, including the Internet, to
produce and publish writing and to interact and collaborate with others.
CCSS.ELA-Literacy.CCRA.L.4 Determine or clarify the meaning of
unknown and multiple-meaning words and phrases by using context
clues, analyzing meaningful word parts, and consulting general and
specialized reference materials, as appropriate.
CCSS.ELA-Literacy.CCRA.L.6 Acquire and use accurately a range of
general academic and domain-specific words and phrases sufficient for
reading, writing, speaking, and listening
5. Investigate: Text 1
What did Erandi and her mother do for a living?
In the store, what did Erandi want her mother to
purchase? Why couldn’t she purchase both? What did
she choose to buy?
What was the opportunity cost? What was she giving
up?
Read Aloud – Erandi’s Braid
http://www.kidseconposters.com/literature-connection/opportunity-cost/erandi-sbraids/?query=Concepts.eq.Opportunity%20Cost&xsearch_id=literature_search1&xsearch[2]=&xsearch[0]=&class0_0=20&ba
ck=literature
6. Investigate: Text 2 Informational
Why is the T.V. her opportunity cost?
http://www.econed-il.org/icee/images/2011/pc_brooke_r_l.jpg
7. Informational Text
Continued:
1. If Pinky
chose to play
soccer, what
would her
opportunity
cost be?
2. If Pinky
chose to ride
her scooter,
what would
her
opportunity
cost be?
http://int.danville.k12.pa.us/teacherweb/mmast/iWeb_publish/Opp_and_
Marginal_Cost_files/opportunity-cost.jpg
