Florida SS.1.E.1.2
The Standard
Define opportunity costs as giving up one thing for another.
Florida Next Generation Sunshine State Standards for Social Studies
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students choose between two wanted options and name what they did not choose. They explain that choosing one option means missing the other.
What Mastery Looks Like
- Given two choices, students identify both the selected option and the option left behind. They correctly call the option left behind the opportunity cost.
Common Misconceptions
- Students may think cost always means money. They may name the chosen item as the opportunity cost or think they can have both options.
How to Assess It
- Use this exit ticket: “You can draw or play with blocks. You choose blocks. What is your opportunity cost?”
Lesson moves
Ways to Teach It
Give each student one token to trade for either a sticker or an eraser, then name the item not chosen.
Ask students to draw two free-time choices, circle one, and explain what they would miss by choosing it.
Play Choice Pairs by showing two picture cards and having students name the opportunity cost after choosing one.
Let the class choose between five minutes of drawing or dancing, then discuss what the class gave up.
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Printable SS.1.E.1.2 Worksheet
A ready-to-print activity worksheet aligned to SS.1.E.1.2, with an answer key for the teacher on its own page. No account needed.
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Related Standards
- SS.8.FL.1.6
Identify the opportunity costs that education, training, and development of job skills have in the terms of time, effort, and money.
- SS.4.FL.2.5
Explain that costs are things that a decision maker gives up; benefits are things that a decision maker gains. Make an informed decision by comparing the costs ...
- SS.4.FL.2.4
Discuss that whenever people buy something, they incur an opportunity cost. Opportunity cost is the value of the next best alternative that is given up when a p...
- SS.4.FL.3.2
Explain that when people save money, they give up the opportunity to buy things now in order to buy things later.
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