Florida SS.8.FL.1.6
The Standard
- SS.8.FL.1
- Examine the various methods of preparation, possible benefits and tax responsibilities related to earning income.
Identify the opportunity costs that education, training, and development of job skills have in the terms of time, effort, and money.
Florida Next Generation Sunshine State Standards for Social Studies
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students compare choices for building career skills and name what a person gives up with each choice. They consider lost time, effort, spending, and missed earnings or activities.
What Mastery Looks Like
- Students can identify the next best alternative given up when someone chooses a course, certification, or training program. They explain costs beyond tuition using evidence from a scenario.
Common Misconceptions
- Students may count only fees and ignore lost work hours, study time, or effort. They may list every disadvantage instead of identifying the next best alternative given up.
How to Assess It
- Exit ticket: Jordan leaves a weekend job to attend a six-week coding course. Name one money cost and the opportunity cost of Jordan's choice.
Lesson moves
Ways to Teach It
Give groups budget, schedule, and training cards, then have them choose one program and list what they must give up.
Ask students to write: Would you spend 100 hours earning a certificate that may raise future pay, and what would you sacrifice?
Play Choice Trade-Off, where pairs draw career scenarios and earn points for correctly naming the next best option given up.
Compare a local apprenticeship, community college program, and immediate employment using posted costs, time demands, and possible missed earnings.
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Printable SS.8.FL.1.6 Worksheet
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Related Standards
- SS.8.FL.1.2
Identify the many decisions people must make over a lifetime about their education, jobs and careers that affect their incomes and job opportunities.
- SS.8.FL.1.5
Examine the fact that investment in education and training generally has a positive rate of return in terms of the income that people earn over a lifetime, with...
- 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.1.E.1.2
Define opportunity costs as giving up one thing for another.
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