Economics: Cost Benefit Analysis
These sites include lesson plans, games, and various class actitivies for learning the concept of “Cost Benefit Analysis”.
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Developing Costs and Benefit Estimates
Here is an overview of the concept of cost-benefit analysis.
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Encyclopedia Britannica: Cost-Benefit Analysis
Encyclopedia Britannica Online provides a definition of cost-benefit-analysis.
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Cost Benefit Analysis
Learn what is cost benefit analysis.
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EconEdLink: President Obama's Allowance
In this lesson,students will identify different expenses in the US budget and will decide on the order of importance for different expenses.
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EconEdLink: Costs and Benefits of 'The Three Little Pigs'
This site uses the story of "Three Little Pigs" to teach cost-benefit analysis. Here are also one assessment test and some class activities regarding this topic.
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EconEdLink: How much is that doggy?
Here is a series of class activity for teaching cost-benefit analysis. Students will investigate the total cost of ownership. They will continue to find out the costs of owning a dog or a cat.
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EconEdLink: You decide!
Learn concept such as cost-benefit analysis, opportunity cost, and decision making. Learn to use a tool to improve the decision making that will help students reach a better outcome.
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EconEdlink: Little star's problem
Decisions have costs. This site employs "Little Star's Story" to teach the concept of cost- benefit analysis.
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PBS: Should We Let Them In? A Cost-Benefit Analysis of Allowing a New Chain
Here is a case study for cost-benefit analysis. Students will learn to use cost-benefit analysis to determine whether a town should allow a large chain store to open within its borders. Students will learn how to create a chart that summarizes the possible costs and benefits in economic, social, and environmental terms.
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Dynamic Decision Making
Here are lots of resources on how to use the PACE Decision-Making Model for more effective problem solving. Students will compare the costs of a decision with the benefits of that decision.