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Exploring opportunity costs


Students read a book about the opportunity costs of starting a business, play a fill-in-the-blank game, and discuss things they could give up so they can have something else.

Big idea

When we choose to do or buy one thing, we often have to give up something else.

Essential questions

  • What is an opportunity cost?
  • What opportunity costs do I have in my life?


  • Understand opportunity costs
  • Identify personal opportunity costs

What students will do

  • Read the Money Monsters Start Their Own Business chapter book. (You will need a book reader app to open ePub files).
  • Play a fill-in-the-blank game about opportunity costs.
  • Reflect on opportunity costs in their own lives.

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Teacher guide


Student materials




Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.