Standards+and+Objectives

__**Standard:**__ 1.1.1 Scarcity, Choice, Opportunity Costs, and Comparative Advantage – Using examples, explain how scarcity, choice, opportunity costs affect decisions that households, businesses, and governments make in the market place and explain how comparative advantage creates gains from trade. 3b. Locate, organize, analyze, evaluate, synthesize, and ethically use information from a variety of sources and media

__**Behavioral Objectives:**__ 1) At the beginning of class, the student will discover the idea of scarcity through identifying an object that they desire that has limited availability and explaining what they would be willing to trade (or give up) for that object. 2) The students will engage in discussion in small groups about comparative advantage and come up with a real-world example to share with the class in a short presentation using PowerPoint, Prezi, Glogster, or other presentation tool. 3) The student will find two real-world example of opportunity cost in current events of different media (print, video, online article, or other means) and explain in a one-two page double-spaced paper how these events show an example of opportunity cost.