lesson
Thinking at the Margin: One More Unit
Understand marginal thinking by evaluating the additional benefit versus additional cost of one more item or hour.
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Public learning track
Applied Decision-Making: Marginal Analysis and Public Choices
4th Grade · Social-studies · US-WI-SS
8 lessons
Goal
Apply marginal analysis and comprehensive cost-benefit evaluations to business, environmental, and community-level economic decisions.
8 lessons
0 of 8 done
- Thinking at the Margin: One More UnitYou are here
- 2Marginal Cost and Marginal Benefit in Daily LifePremiumUp next
- 3Business Decisions: Weighing Expansion Costs and ProfitsNot started yet
- 4Evaluating Public Projects: Parks Versus Parking LotsNot started yet
- 5Environmental Regulations: Costs and BenefitsNot started yet
- 6Predicting the Unintended Costs of ChoicesNot started yet
- 7Comparing Short-Term Savings to Long-Term InvestmentsNot started yet
- 8Synthesizing Cost-Benefit Analyses for Community IssuesNot started yet
Learning standards covered
SS.Econ1Wisconsin Social Studies Standards · 4th GradeWisconsin students use economic reasoning to understand issues.
Econ1.aWisconsin Social Studies Standards · 4th GradeChoices and decision making
SS.Econ1.a.hWisconsin Social Studies Standards · 4th GradePerform a cost–benefit analysis on a real-world situation, using economic thinking to describe the marginal costs and benefits of a particular decision.