Costs

FOUNDATION FOR ECONOMIC EDUCATION

Prepare for the Economics Olympiad Competition

Costs refer to the economic sacrifices a firm makes to produce goods or services, including explicit payments and implicit opportunity costs that influence production and decision-making.

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Course curriculum

1. Costs & Benefits
2. Defining Costs
3. Cost/Benefit Analysis
4. Costs & Benefits
5. Tradeoffs
6. Tradeoffs
7. Opportunity Cost
8. Opportunity Cost
9. Opportunity Cost and Tradeoffs
10. The Hidden Cost of a Netflix Binge
11. No Such Thing as a Free Lunch
12. What Is TANSTAAFL?
13. Sunk Costs
14. Sunk Costs MRU Interactive
15. Costs Quiz
16. “Free Everything” and the First Law of Politics

Additional Production and Costs Modules

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Economics Olympiad Prep Modules

Use these modules to prepare for success in the Economics Olympiad competition.

FOUNDATION FOR ECONOMIC EDUCATION

Prepare for the Economics Olympiad Competition

Course curriculum

Content

Additional Production and Costs Modules

Production Possibilities Curve

Supply

Cost Curves

Subsidies

Economics Olympiad Prep Modules