Welcome to CW Economics!

The study of economics is challenging and rewarding. Use this site to check up on topics covered, homework assigned, and assignments given.

Upcoming Assignments and Tests

  • Grade 12 Book Club Monday, January 16. Journals due Tuesday, January 17
  • Grade 12 essays due Tuesday, January 24 at 10:24am (2 COPIES)
  • Grade 11 Final Summative Game due Tuesday, January 24 at beginning of class.
  • Monetary Policy - Interest Rates due Tuesday, January 10
  • Banking Assignment due Friday, December 23

Monday, September 12, 2016

What is opportunity cost?

When a choice is made, there is always a cost or sacrifice to this choice. You can't have everything.
Opportunity cost is what is sacrificed/given up when choosing one option over another.

Video to explain opportunity cost

Ben and Jerry's Flavour Graveyard - the opportunity cost of new flavours
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