Cost and Benefits

With our Cost and Benefits lesson plan, students learn all about cost-benefit and how to perform a cost-benefit analysis.

Our Cost and Benefits lesson plan teaches students about cost-benefit and how to perform a cost-benefit analysis. During this lesson, students are asked to work collaboratively with a partner to read specific scenarios, list the costs and benefits of each and indicate what their choice would be in each situation. Students are also asked to identify whether specific aspects of a situation would be a cost or a benefit, demonstrating their understanding of the lesson material.

At the end of the lesson, students will be able to identify and analyze the costs/benefits of the alternatives of a decision and suggest a choice based on cost-benefit analysis.

Common Core State Standards: CCSS.ELA-Literacy.RI.4.3, CCSS.ELA-Literacy.RI.4.4, CCSS.ELA-Literacy.SL.4.1.C, CCSS.ELA-Literacy.RI.5.3, CCSS.ELA-Literacy.RI.5.4, CCSS.ELA-Literacy.SL.5.1.C, CCSS.ELA-Literacy.RI.6.3, CCSS.ELA-Literacy.RI.6.4, CCSS.ELA-Literacy.SL.6.1.C

Additional information


4th Grade, 5th Grade, 6th Grade


Social Studies

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    Audrey R.
    US US
    Very helpful!

    This was just what I needed to help my kids understand costs and benefits!