Opportunity Cost
Hello members and subscribers! The twelfth Moonshots Master episode is here and we are diving into Critical Thinking and Opportunity Cost!
Getting us started on the journey is Brit Lewis from Mr Hancock, who talks about Trade-Offs and how an understanding of scarcity can help us grasp the number of possibilities around us. We then have a breakdown from Study.com which explains choice, Opportunity Cost definition and real-world examples demonstrating how every choice has a value.
Our recommended reading list and downloadable frameworks are available to help you go even deeper into the topic, so you can start adopting the practice of prototyping today:
Cost and Choice: An Inquiry in Economic Theory, James M. Buchanan
Opportunity Cost in Finance and Accounting, Robert Bloom and Hans Heymann
What key lesson are you taking from this Master Series show? Get in touch and let us know!