A teaching module titled ‘Choices’ from a course on climate change by the Fraser Institute. This teaching
module will help students understand the importance of trade-offs and evaluate the costs and benefits of
climate change proposals.

Students will learn about carbon emissions, trade-offs, opportunity costs, and resource use. They will be
exposed to two types of trade-offs: resource trade-offs and policy trade-offs. Through the ‘Birthday
Money’ activity, students will learn how cost can be managed given a fixed income and how increase in
costs can impact overall resource use and distribution.