Title: Economic Lowdown Video Series—There is No Such Thing as a Free Lunch
Course: Tennessee Economics Sample Syllabus > Section: Standard 1: 🧩Scarcity & Economic Reasoning

The study of economics is built on the foundation of three very important concepts: scarcity, choice, and opportunity cost. In this episode of the Economic Lowdown video series, economic education Coordinator Scott Wolla uses these three concepts to explain why there is no such thing as a free lunch.