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James_Miller comments on Efficient Charity: Do Unto Others... - Less Wrong
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I'm going to assign this to my introductory microeconomics students to help them understand opportunity costs.
That sort of terrifies me, but in a good way.
At the risk of tooting my own horn, this essay only incidentally addresses opportunity costs, but I wrote another essay a few years ago in a different style that addresses them more directly: A Modest Proposal
I discussed the ideas in this essay with my students. I first ask my students how much an iPad costs. They give me some dollar amount, but then I say something like "I don't want the answer in dollars but rather in dead African children." Since we have just been discussing opportunity costs they catch on quickly to what I'm getting at.