Related Online Lessons

Henry Ford and the Model T: A Case Study in Productivity (Part 2) When Henry Ford announced he was going to produce an automobile that would be affordable to the masses, he probably did not realize what a great impac... Grade: 6-8 9-12    Published: 01/05/2007

The Price of Gasoline: What's Behind It? In this lesson, students investigate the variables that contribute to the cost of gasoline. They learn that while OPEC nations do influence the price... Grade: 6-8    Published: 07/21/2006

Why Work Now? Why do people work so hard? Why aren't you just assigned a job that you are interested in and get paid as much as the next guy? This lesson will sh... Grade: 3-5 6-8    Published: 03/17/2003

A Fair Wage Income for most people is determined by the market value of the productive resources they sell. What workers earn depends, primarily, on the market... Grade: 6-8 9-12    Published: 09/27/2001

Baseball Economics 101 As any baseball fan can tell you, the New York Yankees have won three of the last four World Series championships. The Yankees' recent success--as ... Grade: 6-8 9-12    Published: 05/12/2000

Related Print Lessons

The Wide World of Trade Grade: 6-8   Published: 2003 6 of the 11 lessons are related to this lesson. The top 5 are listed below. Lesson 1: There's Never Enough Working in groups that represent countries, students randomly draw cards from boxes labeled natural resources, human resources, and capital goods. The groups use their available resources to provide ... Lesson 2: Special Friends Pairs of students play the roles of two friends who have chores to complete before they can spend time together. Through trial-and-error, students discover the benefits of specialization and trade. ... Lesson 5: Mystery Almanac Working in groups, students participate in an activity to identify countries from around the world. Based on what they learn about these countries, students complete an Information Resources Chart. ... Lesson 7: Mutual (and Comparative) Advantages Using numerical examples and bar graphs, students see why it benefits two countries to specialize in the production of one of two products and then trade with each other, even if one country has the r... Lesson 8: Something's in the Way The class is divided into two groups that participate in a simulation making two types of postcards. In the first round, each group specializes and then considers possible results from trading for th...

Choices & Changes: In Life, School, & Work - Grades 5-6 - Teacher's Resource Manual Grade: 5-6   Published: 2001 7 of the 15 lessons are related to this lesson. The top 5 are listed below. Unit 4: Lesson 10 - What Are the Advantages of Working with Others to Produce? Students read historical fiction set in 1855 in the Oregon Territory. The story illustrates the results of people working interdependently. The students identify ways in which the characters in the ... Unit 3: Lesson 8 - Can I Use Physical Capital to Produce More Things People Want? Groups of students form companies to produce five-pointed stars. Workers in the four companies use different combinations of physical capital in production. Students demonstrate ways in which using ... Unit 2: Lesson 5 - How Can I Improve My Ability to Produce What People Want? Students read about the life and career decisions of Philip Simmons, a blacksmith and artist from Charleston, South Carolina. They analyze the skills and knowledge Mr. Simmons used to make different... Unit 1: Lesson 3 - What Results When People Improve Their Human Capital? Students read 1998 U.S. labor-market data, compare education and income levels, then graph and analyze the data. Unit 4: Lesson 11 - Can I Learn to Work with Others to Produce? In a large group, students attempt to accomplish a task that requires working interdependently with others. They identify the human capital they used to produce a service. Then they identify the hum...

Mathematics & Economics: Connections for Life - 6-8 Grade: 6-8   Published: 2002 3 of the 12 lessons are related to this lesson. They are listed below. Lesson 3 - Baby-sitting Wages and Movie Prices Through an analysis of data for baby-sitting wages (a price for labor) and the price of movie tickets since 1945, this lesson introduces the students to the idea that prices for goods, services, and r... Lesson 8 - Could You Earn a Million Dollars? This lesson is designed to acquaint students with the relationship between earnings and education. The data are very clear regarding one's earning potential and educational attainment. That is, the mo... Lesson 9 - Deserted Island This lesson is designed to introduce students to the idea that not all skills are valued equally in the marketplace. The students will explore these differences using their mathematics skills to creat...

Choices & Changes: In Life, School, and Work - Grades 7-8 - Teacher's Resource Manual Grade: 7-8   Published: 2002 2 of the 15 lessons are related to this lesson. They are listed below. Unit 3: Lesson 12 - Long- and Short-Term Consequences With information from a guest speaker, students analyze the short- and long-term consequences of dropping out of, or graduating, from high school. Students conduct an Internet search to find and grap... Unit 1: Lesson 3 - People Use Their Human Capital Students take inventory of their own human capital and learn the necessity for acquiring skills and knowledge.

Middle School World Geography: Focus on Economics Grade: 6-8   Published: 2004 1 of the 9 lessons are related to this lesson. It is listed below. Lesson 6 - Joining Together That Which Has Drifted Apart In this lesson, the students learn about the physical forces that move people on different continents further apart and the economic forces that bring them together. They read about the formation and ...