Henry Ford and the Model T: A Case Study in Productivity (Part 3)
When Henry Ford announced he was going to produce an automobile that would be affordable to the masses, it is doubtful even he realized the far reachi...
Grade: 6-8 9-12    Published: 01/15/2008


Why does Brett Favre make $8.5 million per year?
What determines a person's salary? Why do professional athletes make so much money? People who work as firefighters, police officers or teachers are ...
Grade: 9-12    Published: 06/06/2006


Martin Luther King Jr. Day
January 19, 1998 is Martin Luther King Day. Students can explore the history behind this day and this charismatic man by following the links below. By...
Grade: 6-8 9-12    Published: 01/18/1998


Focus on Economic Data: U.S. Employment and the Unemployment Rate, October 3, 2008
The lesson summarizes the content of the October 3, 2008, U.S. Department of Labor, Bureau of Labor Statistics, announcement of the unemployment rate ...
Grade: 9-12    Published: 12/02/2008


Focus on Economic Data: U.S. Real GDP Growth, May 29, 2008
This lesson focuses on the May 29, 2008, report on Real Gross Domestic Product (Real GDP), produced by the U.S. Bureau of Economic Analysis (BEA). The...
Grade: 9-12    Published: 06/17/2008


Related Print Lessons


The following lessons come from the Council for Economic Education's library of print publications. Clicking the publication titles will take you to the Council for Economic Education Store for more detailed information.

Your Credit Counts Challenge: Trainer's GuideYour Credit Counts Challenge: Trainer's Guide
Grade: 7-adult   Published: 2004
2 of the 6 lessons are related to this lesson. They are listed below.


Section 1: Income and Choices
Participants will understand the importance of spending less than they receive. Participants will understand how competition based on productivity determines the wages and salaries that people receiv...
Section 2: Financial Institutions
Participants identify the advantages and disadvantages of using financial services from alternative financial institutions and services from mainstream banks. Participants identify the services provi...

Focus: High School EconomicsFocus: High School Economics
Grade: 9-12   Published: 2001
5 of the 21 lessons are related to this lesson. They are listed below.


Lesson 21: Economic Growth and Development
Economic growth is measured by a rise in real (inflation-adjusted) gross domestic product (GDP) over time. When a nation's production of goods and services rises faster than its population, real GDP ...
Lesson 9: Learn More, Earn More
Human capital refers to the knowledge, skills, and experience that people bring to the workplace. With education and training, people increase their human capital and improve their productivity, whic...
Lesson 10: Rich Man, Poor Man...
The issue of income distribution has been controversial throughout history. Decisions about the distribution of income are made by individuals and firms making exchanges in the markets for productive...
Lesson 17: Saving, Investing, and the Invisible Hand
This lesson explains how financial institutions in a market economy channel savings into economic investments. How much people save and how effectively those savings are transformed into good investm...
Lesson 8: Getting More or Using Less
Although the problem of scarcity can never be eliminated, finding ways to increase productivity can moderate it. Productivity is the amount of goods and services produced (output) per unit of product...

Capstone: Exemplary Lessons for High School Economics - Teacher's GuideCapstone: Exemplary Lessons for High School Economics - Teacher's Guide
Grade: 9-12   Published: 2003
4 of the 45 lessons are related to this lesson. They are listed below.


Unit 3: Lesson 15 - Why Do Some People Earn More Than Others?
Students examine and discuss visuals to identify an economic mystery regarding differences in income. They use the Guide to Economic Reasoning to analyze the problem and reach a tentative solution.
Unit 3: Lesson 19 - Earning an Income
Students examine the concept of income. They identify factors that generate in come, including entrepreneurial traits and changing conditions in labor markets. In learning how income is generated, s...
Unit 7: Lesson 43 - Why Are Some Nations Wealthy?
Students work in groups to examine data from several nations regarding size, natural resources, and population. Using these data, they try to identify the nations and predict whether each nation is r...
Unit 5: Lesson 30 - Poverty and Income Inequality
Students take part in an activity that simulates the unequal distribution of income in the United States, based on U.S. Census data. They discuss how equal distribution of income would affect incenti...

Economics in Action: 14 Greatest Hits for Teaching High School EconomicsEconomics in Action: 14 Greatest Hits for Teaching High School Economics
Grade: 9-12   Published: 2003
1 of the 14 lessons are related to this lesson. It is listed below.


Lesson 8 - Productivity
Working in small groups, the students participate in a production simulation to determine the effects of specialization on labor productivity, the division of labor, and investment in human capital an...

Choices & Changes: In Life, School, and Work - Grades 9-10 - Teacher's Resource ManualChoices & Changes: In Life, School, and Work - Grades 9-10 - Teacher's Resource Manual
Grade: 9-10   Published: 2002
1 of the 15 lessons are related to this lesson. It is listed below.


Unit 3: Lesson 13 - My Human Capital: A Job Application
Following a study of two realistic dilemmas, students complete a resume and assess their own qualifications for actual jobs.

Civics and Government: Focus on EconomicsCivics and Government: Focus on Economics
Grade: 9-12   Published: 1996
1 of the 16 lessons are related to this lesson. It is listed below.


Unit 3: Lesson 12 - Why Isn't Income Distributed More Equally?
On day one, students review a list of selected occupations and categorize them according to median income. They brainstorm a list of reasons for income differentials and then review a list of convent...

 

 
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