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K–12 teaching and learning · from the UNC School of Education

The economics of income: If you're so smart, why aren't you rich?

http://www.econedlink.org/lessons/index.cfm?lesson=NN130&page=teacher

A lesson plan for grades 9–12 Guidance and Social Studies

Provider: National Council on Economic Education


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The purpose of this lesson is to help you explore the relationship between education and income. The lesson will focus on the following question: “Why do some people earn more income from their labor than others?”

North Carolina Curriculum Alignment

Guidance (2001)

Grade 9–12

  • Goal 4: Acquire the skills to investigate the world of work in relation to knowledge of self and to make informed career decisions.
    • Objective 4.01: Develop skills to locate, evaluate, and interpret career information.
    • Objective 4.02: Evaluate traditional and non-traditional occupations.
  • Goal 5: Employ strategies to achieve future career success and satisfaction.
    • Objective 5.01: Apply decision-making skills to career planning, course selection, and career transitions.
    • Objective 5.03: Demonstrate knowledge of the career planning process.
    • Objective 5.05: Use research and information resources to obtain career information.
    • Objective 5.06: Use the Internet to access career planning information.
    • Objective 5.08: Understand how changing economic and societal needs influence employment trends and future training.
    • Objective 5.09: Demonstrate awareness of the education and training needed to achieve career goals.

Social Studies (2003)

Grade 10

  • Goal 7: The learner will investigate how and why individuals and groups make economic choices.
    • Objective 7.01: Describe the basic factors of production such as land, labor, capital, and entrepreneurial skills and their impact on economic activities.
    • Objective 7.02: Explain how scarcity influences producers and consumers to make choices.