LEARN NC

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

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.

Resources aligned to this objective

The Four Factors of Production
Students will learn to identify and explain the four factors of production: land, labor, capital, and entrepreneurship.
Format: lesson plan (grade 10 Social Studies)
By penn pace.

Lesson plans on the web

A case study: Productivity
Students explore the economic concept of productivity by examining current statistics and a wide range of backgound materials. (Learn more)
Format: lesson plan (grade 10–12 Social Studies)
Provider: National Council on Economic Education
A case study: The unemployment rate — April 2002
Students examine unemployment statistics and other economic indicators for April 2002. (Learn more)
Format: lesson plan (grade 10–12 Social Studies)
Provider: National Council on Economic Education
The economics of income which “wood” you choose?
Students follow weblinks and listen to video describing the connection between national development and use of natural materials. (Learn more)
Format: lesson plan (grade 9–12 Computer Technology Skills, Science, and Social Studies)
Provider: National Council on Economic Education
The economics of income: If you're so smart, why aren't you rich?
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?” (Learn more)
Format: lesson plan (grade 9–12 Social Studies and Guidance)
Provider: National Council on Economic Education
The economics of the family farm: A primer
Students will examine a number of indices to determine if the prices received by farmers are going up or down, and use an Excel spreadsheet to determine if farming is more or less profitable than it was five years ago. (Learn more)
Format: lesson plan (grade 10–12 Social Studies)
Provider: National Council on Economic Education
The mystery of the amazing farmers
Students learn about the concepts of human capital and productivity through an analysis of the changes in U.S. agricultural methods in the last century. (Learn more)
Format: lesson plan (grade 10–12 Social Studies)
Provider: National Council on Economic Education
Segway' to the Future
Students will explain how Dean Kamen, inventor of the Segway human transporter, fits the definition of an entrepreneur and inventor. (Learn more)
Format: lesson plan (grade 10–12 Social Studies)
Provider: National Council on Economic Education
Sprawl: The national and local situation
In this Xpeditions lesson, students investigate how urban sprawl impacts the environment, people's daily lives, and the local and regional economy. (Learn more)
Format: lesson plan (grade 9–12 Social Studies and Science)
Provider: National Geographic