Dr. Johnson defines the term "specialization" and reasons for its development in our economy.
This template offers a structure to create a "content package" for a specific subject area and grade level. A content package is a collection of educator-curated instructional materials to support a given educational standard and need. Click View Resource to explore the structure or Remix to make a copy for your own use.
Article with charts and links to related material discusses how free trade is a result of comparative advantage, and how consumers can consume beyond their original production possibilities frontier if they specialize and trade.
Video [2:10] and quiz teaches the concepts of Benefits of Trade and Comparative Advantage.
Brief video [0:21] and quiz on world economic development.
Video [3:04] describing the concept of human capital as a combination of a person's education, knowledge, experience, health, habits, training and talent.
This video teaches the concept of Productive Resources. Productive resources are used to produce goods and services and are classified into four categories: land, labor, capital, and entrepreneurship.[1:32]
In this interactive lesson, students analyze economic data to better understand America's middle class, its role in the economy, and its impact on economic growth.
Why are some countries very wealthy and others so poor? In this lesson you will learn about the factors that contribute to a nation's standard of living.
According to Ohio's Learning Standards for Financial Literacy, "Financial Literacy is defined as the ability to read, analyze, manage and communicate about personal financial conditions that affect one's material well-being. It includes the ability to discern financial choices, discuss money and financial issues without (or despite) discomfort, plan for the future and respond completely to life events that affect every day financial decisions, including events in the general economy."This content pack is intended to be a way to discover new resources and lessons for financial literacy that can be used in grades 9-12. The standards being referenced are ODEW Site: Ohio's Financial Literacy Standards for Financial Literacy, page 9 (high school). Though it is not mentioned here, it may hit additional standards within Social Studies, Mathematics, or other topics within Financial Literacy. Specific content standards that were used to find relevant resources are:
An introductory course in labor economics from MIT. Emphasizes applied microeconomics and empirical analysis. Includes suggested readings, assignments, and exams.
This video teaches the concept of Productivity, which is measured as the quantity of output per unit of input. Watch the brief video and take the interactive quiz to assess what you have learned. [1.47]
Through illustrated notes and a related video, students will gain an understanding of comparative advantage and why trade is beneficial. [4:10]
A perfect site for the study of work ethics. Online lessons and the history of the American work ethic are particularly impressive.
Debating the theories of globalization? Take advantage of the reading recommended here as well as the possibilities for discussion topics.