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Vocabulary
connectionhuman capitallaborincome
Skills
  • explain (connection between human capital/labor and income) #dok2
  • identify (examples of human capital, labor, and income) #dok1
  • describe (how labor can influence income) #dok2
  • analyze (ways human capital increases income) #dok3
Learning Targets
  • I can identify examples of human capital, labor, and income. #dok1
  • I can explain the connection between human capital or labor and income. #dok2
  • I can describe how different types of labor can lead to earning income. #dok2
  • I can analyze how improving human capital, such as learning new skills, can increase income. #dok3
Big Ideas
  • The skills and knowledge people develop through education and experience can affect how much money they earn.
  • There is a direct connection between the work (labor) people do and the income they receive.
Essential Questions
  • What is human capital and how is it different from labor?
  • How does the work someone does relate to the income they earn?
  • In what ways can people increase their income through developing their human capital?
  • Why is it important to understand the connection between labor and income?
  • Can you think of real-life examples where gaining new skills led to higher income?