Council for Economic Education
Econ Ed Link: Music, Maestro, Please: Show Business and the Factors of Production
The city of Philadelphia, Pennsylvania recently opened a $300 million dollar center for the performing arts, the Kimmel Center. This lesson was developed for a special teacher workshop to incorporate economics and the arts to teach kids...
Wikimedia
Wikipedia: Factors of Production
This site gives an overview of economic factors of production (land, labor, capital). Gives detailed descriptions, and links to descriptions of words that might need clarification. Students can make connections as to how these relate to...
Other
Economics in Action: Circular Flow
This site uses an interactive Circular Flow Model to show the flow of payments for the factors of production (rent, wages, and interest) along with payments for finished goods and services. Questions are provided which ask the user if a...
University of Minnesota
University of Minnesota: 2.1 Factors of Production: Principles of Economics
The three factors of production-labor, capital, and natural resources. Explain the role of technology and entrepreneurs in the utilization of the economy's factors. Labor is the human effort that can be applied to the production of goods...
Khan Academy
Khan Academy: Introduction to Scarcity and the Economic Way of Thinking
In this exercise, practice what you have learned about learning objective MOD-1.A from the AP Macroeconomics course and exam description. Topics include the definitions of economics, microeconomics, and macroeconomics, positive and...
Council for Economic Education
Econ Ed Link: Henry Ford and the Model T: A Case Study in Productivity (Part 2)
Henry Ford's use of mass production strategies to manufacture the Model T revolutionized industrial manufacturing. This 3-part learning unit provides students with the story of Henry Ford and the Model T from an economics perspective....
Council for Economic Education
Econ Ed Link: Henry Ford and the Model T: A Case Study in Productivity (Part 1)
Henry Ford's use of mass production strategies to manufacture the Model T revolutionized industrial manufacturing. This 3-part learning unit provides students with the story of Henry Ford and the Model T from an economics perspective....
Council for Economic Education
Econ Ed Link: The Economics of Professional Sports: Underpaid Millionaires?
Over the last century, professional baseball has grown to become one of the most popular forms of American entertainment. Indeed, the sport's nickname - "America's Pastime" - has become embedded in the nation's lexicon. More than 60...
Council for Economic Education
Econ Ed Link: Increasing Productivity
This lesson stimulates students' thinking with stories about rigorous athlete training illustrating the importance of training and practice. After students read the story, they will experiment to see how instruction and practice improves...
Other
Sukromne Gymnazium: The Study of Economics [Pdf]
An introduction to basic concepts in beginning economics.
Texas Education Agency
Texas Gateway: Ap Macroeconomics: Chapter 6: Components of Economic Growth
By the end of this section, you will be able to do the following: Discuss the components of economic growth, including physical capital, human capital, and technology; Explain capital deepening and its significance, analyze the methods...
Curated OER
Factors of Production
This site offers a good description and examples of the factors of production.
Council for Economic Education
Econ Ed Link: Baseball Economics 201
Some believe our national pastime may be threatened by the big market, high revenue teams like the Yankees (or the New York Mets, Chicago Cubs, Boston Red Sox, etc.) and that smaller market teams (e.g., the Florida Marlins, San Diego...
Council for Economic Education
Econ Ed Link: The Economics of the Family Farm
Learn about the status of farming as a career, investigate the management of a family farm, and examine one recent farm crisis in this lesson.
Khan Academy
Khan Academy: Lesson Overview: Consumer and Producer Surplus
This lesson introduced the basics of a branch of economics known as welfare economics, which is interested in how the allocation of resources affects well-being. The most important concepts used in welfare analysis are total surplus and...
Council for Economic Education
Econ Ed Link: Those Golden Jeans
Check out this informative economics lesson plan designed to review the three productive resources--natural resources, human resources, and capital resources--needed to produce goods and services.
Council for Economic Education
Econ Ed Link: Clipping Coupons
Explore this website to find out how and why consumers make choices on what products to buy. Learn how producers entice consumers into buying their products. This is a very informative lesson plan.
Council for Economic Education
Econ Ed Link: The Price of Gasoline: What's Behind It?
In this lesson plan, students investigate the variables that contribute to the cost of gasoline. They learn that while OPEC nations do influence the price of oil and thus the price of gasoline, other factors also influence the price.
Federal Reserve Bank
Federal Reserve Bank of Atlanta: Circular Flow
Explains how resources, goods and services, and payments flow through the economy using the economic model of circular flow.
Auburn University
Auburn University: Glossary of Political Economy Terms: Capital
This Auburn University site has a definition for capital as an economist would use the term.
Auburn University
Auburn University: A Glossary of Political Economy Terms: Land
Provides a definition for land as seen by an economist.
![Biz/ed: Sources of Growth Where Does It Come From? [Virtual Economy] Activity](https://content.lessonplanet.com/knovation/original/114981-943d0d0702e767059b8d1620d114047e.jpg?1661446511 "Biz/ed: Sources of Growth Where Does It Come From? [Virtual Economy] Activity")
Curated OER
Biz/ed: Sources of Growth Where Does It Come From? [Virtual Economy]
Describes four essential sources of economic growth.
Tutor2u
Tutor2 U: Economies of Scope
This site is an explanation of several factors that impact mass production. Primarily, the concept of economies of scope is explored.
Robert Schenk, PhD
Cybereconomics: Circular Flow Diagram
This site gives a description and has a picture of a circular flow diagram. Description is well-written and easy to understand. A good overview of the flow of goods and services.