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Factory Teacher Resources
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Can a professional athlete affect local economics? According to the philosophy of utilitarianism, it can. Learners examine the connection between Lebron James's choice to move to the Miami Heat and the affect his choice had on local economics. They define economic terminology, watch a video on the topic, and then complete a spider diagram showing the connection between major business choices and local economy.
Students define economics; Explain the importance and process of making economic choices and decisions; Identify the factors of Production; Determine the goal of entrepreneurship. Students identify and describe the difficulties associated with barter; Identify and describe the difficulties associated with barter; Explain why true self-sufficiency is rare; Identify the economic benefits of interdependence.
High schoolers examine The Employment Report from April 2010. In this economic data lesson, students review data provided and explore links to figure out the changes in U.S. employment and unemployment and what factors have influenced it by completing provided questions through assessment.