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Factors of Production Activities
This site provides an activity and discussion that could be used when studying the factors of production.
Other
Henry George School of Social Science: Factors of Production
This site provides a good description of the characteristics of the factors of production (land, labor, and capital), and provides some follow-up questions for discussion.
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...
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...
Council for Economic Education
Econ Ed Link: The Price of Gasoline: What's Behind It?
In this lesson plan, learners 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.
Auburn University
Auburn University: Glossary of Political Economy: Entrepreneur, Entrepreneurship
Provides a definitive overview of entrepreneur and entrepreneurship from the point of view of an economist.
Social Studies Help Center
Social Studies Help Center: Free Enterprise at Work: The Circular Flow Model
This site shows the flow of payments for the factors of production and for finished products by using the Circular Flow Model.
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...
TeachEngineering
Teach Engineering: The Optimization of Slime
Using their knowledge of the phases of matter, the scientific method, and polymers, student teams work as if they are chemical engineers to optimize the formula for slime. Hired by the fictional company, Slime Productions, students are...
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: The Production Function
Practice what you have learned about the production function in this four-question exercise.
Other
Ergonomics4 Schools: The Learning Zone: Product Design
There's a lot more to product design than simply making something look good! A successful product is one that people find easy to use, it does the things that they want it to do, they like to use it and the look of it is appealing to...
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: Increasing Productivity
This lesson stimulates young scholars' 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...
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...
Curated OER
Factors of Production
This site offers a good description and examples of the factors of production.
CK-12 Foundation
Ck 12: Elem Math: Relationship Between Factors and Products
[Free Registration/Login may be required to access all resource tools.] The video shows how to fill in a table of factors and products to show the relationship between factors and products of two-digit and one-digit numbers. The video is...
Auburn University
Auburn University: Labor Productivity
This site explains the concept of labor within the free enterprise system. It is a good introduction to connecting labor and productivity. The list of hyperlinks is also a good continuation of related topics.
Better Lesson
Better Lesson: Equal Groups: How Many Stars in the Sky?
Third graders develop their understanding of multiplication by grouping objects into equal groups to model the factors and products.
Shodor Education Foundation
Shodor Interactivate: Factorize
This Shodor site gives a brief explanation of factorization, and it allows you "to find all of the factorizations of a given number and then draw the product as the area of a rectangle on a grid."
PBS
Pbs Learning Media: Snapshot of u.s. Energy Use
This video segment adapted from NOVA/FRONTLINE looks at American energy consumption and the resulting production of greenhouse gases. [4:59]
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.