The Economics of Income: If You're So Smart, Why Aren’t You Rich?

The Economics of Income: If You're So Smart, Why Aren’t You Rich?

Launch Tool

This tool should be used by all high-school students as they face decisions regarding their futures! Separated into three parts, this lesson helps students explore the relationship between education and income by asking the question, "Why do some people earn more income from their labor than others?"

For Educators

In Part 1, students ask the question, “What determines income?” The lesson includes a number of online interactive activities in which students can rank occupations in order of pay and education required and determine how many people they know who would qualify for those occupations. In Part 2, students investigate the relationship between education and income, learn about supply and demand in relation to occupations, and explore the costs of education. Part 3 has students investigating productivity and encourages them to research the future of various career options through the link to America's Career InfoNet. The teacher's version of the lesson can be found here.

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Tool Details

Grades Themes Type Project 2061 Benchmarks