Resource Type Icon
Clock
30 minutes
K - 5
54 classes this year
Subjects: Personal Finance Economics
Topics: Scarcity Economic Growth Employment and Income

In this lesson, students learn about human capital. “Human capital” refers to the knowledge and skills that people obtain through education, experience, and training. People invest in their human capital through education, on-the-job training, and practice. Throughout their school careers, students make investments in their human capital. Introducing this concept to younger students can help them understand why school is valuable and will allow them to build on their initial understanding of human capital in later years.

View Voluntary National Content Standards in Economics

Content Standard 1: Scarcity

Grade 4 Benchmark

10. Human capital refers to the quality of labor resources, which can be improved through investments in education, training, and health.

Content Standard 15: Economic Growth

Grade 4 Benchmark

1. When workers learn and practice new skills, they improve their productivity by improving their human capital.

Grade 8 Benchmark

4. Increases in productivity can result from advances in technology or increases in physical or human capital.

View National Standards in Financial Literacy

Content Standard 1: Earning Income

Grade 8 Benchmarks

2. People make many decisions over a lifetime about their education, jobs, and careers that affect their incomes and job opportunities.

3. Getting more education and learning new job skills can increase a person's human capital and productivity.

View Common Core Standards

Grades K-5 English, Language Arts, & Literacy in History/Social Studies, Science, and Technical Subjects

Key Ideas and Details

(RL.3.1), (RI.3.1), RL.4.1: Refer to details and examples in a text when explaining what the text says explicitly and when drawing inferences from the text.

Craft and Structure

(RL.3.4), RL.4.4: Determine the meaning of words and phrases as they are used in a text, including those that allude to significant characters found in mythology.

(RI.2.4), RI.3.4: Determine the meaning of general academic and domain-specific words and phrases in a text relevant to a grade 3 topic or subject area.

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