Theme 1 Lesson 1:
Earning Income

The students play a guessing game, using clues to identify various occupations. They consider the education, skills, and talent required for those occupations, and, in doing so, analyze the connection between human capital and wages. They learn that income is payment people receive for selling or renting their productive resources -- their labor, for example, or their special knowledge.

Visuals & Activities


  • Capital
  • Goods
  • Human Capital
  • Human Resources
  • Income
  • Investment
  • Resources
  • Services
  • Wage

Standards in Economics and Personal Finance

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