Objective
The student will be able to:
- Define labor productivity as output per worker.
- Explain how the division of labor and investment in capital goods improve productivity.
- Explain why increased productivity is important to individuals and to the economy as a whole.
Description
Working in small groups, the students participate in a production simulation (making Valentine’s Day greeting cards) to determine the effects of specialization on labor productivity, the division of labor, and investment in human capital and capital goods.
This lesson was originally published in CEE’s Capstone: Exemplary Lessons for High School Economics. This 43-lesson curriculum uses hands-on activities, exercises, simulations and projects to teach your students the ins-and-outs of high school economics. Visit the CEE Store for more information about the publication and how to purchase it.
Subjects:
Economics