Economics

Hi Everyone,
 * Instructions for researching 3/12/12**

I'm sorry I'm not there today to fully introduce the project to you. I'm recovering from a nasty flu and, believe me, it's better for all of us if I just stayed away for one more day. :) Below this paragraph are the documents for the rest of the project, but they're not updated for this term. I'm leaving them up there in case you get done with today's part early and want to work ahead, but know that the dates are different.

Remember those Factors of Production we discussed on Thursday and Friday (Land, Labor and Capital)? Well, as it turns out, there are two types of capital. The one we have already talked about- capital a.k.a. machinery, equipment, etc. is abbreviated in economics with "c." Then there's the other type of capital we abbreviate with the letter "k" to distinguish it from "c" -it's called HUMAN capital- that is the TRAINING workers have to help them do their jobs. The more HUMAN capital a worker has, the more EFFICIENT that worker is at his/her job and therefore is WORTH more to the firm. Basically, the more training you have, the more money you make because you are worth more to the company than someone with less training who gets less done. That's called the Human Capital Theory or HKT.

Well, there's your mini-lesson for the day. Now, you will reflection and explore part 1 of the HKT project- which is your goals/dreams and some basic research to get you started. You should have already fill out section 1 of the reflection. You cannot do section 2 yet, because I haven't told you have middle skills. So, complete section 1 and then move on to section 3. You will not turn any of this in to me until you have typed up a formal reflection, using this page as your outline. So if you complete sections 1 and 3, then you should start working on your paper.

When I have a sub in my classroom, I expect the best, most respectful behavior from all of my students. I take this very seriously; seniors or not, you don't disrespect guests. You are to stay ON TASK until you have complete all that I have asked of you. After that, you are to use your computer privileges for SCHOOL WORK ONLY! (Not GAMES- no, Mr. Lizzi, not even "educational" games like chess.)
 * The Rules:**

Behave!

Mrs. Watts

On this page, you will find links to documents used in class, and other resources to help you understand the economy around you = = =Human Capital Project (HKT Theory)=

=Review Videos=

Opportunity Cost- [|Explained] [|Simplified]