Students will research a resource used in the creation of a capital good that has led to conflict in another country. Examples could include the mining of minerals, oil, and monocrop agriculture. They will collaborate to create an engaging news broadcast that presents their findings and answers the driving question.

This activity allows students to practice what they learned about the Factors of Production by creating their own business.  Students use economics vocabulary to help plan their business and identify the three main elements of the Factors of Production.  The activity includes an illustration component for students to illustrate the Factors of Production along with drawing a finalized version of their business.

Understanding economics will help to make you a more successful person. Economics is a broad subject, just like any academic topic, that can be pursued from undergraduate programs at the university level, all the way to doctoral programs that require upwards of seven years of research to complete. However, our goal is to give you the most important basics of economic thinking so that you can not only earn an “A” in your high school economics class, but also learn how to be a more effective earner, saver, spender, and citizen.

Students learn what the four factors of production are and work in small groups to categorize different factors of production for certain industries. Students consider topics, such as limited resources and scarcity.

In this activity, students read an article and answer a series of questions. The article discusses the role that economic institutions play in fostering long-term economic growth.