Human Capital and Income Lesson with Two Simulations *Editable*

Aligns to the TEKS standard: 3.9A: Explain the connection between human capital/labor and income

Includes

-a 4-page introductory lesson to the vocabulary terms and concepts associated with human capital and income.

-an 8-page activity that simulates and explains how income level is connected to the level of education.

-a 10-page activity where students will decide on a person to hire for a given job. Job skills, training, experience, and education levels are used to determine the best-fit applicant and the wage for that person.