Standards in Economics

Below are the National Standards in Economics that most closely relate to the following lesson.


Henry Ford and the Model T: A Case Study in Productivity (Part 2) ~

Grades: 6-8, 9-12


Name: Income

Standard: 13

Grades: 4-12

  • Students will understand that: Income for most people is determined by the market value of the productive resources they sell. What workers earn primarily depends on the market value of what they produce.
  • Students will be able to use this knowledge to: Predict future earnings based on their current plans for education, training, and career options.