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Lesson Plan: Economics - Factors of Production
Designed for Grades: 11-12

Estimated Time: 50 minutes

National Standards: Complies with NBEA Economics 2023 Standard I.1 Assess opportunity costs and tradeoffs involved in making choices about how to use scarce economic resources

Objectives:
I.1.3 Demonstrate how resources (factors of production) may be used to satisfy economic wants.  

Materials:
●       White Board or Smart Board
●       Pictures of resources (handouts)
●       Tape (or adhesive safe for smart board)
●       Quiz (handout)

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