Production, Costs, and Revenue · Microeconomics

Productivity and the Labour Market

Analyzing the factors that determine wages and the importance of human capital.

Key Questions

  1. 1Why do wages differ so significantly across different sectors?
  2. 2How does automation change the value of human labor?
  3. 3What trade-offs are created by a national minimum wage?

National Curriculum Attainment Targets

GCSE: Economics - Production, Costs and RevenueGCSE: Economics - The Labour Market
Year: Year 10
Subject: Economics
Unit: Production, Costs, and Revenue
Period: Microeconomics

Suggested Methodologies

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