NearPod Version Available
Grade 6-8
,
Lesson
It Pays to Stay in School
Objective
Students will be able to:
- Examine and compare several incentive programs encouraging students to stay in school.
- Recognize the benefits of staying in school from different perspectives.
- Discover how economic disincentive programs can also be used to motivate students to stay in school.
Standard
National Standards in Economics
Incentives
Standard: 4
- Students will understand that: People usually respond predictably to positive and negative incentives.
- Students will be able to use this knowledge to: Identify incentives that affect people's behavior and explain how incentives affect their own behavior.
National Standards in Financial Literacy
Earning Income
Standard: 1
- Students will understand that: Most people earn wage and salary income in return for working, and they can also earn income from interest, dividends, rents, entrepreneurship, business profits, or increases in the value of investments. Employee compensation may also include access to employee benefits such as retirement plans and health insurance. Employers generally pay higher wages and salaries to more educated, skilled, and productive workers. The decision to invest in additional education or training can be made by weighing the benefit of increased income-earning and career potential against the opportunity costs in the form of time, effort, and money. Spendable income is lower than gross income due to taxes assessed on income by federal, state, and local governments.
![](https://preview2.econedlink.org/wp-content/uploads/legacy/EconEdLink-349-Computers-School-Incentive.jpg 1w)
In this personal finance lesson, students will analyze and develop stay-in-school incentive programs for a group of students.
Resources
Procedure
Click NEARPOD VERSION: IT PAYS TO STAY IN SCHOOL to access an interactive version of the lesson powered by Nearpod: students interact and respond to questions on their device, and teachers will see their responses in real time!