Explain to students that the workers who produce goods and services are called human resources. The skills people have is called their human capital. People can improve their human capital by learning new skills. Read Morris Goes to School to help students understand why it is important to improve their human capital.
As illustrated in the web sampler below, Morris has a problem: he can't read or count. Students learn how important it is to improve skills - and grow their human capital - so they can do jobs in the future.
Use the Morris Goes to School lesson by the Federal Reserve to further develop the concept. During the lesson, students name different workers and identify the human capital they need to do their jobs.
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AuthorDeborah Kozdras, Ph.D. Archives
February 2022
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