knowledge
A career is built on the basis of taking up a job or profession for many years. Different careers have their own requirements for education and training.
application
Interview people from different occupations about their education, training, work experience, etc. needed at different stages of their careers and establish a timetable for the answers.
knowledge
People make different choices for their education, job and career, which will affect their income and job opportunities.
application
Conduct in-depth research on a job. Describe different choices of people in this field in education, work, and career, and explain how these choices affect their incomes and job opportunities.
knowledge
People improve their production capacity and human capital by receiving more education and training on new job skills.
application
Explain how young people increase their production capacity and human capital by attending the training of nanny or bodyguard.
knowledge
People with lower education and less job skills usually earn less than those with higher education and more work skills.
application
Collect average salary data for different jobs. Explain the income of different jobs by comparing their requirement for educational backgrounds, job skills and work experiences.
knowledge
Investment in education and training usually gets a positive return in a person's career.
application
Use the data above to explain why people with a college degree usually earn higher incomes than those with a high school education.
knowledge
The opportunity cost of receiving education, training, and development of job skills includes time, effort, and money.
application
Describe the opportunity cost of attending babysitting training, first aid training, etc.
knowledge
People often spend part of their savings on the education or job skills training of themselves or their family members, which will boost their human capital.
application
Explain why elder family members such as parents financially support young family members in their education or vocational skills training.
knowledge
Although new businesses are likely to fail, people take risks to start up businesses because they expect profits in return. Some entrepreneurs get satisfaction from work.
application
Give one example of local entrepreneurial failure and one of success, and explain why they succeeded or failed. Conduct an investigation into why people choose to start a business or to be a freelancer.
knowledge
Incomes from financial investments includes interest, dividends, asset appreciation, etc.
application
Learn the deposit interest of a bank, the dividend ratio of a listed company and the impact of dividends on the stock prices.
knowledge
Some people receive allowances from the government because of low income or other reasons.
application
Understand the details of government-funded projects and explain the economic status of them.
knowledge
Social insurance is a tax that is paid by people who are currently working, in case of retirement or incapacity.
application
Calculate the social insurance expenses that employees and employers need to pay according to the current average social income and social security ratio. Learn the average income of retirees.