1

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.

2

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.

3

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.

4

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.

5

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.

6

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.

7

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.

8

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.

9

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.

10

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.

11

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.