“ The Economics of Education.”

Unit One: Learning Objectives: North Clackamas School District Social Studies Priority Standards: Econ 51 (B): Define economic terms and identify examples of them in a current economy.

Lesson 1-5: Daily Learning Target I CAN…. Write about the significance of education in relation to our economy

Group Exit Ticket today!. “The greatest anti-poverty program is a world-class education.” -President Obama State of the Union You will turn in your “Exit Ticket” to me and Pick up a Unit One Quiz (Open Notes)

College Graduates or More High School Graduates or More Source: U.S. Census Bureau Percent of U.S. Population

$55,588 $76,182 $50,468 $64,636 $44,720 $59,644 $31,668 $42,120 $26,624 $35,828 $19,188 $25,012 Advanced Degree Bachelors Degree or Higher Bachelors Degree Only S ome College or Assoc. D egree H igh S chool G raduate, No C ollege Less Than A High School Diploma Female Male $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000

$1.0million $1.6million $1.8million $2.4million $2.8million $3.5million $1.4million Less than High School High School Grads Some College Associates Degree Master’s Degree Bachelor’s Degree Doctoral Degree Professional Degree $4.2million

22% of America’s high school students will leave without graduating. How will they compete in the global economy? % of whites graduate from college, but only 17 % of blacks and 11% for Hispanics. 61% of Asians graduate from college. 31% of women graduate from college, for men it is only 26%. [5% in 1945] 93% of Asians graduate from high school, 83% for whites, 71% for Hispanics, and 66% for blacks. Nationally, of 100 students in 9 th grade, only 75 will graduate from high school, but only 51 will enter college. Within 6 years, only 22 will have a degree. Nationally, 7,000 drop out every day or about 1.3 million every year.

More education leads to higher incomes.More education leads to higher incomes. This leads to more spending on goods & services.This leads to more spending on goods & services. This leads to less public assistance & less crime.This leads to less public assistance & less crime. This leads to lower taxes and a more vibrant economy that attracts more business.This leads to lower taxes and a more vibrant economy that attracts more business. Education costs money but ignorance cost more.Education costs money but ignorance cost more. Or, the only thing more expensive than going to college is NOT GOING TO COLLEGE.Or, the only thing more expensive than going to college is NOT GOING TO COLLEGE.

Exit Ticket 1-5 Final reflection Question (10 Points) Write a ½ page quick write on the following quote from the President on the back of this EXI TICKET. Do you agree as a group -why or why not? Please turn into me and pick up a Unit One Summative Quiz. “The greatest anti-poverty program is a world-class education.” - President Obama State of the Union Group Members: _________________________________________________ _______________________________________________________________

When you are finished with the test…… Pick up the article on The Cost of College: “Why College Costs so Much”

Turn in your Test and Pick up an Article from me:  Read the Article (silently or with a partner)  Hi-lite key words or phrases in the article  Pick up questions from me and answer  (individually or with a partner)