Here is a table with tons more:
This is my point, economics is such a complex topic an entire class devoted to it is absolutely required, it is just how people teach it is the main thing. Like I stated before I don't recall a thing from that class but, I do know it existed. I need to find a way to incorporate economics into the classroom and make it enjoyable and memorable because unless your into numbers and that sort of thing it will be a dry and dreadful class period. Mentioned during this lesson was the use of the lemonade stand which is something I greatly enjoyed as a child. You would purchase items to make lemonade, pick how much you want to sell a glass for, chose where you want to sell it such as a playground, and then start your day. This whole game is based on supply and demand. You obviously would't sell the lemonade for tons of money on a cold day because no one would buy it. And you obviously wouldn't prep a small amount of lemonade on a very hot day because everyone would want some. It is a way with keeping up with demand and ultimately putting more money into your pocket (in this case.) Another important concept is incentive. People respond well to incentive, so if they feel like they are getting something extra out of it they are more likely to buy it. For example, stores send out coupons for 20 percent off their already jacked prices. Yet, people flock to these stores because the percentage off is an incentive and sounds exciting. People respond to thing that gives them personal benefit!
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