Theme- Incentives

Go here for a more detailed outline of the standards used for this theme.

The culminating theme for the year is INCENTIVES. Incentives are the basis for economic behavior and heavily influence the entrepreneurial process. They stem positively from the profit motive, but also from non-monetary sources, such as passion, drive or tradition. Incentives are most directly conveyed in prices and come to life through the interaction between buyers and sellers. As economists, we expect buyers and sellers alike to “respond predictably to incentives” (KEP #5) via the laws of supply and demand (KEP #9). Thus, with the economic language of incentives, students will gain a valuable way of explaining phenomena in the world around them, and hopefully excite their own entrepreneurial ambitions.

Infusionomics- Skills for the 21st Century Marketplace™

20. Motivation and Personal Traits

21. Business Concepts

22. Entrepreneurial Process

23. Marketing

24. (Optional Higher Level): Risk Management

Partnership for 21st Century Skills™ Framework- Student Outcomes

  • Learning and Innovation Skills
    • Creativity and Innovation
      • Implement Innovations (See also: RESOURCES, 14. c.)
    • Critical Thinking and Problem Solving
      • Use Systems Thinking (See also: COSTS, 7., b.)
  • Life and Career Skills
    • Initiative and Self-Direction (See also: CHOICES, 1., c.)

NCSEE Standards™ (National Content Standards for Entrepreneurship Education)

  • A – Entrepreneurial Process – Understands concepts and processes associated with successful entrepreneurial performance
  • C – Business Foundations – Understands fundamental business concepts that affect business decision making
  • L – Marketing Management – Understands the concepts, processes and systems needed to determine and satisfy customer needs/wants/expectations, meet business goals/objectives and create new product/service ideas
  • N – Risk Management – Understands the concepts, strategies and systems that businesses implement and enforce to minimize loss