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.
- Keystone Economic Principle™ 5 – Incentives produce predictable responses.
- Keystone Economic Principle™ 9 – Prices are determined by the market forces of Supply and Demand…and are constantly changing.
Infusionomics- Skills for the 21st Century Marketplace™
20. Motivation and Personal Traits
- 3rd-5th Activity – Interview an Entrepreneur
- 3rd-5th Activity – Consumption and Production Charades
- 3rd -8th Activity – Things You Love
- 6th-8th Activity – Blindfold Risk
- 6th-8th Activity – Consumption and Production Charades
- 6th-12th Activity – Three Descriptors
- 6th-12th Activity – Interview an Entrepreneur
21. Business Concepts
- 3rd -5th Econedlink Lesson – Competition: Pizza
- 9th -12th Powell Center Lesson – Around the World in a Chocolate Kiss
22. Entrepreneurial Process
- K-3rd Powell Center Lesson – Arthur’s Funny Money
- 1st -2nd Powell Center Lesson – Beatrice’s Goat
- 3rd-5th Activity – Interview an Entrepreneur
- 3rd -5th Powell Center Lesson – Backpack Buddies – Creating a Classroom Business
- 6th -8th Econedlink Lesson – The Ice Cream Stand
- 6th -8th Powell Center Lesson – Apples Juice Up Economics
- 6th-12th Activity – Interview an Entrepreneur
23. Marketing
- 1st-2nd Activity – My Favorite Toy
- 3rd-5th Activity – Consumption and Production Charades
- 3rd-5th Activity – My Favorite Restaurant
- 3rd-5th Activity – Create a Flyer
- 3rd – 5th Activity – Collage of Brands
- 6th-8th Activity – Collage of Brands
- 6th-8th Logo Slideshow for Collage of Brands
- 6th-8th Activity – Consumption and Production Charades
- 6th– 8th Econedlink Lesson – The Ice Cream Stand
- 6th-12th Activity – Beauty is…6th-12th Powell Center Lesson – Price as an Allocator
- 6th-12th Econedlink Lesson – Marketplace: The Trouble with Truffles
- 6th-12th Econedlink Lesson – The Higher You Climb, the More You Pay
- 9th–12th Activity – Closing the Deal
- 9th-12th Activity – Compose a Jingle
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.)
- Creativity and Innovation
- 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