Education & Family

The Economics of Lemonade Stands

Just a few weeks in the past my daughters and one of their mates had a lemonade stand as half of our neighborhood-wide yard sale. The day earlier than that I Tweeted that I needed to give a bit of economics lesson to my children as a result of we had spent $15 on provides they usually wished to cost solely 25 cents for a big cup of lemonade. 

My daughters and their pal are 5 and 6 years previous. The lesson I gave them was a really temporary and primary one. But that did remind me that EconEdLink presents a extra in-depth lesson plan constructed round internet hosting a lemonade stand. 

Lemon Squeeze – The Lemonade Stand is a free economics lesson plan designed to be used with elementary faculty and center faculty college students. The lesson plan makes use of the backdrop of internet hosting a lemonade stand to assist college students find out about provide and demand, pricing, and a bit of bit about lemons themselves. The sources for lecturers who use this lesson plan embrace tally charts for college kids to finish, a script for a bit of play about lemonade stands, and even a recipe for making lemonade from scratch. 

On a associated word, 5 years in the past Fast Company produced this video during which they interviewed the “CEOs” of lemonade stands. It’s a cute and insightful video that’s effectively value 4 minutes of your time. 

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