The Economics of Lemonade Stands

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

My daughters and their pal are 5 and 6 years outdated. The lesson I gave them was a really temporary and fundamental one. However that did remind me that EconEdLink provides 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 college and center college college students. The lesson plan makes use of the backdrop of internet hosting a lemonade stand to assist college students study provide and demand, pricing, and just a little bit about lemons themselves. The sources for lecturers who use this lesson plan embody tally charts for college kids to finish, a script for just a little play about lemonade stands, and even a recipe for making lemonade from scratch. 

On a associated observe, 5 years in the past Quick Firm produced this video by which they interviewed the “CEOs” of lemonade stands. It is a cute and insightful video that’s properly value 4 minutes of your time.