While I was in my senior year of High School I was required to take economics. In this class as part of our curriculum we did two interesting things:
1) We split into teams and competed against each other in computer simulations based on business. We had to figure out the price as well as budget for R&D, advertising, etc… It was a little like the old Lemonade Stand game (which I mastered in elementary school), if you remember that, but obviously more complex. We then wrote a collective group paper detailing what worked for our group and why based on economic principles.
2) We also had our own class-based business for the term. Our class product was little graduation stuffed animals (it was our senior year after all). We all invested a small amount and put the product together and sold it to classmates and family. Continue Reading