I feel modern curriculum for children lack education in basic concepts of economics – these basic ideas as so basic that we need not wait till college to teach them formally – I’m talking about things like:

  • what are prices and how do they arise, Why is something expensive or cheap?

  • ‘cooperation vs competition’,

  • the basic idea of a prisoner’s dilemma,

  • tragedy of the commons,

  • iterated vs one-time games,

  • what is a strategy,

  • what are ‘incentives’,

  • how should one reason about the incentives of a party in any given situation, etc.

  • basic principles of psychology: what is the other party thinking? How am I feeling and why?

I feel these topics can be introduced to kds as young as 8-9 years, via a carefully curated material that is practical and engaging. I intend to pursue this, starting small in 2024. If this resonates with you or if you have comments or would like to collaborate on this, please write to me at my firstname dot lastname at gmail.