{"id":196,"date":"2026-08-16T03:55:23","date_gmt":"2026-08-16T03:55:23","guid":{"rendered":"https:\/\/mercyamwell.com\/?page_id=196"},"modified":"2026-10-14T08:27:28","modified_gmt":"2026-10-14T08:27:28","slug":"economics-for-schools","status":"publish","type":"page","link":"https:\/\/mercyamwell.com\/?page_id=196","title":{"rendered":"Economics for Schools"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"693\" height=\"245\" src=\"https:\/\/mercyamwell.com\/wp-content\/uploads\/2026\/08\/School-Economics-TS-1.gif\" alt=\"\" class=\"wp-image-204\"\/><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">In their site, Durham University describes the study of economics as &#8216;<em>not only about money, numbers or mathematics. <strong>It&#8217;s another way of looking at the world.<\/strong> To truly understand economics, you will also study aspects of politics, history, psychology and sociology.&#8217;<\/em><\/p>\n<\/blockquote>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>Excerpts from the Speech on Lesson Plans &#8211; By Deena<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ice Breaker: <strong>Why some countries are rich; and some, poor?&nbsp;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"616\" src=\"https:\/\/mercyamwell.com\/wp-content\/uploads\/2026\/09\/School-Inflation-RKL-1-1024x616.gif\" alt=\"\" class=\"wp-image-384\" srcset=\"https:\/\/mercyamwell.com\/wp-content\/uploads\/2026\/09\/School-Inflation-RKL-1-1024x616.gif 1024w, https:\/\/mercyamwell.com\/wp-content\/uploads\/2026\/09\/School-Inflation-RKL-1-300x180.gif 300w, https:\/\/mercyamwell.com\/wp-content\/uploads\/2026\/09\/School-Inflation-RKL-1-767x461.gif 767w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>My Grandpa talks about his times, 1960s; when 1 litre petrol was Rs 3.60. Are increase in prices here to stay?<\/em><\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Reservations:<\/strong> There may be apprehensions on introducing this subject to STEM students as being akin to opening up a front that may fuel restlessness among the youth; lowering their employability in terms of compliance with organizational rules and behaviour.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the other hand, <strong>the counter arguments are heavily in favor, more so due to the current transience to AI driven organizations and economies<\/strong>. After all, with Democracies having lowered voting rights to age 18 while in India, the age of marriage has been raised to 21 &#8211; there remains a hunger in youth that goes beyond Science and Arts <strong>to understand the System of the World they are entering into.<\/strong><\/p>\n<\/blockquote>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"585\" src=\"https:\/\/mercyamwell.com\/wp-content\/uploads\/2026\/09\/School-Inflation-Palki-Sharma-1024x585.gif\" alt=\"\" class=\"wp-image-392\" srcset=\"https:\/\/mercyamwell.com\/wp-content\/uploads\/2026\/09\/School-Inflation-Palki-Sharma-1024x585.gif 1024w, https:\/\/mercyamwell.com\/wp-content\/uploads\/2026\/09\/School-Inflation-Palki-Sharma-300x171.gif 300w, https:\/\/mercyamwell.com\/wp-content\/uploads\/2026\/09\/School-Inflation-Palki-Sharma-767x438.gif 767w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Quite right. After all, what is Education without Financial Literacy?<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>The Study of Economics may therefore be presented as Systems by which nations trade with each other as well as Sub-systems within nations.<\/strong> A basic example of Systems being the Trade in Energy such as Oil; Garment Exports and IT services. For Subsystems the choicest topics may be Farm Economies, Housing and Real Estate as well as any of the steel based industry, typically automobiles.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Ice Breaker: <strong><em>In this day and age, why do we have wars? <strong><em>What are the main causes<\/em><\/strong><\/em><\/strong>?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;Draft &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The Proposed &#8216;Economics for Schools <strong>is available for those interested.<\/strong><\/strong> It includes, apart from the  <strong>Chart of Topics,<\/strong> corresponding writeups and examples, <\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>Under Review<\/strong> by V. Dinesh, MA Economics<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In their site, Durham University describes the study of economics as &#8216;not only about money, numbers &hellip; <a title=\"Economics for Schools\" class=\"hm-read-more\" href=\"https:\/\/mercyamwell.com\/?page_id=196\"><span class=\"screen-reader-text\">Economics for Schools<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-196","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/mercyamwell.com\/index.php?rest_route=\/wp\/v2\/pages\/196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mercyamwell.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mercyamwell.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mercyamwell.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mercyamwell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=196"}],"version-history":[{"count":8,"href":"https:\/\/mercyamwell.com\/index.php?rest_route=\/wp\/v2\/pages\/196\/revisions"}],"predecessor-version":[{"id":440,"href":"https:\/\/mercyamwell.com\/index.php?rest_route=\/wp\/v2\/pages\/196\/revisions\/440"}],"wp:attachment":[{"href":"https:\/\/mercyamwell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}