Economy About “It” —— Pet Funeral Planning And Prospects
In today's increasingly rich material life, people's spiritual needs are gradually rising.
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A Global Learning and Awarding Program for Student Innovation Projects
"The challenges facing the global economy are too complex to be left to a small group of experts. We need young people with fresh perspectives and innovative ideas to tackle these challenges and create a more equitable and sustainable economic system."
- Christine Lagarde
President of the European Central Bank
Objectives of
Next Responsible Idea
To provide high school students with a hands-on learning experience in economics, entrepreneurship, and innovation.
To promote critical thinking, problem-solving, and creative thinking skills among students.
To encourage students to apply economic theory and concepts to real-world situations.
To contribute to the economic development and improvement of local communities.
Triple Solution Framework
Next Responsible Idea fosters critical thinking by prompting students to generate solutions in three forms: improving business practices, suggesting policy changes, and creating social entrepreneurial ventures. This approach deepens their understanding of economic principles in action and enhances awareness of diverse stakeholder perspectives in problem-solving.
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Improving Business Practices
Enhancing business practices taps into the market's power, leveraging the spontaneity of market dynamics governed by the law of value. Even a minor shift in business behavior can significantly impact the market. Students are encouraged to analyze problems through the lens of the market economy, proposing improvements and elucidating how these changes align with economic principles to address the current issue.
Suggesting Policy Changes
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While market power is considerable, there are instances, like in the presence of externalities, where market mechanisms may fail, necessitating the introduction of administrative measures. When suggesting a policy change, students delve into public management perspectives, proposing, assessing the effectiveness, and explaining the economic transmission mechanism of the policy. This process involves balancing diverse stakeholders, and considering equity, rationality, and implementation costs of the proposed policy.
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Creating Social Entrepreneurial Ventures
Social enterprises, blending market prowess with social responsibility, strive to address societal issues and enhance public welfare. Despite profitable business models, their core objective is not profit maximization but rather the maximization of social benefits. To craft a social entrepreneurial venture to tackle the identified economic issue, students design business models, products, or services, plan operations, create financial projections, and demonstrate how economic principles contribute to problem-solving.
"Mastering economics is not just about getting good grades or a good job. It is about using economic principles to create a better world. We need young people who can think outside the box and come up with new solutions to old problems."
- Paul Krugman, Nobel Laureate in Economics
Knowledge and Skills to Master
At Next Responsible Idea
Economic Concepts
Entrepreneurship
Communication
Culture Competency
Data Analysis
Innovation
Ethics
Problem-Solving
Sample Projects
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