But incentives also help motivate people in a variety of other settings, such as encouraging students to do their best in school, helping reduce traffic jams, or even nudging someone to save more or to exercise regularly. Economics is a practical and powerful tool for understanding how we relate to each other. And that’s why what you do for your students is so important.
Like all teachers, you are helping prepare them for success in life. The knowledge you impart and the intellect and talents you help develop are tools that your students can use to achieve that success. Economics teaches analytical and critical thinking skills useful to anyone.