Unit 3: Lesson 17 - Creating and Using a Budget This lesson focuses on using budgeting to maximize consumer satisfaction. It describes a flexible view of budgets, linking them to markets and market information, and demonstrates how and why budgets should be reviewed and modified often. Concepts: - Budget
- Choice
- Income
- Price
- Marginal Analysis
- Diminishing Marginal Utility
- Substitute
- Utility
Standards: - Standard #1: Scarcity
- Standard #2: Decision Making
- Standard #8: Role of Prices
 Unit 6: Lesson 36 - Should We Worry About the National Debt? Students discuss the size of the current national debt and what this means. A class discussion covers the causes of the debt, how it is financed, definitions of a budget deficit and budget surplus, and the difference between a budget deficit and a trade deficit. Students then participate in an activity presenting different perspectives on whether the national debt is a problem of major concern. Concepts: - Budget
- Budget Deficit
- Bonds
- Budget Surplus
- Bond
Standards: - Standard #17: Government Failure
- Standard #20: Fiscal and Monetary Policy
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