Related Capstone Lessons

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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