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.
- Marginal Analysis
- Diminishing Marginal Utility
- 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.
- Budget Deficit
- Budget Surplus
- Standard #17: Government Failure
- Standard #20: Fiscal and Monetary Policy