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Learners list things they have wanted that their parents have said they couldn't afford-say, designer clothes, games, bikes, stereos, etc. Explain what is meant by the high cost of living.
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Two Worlds: An Economics Budgeting Project
What sort of challenges does a low income American face as compared with those who are more fortunate? This project allows learners to compare and contrast the budgeting process of both demographics, and to reflect on the real-world...
10th - 12th Social Studies & History CCSS: Adaptable
What is the Importance of Developing Job Skills?
Financial literacy is the way to teach! The class works in small groups to discover the relationship between education and income level. They use their math and problem-solving skills to complete two different activities. They work out a...
7th - 8th Math
Money Matters: Why It Pays to Be Financially Responsible
What does it mean to be financially responsible? Pupils begin to develop the building blocks of strong financial decision making by reviewing how their past purchases are examples of cost comparing, cost-benefit analysis, and budgeting.
9th - 12th Math CCSS: Adaptable
Debt Elimination - Power Tools for Building Wealth
What does it mean to be wealthy? Your learners will consider how carrying debt affects budgeting, and learn about the debt snowball strategy and how is it used in the concept of eliminating debt in order to build wealth.
10th - 12th Math CCSS: Adaptable
The Fiscal Cliff
What is the fiscal cliff, what does it imply, and why are some people fearful of it? This video uses President Obama's proposed budget proposal of 2013 and that of republicans to provide a context for understanding the fiscal cliff. The...
12 mins 9th - 12th Social Studies & History CCSS: Adaptable
Understanding the Debt Ceiling Debate and the Budget Control Act of 2011
Learners listen to the EconTalk podcast with economist Keith Hennessey before diving into an economics instructional activity. They are shown how the Congressional Budget Office calculates their yearly spending. Then they read the Budget...
9th - 12th Social Studies & History
Becoming a Wise Consumer: Creating a Budget
Can your teenagers afford their lifestyle choices? After they've learned about unit pricing (this lesson plan is linked), a personal budgeting activity has learners track their spending for an entire week. Groups begin by defining needs...
7th - 12th Math CCSS: Designed
Economics Budget Project
Check out this traditional economics project on budgeting for its great additional materials, which include samples as to how learners can write proper goal/income/expenditure/balanced budget analyses, as well as an Excel spreadsheet...
11th - 12th Social Studies & History CCSS: Adaptable