Election Lessons
We have provided you several EconEdLink lessons and interactives that you can use with your students as you discuss the elecition issue of Budget. These resources are at no cost to you and can be accessed from any computer. Note that there is a teacher version, a student version and a mobile version for each one of the lessons.
Students serve as an Economic Advisor to the President, who must increase military spending out of political necessity, but needs to reduce spending in other programs to limit the deficit. Conflicting goals create a need for compromise and tradeoffs to create a national budget, while trying to...
WHERE DID ALL THE MONEY GO? The Great Depression Mystery
In this lesson, the students read a brief passage that poses the mystery, "How did the Great Depression happen?" As detectives, they gather clues using the Internet to investigate the mystery through a series of clue sheets. In the first step they complete a retrieval chart to summar...
Keynes vs. Hayek: The Rise of the Chicago School of Economics
Economic freedom is freedom from government intervention in the production and distribution of goods and services. After World War II, governments were trying to rebuild their economies from the ground up. They looked to the ideas of the top economists of their day for guidance. These ideas have s...
The students sharpen their graphing skills by interpreting the relationship between changes in the unemployment rate (%) and real GDP. From this graph, students will determine the natural rate of GDP growth for the U. S. Economy since 1960. They draw the linear relationship between the change in u...
Understanding the Debt Ceiling Debate and the Budget Control Act of 2011
This lesson provides an introduction and an overview of the Budget Control Act of 2011. Students will be given information about the legislation and presented with different proposals for dealing with the long-term deficit problem of the United States.
Consumers are faced with tough choices because so many innovative and exciting products and services are available. Therefore, engraining a decision-making process that includes considering of opportunity cost is necessary to shape future consumer behavior.
Making Sen$e with Paul Solman: Reagan Budget Chief Defends Obama Budget ReformsINTERACTIVE
Paul Solman talks with David Stockman, former Reagan budget chief about the proposal to tax banks on their size and amount of risk.
Budget Deficits and Public DebtINTERACTIVE
This video teaches the concepts of Budget Deficits and Public Debt. If taxes collected are less than the money spent in a given year, the government has a budget deficit. When a budget deficit occurs, the government borrows the money that it needs to finance its expenditures. For example, the U.S. g...