Related Lessons

Interactive Tool: Budget Odyssey

Constitution Costs

This lesson helps students understand the basic services provided for Americans in the United States Constitution and the necessity of a system of taxation to fund those services. Students will debate the pros and cons of having governments fund and provide particular services.

Grades: 9-12
Published: 10/18/2002

Trish and Scott's Big Adventure: An Investigation of Regional Housing Costs

This lesson has students explore differences in regional housing costs, determine the percentage of gross income spent on housing, assess the impact of housing costs on a relocation decision and recognize wages and housing costs are prices.

Grades: 9-12
Published: 11/03/1999


Students take an interest inventory test that gives them a list of careers from which to choose. Once they select a career they are given the annual median wage for that career. Students are taught how to make a table, label a graph’s axes, title a graph, plot the first two points, and connect the points. Given their careers’ yearly salaries, students determine their monthly earned income and estimate how much they could be saving. Through a group discussion, students learn about taxes and monthly expenses.  They also learn about unexpected expenses and what they might do to prepare themselves for such events. After establishing their monthly budget, the students play a game called, “Wheel of Mystfortune.” Each spin of the wheel gives either an unexpected expense or a little extra money for the month. After each spin, the students have to figure out what their monthly savings are and write them in the table as well as graph the points. The students spin the wheel twenty-four times (two times each month), write their adjusted saving in the table and graph each point. When the students are done they come up with a line of best fit.Finally, the students use this knowledge and a graph to help determine their average monthly saving. 

Grades: 9-12
Published: 03/22/2016

Related Publications

The following lessons come from the Council for Economic Education's library of publications. Clicking the publication title or image will take you to the Council for Economic Education Store for more detailed information.

Learning, Earning and Investing: High School

This publication contains 23 lessons that introduce high school students to the world of investing--its benefits and risks and the critical role it plays in fostering capital formation and job creation in our free market system.

Grades: 9-12
Published: 2004

23 out of 23 lessons from this publication relate to this EconEdLink lesson.

Trading Around the World

Created as a supplement to existing middle school world geography and world history courses, the 5 units in this guide introduce students to the basics of global trade.

Grades: 6-9
Published: 2007

7 out of 7 lessons from this publication relate to this EconEdLink lesson.

Financial Fitness for Life: Grades 6-8 - Teacher Guide

This publication contains 17 lessons that complement the 6-8 Student Workbook. Specific to grades 6-8 are a variety of activities, including developing criteria that students think would make a good graham cracker and taste-testing to determine which graham cracker meets their needs; deciding which activities are better suited to careers or hobbies; and learning how important planning is to the success of any goal or event.

Grades: 3-5
Published: 2010

1 out of 19 lessons from this publication relate to this EconEdLink lesson.