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Grade 9-12

,

Lesson

Graphing and Interpreting Linear Relationships in the Context of Budgeting

Time: 60 mins,

Updated: March 24 2021,

Author: Signe Kastberg

Teacher Version

Objective Standards Summary

Objective

Students will be able to:

Create a graph representing a budget line and calculate the trade-offs of moving along the line.
Represent a budget line using an equation in two variables.
Predict transformations of the budget line given changes in income, changes in price of a good, or both.
Calculate an equation for a budget line.
Explain the meaning of the budget line in terms of personal finance.

Standards

National Standards in Economics

State Standards

Common Core State Standards

Concepts

Budgeting, Decision Making/Cost-Benefit Analysis

Subjects:

Economics,Personal Finance

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