Economics · Week 14 · Government, the Macroeconomy, and Global Trade

Taxes, Spending, and Choices

Examining the aims of fiscal policy and modeling a budget in which different community members' needs compete for limited funds.

Social awarenessGrade 12About 20 minutesGrade 12, one semester

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Students will: Students describe the aims of fiscal policy, including taxation, borrowing, and spending, and its influence on production, employment, and prices, by weighing competing community needs in a model budget.
SEL skill: Describe how different community members might experience the same budget choice
What it looks like: Students practice understanding the needs and perspectives of different community members when resources are limited.
Content focus: Taxes, spending, and choices
Format: Small group problem-solving

Social awareness

Social awareness means understanding other people's perspectives and showing empathy, including for people whose lives and needs differ from yours. More social awareness activities

What you get

A teacher guide with what to say, step by step, plus student pages and a supports page for students with diverse learning needs, including those with IEPs. Print or Project it, or assign it in Google Forms and Google Docs for Google Classroom. Your first 10 activities are free.

Standards

12.3.3: CA History Social Science Content Standard, Grade 12: Principles of Economics (standard 12.3, item 3)
CA HSS Analysis Skill: HI6 Conduct cost benefit analyses and apply basic economic indicators to analyze the economy. (Historical Interpretation)
C3 Framework (national): D2.Eco.12.9-12 Evaluate the choice of monetary and fiscal policies under different economic conditions.
Literacy in history: RH.11-12.7 Integrate quantitative or technical analysis, such as charts and maps, with information in a text.

Fits these textbook chapters

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Trade Across Borders Social awarenessComparing gains from trade with the concerns of workers, businesses, and farmers about free trade, and listening for the interests behind each view.

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