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Worksheet
Student Handouts

Budgets and Deficits

For Students 8th - 12th Standards
There's a lot to learn about the savings and loan crisis. Start off your learners with a quick reading assignment. Pupils read the brief informational article and respond to three questions about the savings and loan crisis, thrifts, and...
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Lesson Plan
Council for Economic Education

Preparing a 1040EZ Income Tax Form

For Teachers 9th - 12th Standards
Some of us never feel like we know how to do our taxes! Help scholars understand the process early by using an informative resource. They fill out their own tax forms in a simulation activity and view multiple resources to learn even...
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Lesson Plan
Carolina K-12

Learning About the Federal Budget: “Get a Pencil, You’re Tackling the Deficit!”

For Teachers 10th Standards
Your class members have been selected by the president to help solve the budget crisis as part of a special deficit commission. After learning about fiscal policy, economic theories, and the federal budget through a detailed PowerPoint...
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Lesson Plan
Council for Economic Education

Federal Budget Lesson Plan and Fiscal Ship Student Game

For Teachers 9th - 12th Standards
The federal budget has never been so fun! Using an interactive game, high schoolers choose from a variety of policy options after identifying goals and try to balance these changes in policy with a federal budget. 
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Lesson Plan
Council for Economic Education

The Role of Government: The Federal Government and Fiscal Policy

For Teachers 9th - 12th Standards
Give learners a crash course in balancing the books on the United States federal government level with an economics and government resource. Class members engage in a warm-up discussion and brainstorming session before answering...
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PPT
Curated OER

Understanding Tax: Your Role as a Tax Payer

For Teachers 9th - 12th
Every adult should know that it is their responsibility to help fund public goods and services by paying taxes. Help young people get a handle on the history, evolution, purposes for, and reasons why they should pay taxes too. 
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Lesson Plan
Curated OER

Preparing a 1040EZ Income Tax Form

For Teachers 11th - 12th
What do you do at the end of the year when your W2 arrives? File a tax form! Show learners how they to can fill out a basic 1040EZ tax form and play their part as tax paying citizens. Monetary denominations are provided for filling out...
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Lesson Plan
Curated OER

I'm The Taxman!

For Teachers 6th - 12th
Students develop an understanding of how federal revenues are gained by taxes. This foundation enable students to decipher changes in federal tax policy. Groups of students study different types of taxes and prepare presentations on each...
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Lesson Plan
Curated OER

Should America Balance the Federal Budget?

For Teachers 9th - 12th
Young scholars analyze the federal budget of the United States. In this national debt lesson plan, students listen to their instructor present a lecture regarding the details of the balancing the federal budget. Young scholars respond to...
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Lesson Plan
Curated OER

Basic Budgeting

For Teachers 6th - 9th
Students create a personal budget.  For this creating a personal budget lesson, students create a list of 3 necessary things they need to survive.  Students rank these things in order of importance and determine their cost.  Students...
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Unit Plan
University of Missouri

Money Math

For Teachers 5th - 8th Standards
Young mathematicians put their skills to the test in the real world during this four-lesson consumer math unit. Whether they are learning how compound interest can make them millionaires, calculating the cost of remodeling their bedroom,...
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Lesson Plan
Curated OER

Taxes: Where Does Your Money Go?

For Teachers 9th - 12th
Students explore the concept of taxes. For this tax lesson, students investigate types of taxes and deductions taken out of a paycheck before they see it. Students calculate the tax on a given dollar amount. Students discuss 401(k)s...
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Activity
Federal Reserve Bank

FRED in the Classroom: Debt and Deficit

For Teachers 10th - 12th Standards
Here is a hands-on activity where your class members will discover different ways to measure the government's financial situation and work to add data and redraw graphs in order to calculate the ratio of gross federal debt held by the...
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Activity
Conneticut Department of Education

Personal Finance Project Resource Book

For Teachers 6th - 12th
Balancing a budget, paying taxes, and buying a home may feel out of reach for your high schoolers, but in their adult years they will thank you for the early tips. A set of five lessons integrates applicable money math activities with...
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Lesson Plan
Curated OER

The Tax Man Cometh

For Teachers 8th - 12th
Learners examine websites and resources related to Bush's 2001 tax plan. They discuss the history of taxes and other tax topics. They look for evidence in the local newspaper of government spending at work.
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Unit Plan
Federal Reserve Bank

It's Your Paycheck

For Teachers 6th - 12th Standards
Beyond reading and arithmetic, one of the most important skills for graduating seniors to have is fiscal literacy and responsibility. Start them on the right financial track with nine lessons that focus on a variety of important personal...
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Lesson Plan
Curated OER

Married Math

For Teachers 7th - 8th
Students participate in a two-week real-life math unit. In pairs, they calculate salaries, taxes, and a budget, plan a vacation, buy insurance, make a will, and design a room. They conduct Internet research to plan the vacation, and...
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Lesson Plan
Council for Economic Education

Government Spending: Why Do We Spend the Way We Do?

For Teachers 9th - 12th
Students examine the categories for federal spending using the internet to locate them. They create a list of expenditures noting them as government purchases or transfer payments. They analyze the patterns of spending during the past 40...
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Lesson Plan
Curated OER

Introduction to the National Debt

For Teachers 9th - 11th
Students relate the national debt to the economy. In this algebra lesson, students discuss what the national debt is, create a national budget based on priority and what the government should spend money on. They analyze their findings...
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Lesson Plan
Curated OER

Paying for Government Services

For Teachers 5th - 8th
Students identify major sources of revenue for government spending and identify the type of tax that makes up the largest percentage of the federal budget. They are introduced to the major services provided by local, state and national...
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Lesson Plan
Curated OER

Raising Money for Government Services

For Teachers 9th - 12th
Students evaluate how money is raised to pay for government services. They describe why governments need revenue to provide goods and services. They create a list of government expenditures at the federal, state and local levels. They...
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Lesson Plan
Curated OER

Alleviating Poverty

For Teachers 7th - 12th
Students explore the prevalence of poverty. For this global studies lesson, students participate in a budgeting simulation. Students also research world poverty statistics and discuss the social issue. Students consider steps they can...
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Lesson Plan
Curated OER

The Role of Government

For Teachers 9th - 12th
Students are introduced to the economic roles of the federal government. Using the internet, they read information related to government spending and the actual dollar amounts attached to budget items. In groups, they develop their own...
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Lesson Plan
Curated OER

Uncle Jed's Barbershop

For Teachers 4th
Fourth graders examine productive resources. In this economics lesson, 4th graders read a book about a man who saves money to buy his own barbershop. After reading, students get into groups to play a game to learn about savings.