EconEdLink: Where Does the Money Come From?

Details

Activity Description

 

Preparation

1. Review the lesson plan and activities.
2. Create a worksheet using problems and questions from each activity. Be sure not to include the answers.
3. Gather enough calculators for each student.

How-To

Activity 1

1. Introduce the lesson and discuss the importance of taxes.
2. Pass out the worksheet and have students slowly work through each problem. Ask for volunteers to work the problems on the board.
3. Discuss each type of tax.

Activity 2

1. Discuss the different kinds of taxes
2. Give students time to answer the questions on their worksheet and, if possible, take the Drag and Drop matching quiz.

Activity 3

1. Introduce the activity and discuss sales tax.
2. Give students time to complete their worksheet.
3. Have volunteers show their work.

Teacher Tips

Check the wonderful economics definition list at http://ecedweb.unomaha.edu/THEN/conceptdefinitions.html , or go to http://ecedweb.unomaha.edu/teachsug.cfm for an online webquest about Economics

More Ways

Check the "Great Economics Lessons" at http://ecedweb.unomaha.edu/lessons/lessons6-12.cfm Go to 'Multimedia' to see several short videos on different topics. Good for listening practice.

Program Areas

• ASE: High School Diploma
• ABE: Adult Basic Education
• ASE: High School Equivalency Preparation

Levels

• All Levels

Documents

• Where Does the Money Come From.png - Screenshot of Where Does the Money Come From Lesson

Subjects

• Math
  • Algebra
• Social Studies
  • Economics

Standards

• Measurement and Data
  • 5.MD.2 - Represent and interpret data.
• Functions
  • 8.F.1,3 - Define, evaluate, and compare functions.
• Algebra: Seeing Structure in Expressions
  • A.SSE.1-2 - Interpret the structure of expressions.

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