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Nearpod version available

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 Resources Procedure
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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/Money Managment, Cost-Benefit Analysis 1, Marginal Analysis 2

In this personal finance lesson, students explore budget constraints by solving a contextual problem.

Resources

Procedure

Click NEARPOD VERSION: USING LINEAR FUNCTIONS TO UNDERSTAND BUDGETING to access an interactive version of the lesson powered by Nearpod: students interact and respond to questions on their device, and teachers will see their responses in real time!

Subjects:
Economics,Personal Finance

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