Sign up for a FREE EconEdLink membership for access to a dashboard to save your favorite lesson plans and other resources, as well as a  20% discount at the Council for Economic Education store, offering best-in-class publications including Financial Fitness for Life, and High School Economics. BECOME A MEMBER!

Grade 6-8, 9-12
,
Video

Overview of the Budget Process | Animated Video

Updated: January 20 2017,
Author: , 
Teacher Version
Student Version
Standards Summary
Print

Standards

State Standards

Concepts

Budget Deficit, Budget Deficits and Public Debt, Decision Making/Cost-Benefit Analysis
Open Video

How is the federal budget established, what is influencing decision makers, and what do we need to know? Help students to get a sense of the federal budget process with this primer video based upon the Understanding Fiscal Responsibility background document https://econedlink.org/wp-content/uploads/legacy/UFR-Overview-of-the-Budget-Process.pdf.

Related Resources

Grades 9-12

Choosing Sides: Which Drivers Would You Insure?

In this personal finance lesson, students will participate in insurance pools to learn how car insurance markets deal with risks.
Key Concepts: Decision Making/Cost-Benefit Analysis, Insurance, Risk and Return
60 mins
Lesson
See Lesson

Grades 9-12

In the Market for a New Car?

In this personal finance lesson, students will learn by role-playing in the car buying process.
Key Concepts: Budgeting, Decision Making/Cost-Benefit Analysis
45 mins
Lesson
See Lesson

Grades 9-12

Car Loan Project

In this personal finance lesson, students will evaluate different advertisements about cars to learn about the car buying process.
Key Concepts: Decision Making/Cost-Benefit Analysis, Scarcity
90 mins
Lesson
See Lesson