Nearpod version available

Grade 9-12
,
Lesson

Who Bears the Burden When a Tax Is Imposed on a Good?

Time: 180 mins,
Updated: March 24 2021,
Author: Johanna Botha
Teacher Version

Objective

Students will be able to:

  • Determine the value of a function when given the x value.
  • Apply mathematical knowledge of functions to an economic example.
  • Determine the value of a function at a given x value from a graph.
  • Determine the area under straight line graphs.
  • Determine the dead weight loss as well as the portion of tax paid by the producer and consumer using different graphs.
  • Determine whether a given event causes a shift in supply or demand.

Standards

National Standards in Economics

State Standards

Common Core State Standards

Concepts

Demand, Markets and Prices, Roles of Government

In this personal finance lesson, students will learn how to determine the function values of simple functions.

Resources

Procedure

Click NEARPOD VERSION: WHO SHOULD PAY TAXES ON GOODS? PART 1 and NEARPOD VERSION: WHO SHOULD PAY TAXES ON GOODS? PART 2 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,Math