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


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Concepts

Demand, Markets and Prices, Roles of Government

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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:

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