Fiscal Policy

Understanding Taxes and Fiscal Policy

Objective:

• Students will differentiate between the different types of taxes and understand how the government utilizes the collected revenue.
• Students will explain fiscal policy and its application in mitigating recession and inflation.

Components:

1. PowerPoint Presentation:
   

• A detailed presentation that introduces the types of taxes, the concept of fiscal policy, and its relevance in current economic scenarios.
• Visual aids and infographics to simplify complex concepts.

1. Guided Notes:
   

• Complement the PowerPoint, ensuring students can follow along and retain key information.
• Include prompts and questions to encourage critical thinking.

1. Activities:
   

• Immediate Activity: Engage students with interactive scenarios or problems related to fiscal policy immediately after the PowerPoint to reinforce learning.
• Economic News Analysis Activity:
  • Task: Students find a recent news article discussing fiscal policy actions like changes in taxation or government spending.