Grade 9-12
,
Activity
Examining How Political Beliefs Influence Economic Decisions
Objective
Students will be able to:
- Determine how political beliefs affect economic decisions.
Standard
National Standards in Economics
Role of Government and Market Failure
Standard: 16
- Students will understand that: There is an economic role for government in a market economy whenever the benefits of a government policy outweigh its costs. Governments often provide for national defense, address environmental concerns, define and protect property rights, and attempt to make markets more competitive. Most government policies also have direct or indirect effects on people's incomes.
- Students will be able to use this knowledge to: Identify and evaluate the benefits and costs of alternative public policies, and assess who enjoys the benefits and who bears the costs.
Concepts
![](https://preview2.econedlink.org/wp-content/uploads/2021/07/iStock-1019729218-1024x576.jpg 1024w, https://preview2.econedlink.org/wp-content/uploads/2021/07/iStock-1019729218-300x169.jpg 300w, https://preview2.econedlink.org/wp-content/uploads/2021/07/iStock-1019729218-768x432.jpg 768w, https://preview2.econedlink.org/wp-content/uploads/2021/07/iStock-1019729218-1536x864.jpg 1536w, https://preview2.econedlink.org/wp-content/uploads/2021/07/iStock-1019729218-2048x1152.jpg 2048w, https://preview2.econedlink.org/wp-content/uploads/2021/07/iStock-1019729218-100x56.jpg 100w)
In this economics activity, students will analyze a political cartoon to examine how beliefs influence economic decisions.
Resources
Procedure
This individual activity asks students to review a political cartoon and answer questions that help them examine what they know about politics. Political beliefs and philosophies can differ greatly within the nation, within a state, within an organization, and even within families. Those differences influence how the political system works and can lead to a variety of outcomes that affect the overall economy. To complete this activity, students should follow the instructions below:
- Review the cartoon on slide 2 of the “Political Beliefs and the Federal Budget” PowerPoint.
- Then, play the Quizizz Activity, worksheet, or ReadyAssessments Activity about the political process.
- Review the answer key