Happy EconEdMonth! Celebrate economics all month long by visiting EconEdMonth.org

Grade 9-12
,
On-Demand Webinar

Teaching Fiscal Policy in the COVID Era: Fiscal Stimulus vs. National Debt

Time: 60 mins,
Presenter: William Bosshardt
Teacher Version
Objective Standards Summary Description Resources
Print

Objective

Teachers will be able to:

  • Describe the immediate benefits of a fiscal stimulus when an economy is in a recession.
  • Explain the long-term costs of a fiscal stimulus when an economy is in a recession.
  • By comparing the immediate benefits to the long-term costs, decide if fiscal stimulus is warranted during recessions.

Standards

State Standards

Concepts

Budget Deficits and Public Debt, Fiscal Policy, Incentives

This video is available to view for EconEdLink members only.

In this economics webinar, teachers will examine the benefits of fiscal stimulus versus the costs of increased debt.

Description

A debate currently ongoing in Congress is over whether the economy is in need of more aid and stimulus as the pandemic continues. The lesson includes use of a jigsaw activity in which students examine various economic and social measures, and after considering the information, deciding on if they believe future aid and stimulus is needed at the risk of longer term debts.

This is part of a special, three part series.

Resources

Subjects:

Related Resources

Grades 9-12

Federal Budget: The Fiscal Ship Game

In this lesson, updated with 2023 statistics, students learn about the challenges of the federal debt and play the Fiscal...
Key Concepts: Budget Deficits and Public Debt, Fiscal Policy, Roles of Government
120 mins
Lesson

Content Partner

Grades 6-8

Dinner Discussions at Maggie Walker's House

Students study historic objects, photographs and documents, research influential members of the African American community and role-play a dinner party...
Key Concepts: Banking, Decision Making, Entrepreneurship…
3 class periods
Lesson

Grades 9-12

Can You Allocate Ethically?

In Lesson #4 from the Ethics, Economics, and Social Issues curriculum, students work in groups to analyze allocation methods, apply...
Key Concepts: Allocation, Decision Making, Incentives…
45 mins
Lesson

Grades 9-12

Does Self-Interest Prevent Economic Justice?

In Lesson #7 0f the Ethics, Economics, and Social Issues curriculum, students explore basic ideas of justice by examing government...
Key Concepts: Decision Making/Cost-Benefit Analysis, Incentives, Veil of Ignorance
60 mins
Lesson