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Lesson Plan

Econ Ed Link: The Economics of Homebuying

Curated by ACT

This lesson plan analyzes the costs and benefits of homeownership and asks the student to describe the factors that affect affordability, use cost-benefit analysis and knowledge of home-buying procedures to reduce the costs, analyze the factors that affect the cost of a mortgage, and read/interpret charts and graphs.

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Concepts
demographics, cost-benefit analysis, interest rates, opportunity cost, buying a house
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Additional Tags
buy house, econedlink, lesson plans, council for economic education, econedlink: the economics of homebuying, economic decisionmaking, median household income, mortgage, cost of mortgage, costs benefits of homeownership, economics of homebuying, home-buying procedures, learning exercises activities
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Classroom Considerations
  • Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional