Students use benefit/cost analysis to make decisions about housing
| Grades |
Characteristics |
Cost |
| 9–12 |
- Eight lessons covering economics basics about financing and buying a home
- Essay contest with cash prizes for top seven winners
- Helps students become college and career ready
|
Complimentary |
Key Lessons
- Credit
- Housing price determination
- Earning and income
- Interest rate determination
- Different types of mortgage loans
- The potential dangers of ignorance from borrowing to finance a home loan
- Concepts of scarcity, benefit/cost analysis, supply and demand and price determination in the product, labor and financial markets
Benefits
- Teaches students how to apply benefit/cost analysis to home ownership
- Students understand basic economics concepts
The Contest
- Students write an essay explaining how the “Living the American Dream” program has influenced their thinking about home ownership. Teachers select and submit one essay from their class. The essays are judged and the writers of the seven best essays receive cash prizes.
California Council on Economic Education