Economic Environment Student Activity – Buying a House

A great independent activity to help students understand the importance of changes in the economic environment; students use the various web-links provided to purchase a house and arrange a mortgage.

Via this PowerPoint activity, students then have to:

1. calculate the changes to the mortgage if interest rates rise
2. work out the rate of inflation for houses
3. see how much tax they’ll pay for their dream property, and
4. decide on the salary they’ll require for the lifestyle they desire!

It’s a fun activity that improves their financial literacy, consolidates learning on macro-economics and, most importantly, motivates them to work hard so that they can afford that dream mansion in LA!