Standard 10 addresses a topic of housing alternatives, explaining the responsibility of renting versus owning a home. Students are required to compare the costs and benefits of renting versus buying a home, explain the elements of a standard lease agreements, and describe the elements of a mortgage.
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Suggested Unit Progression
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Unit 10.Housing
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Suggested Instructional Class Periods:
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Semester Course:
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Embedded in a Course: (9 weeks)
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6
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4
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Oklahoma Academic Standard:
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PFL.10 The student will explain and compare the responsibilities of renting versus buying a home.
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Essential Questions:
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How do people meet their needs and wants?
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How do financial decisions impact individuals and society?
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Why and how do people prepare and respond to challenges and change?
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What makes a financially responsible citizen?
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Supporting Questions:
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How do individuals and families determine appropriate housing for their needs and circumstances?
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What are the costs and benefits of various housing options?
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Why should consumers be aware of the components and requirements of a lease?
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How do many consumers purchase their own homes?
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What are the different options available for home loans?
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