You are here

Teaching Money Applications to Make Mathematics Meaningful, Grades 7-12
Share

Teaching Money Applications to Make Mathematics Meaningful, Grades 7-12



May 2007 | 168 pages | Corwin
To meet expanding demands of equity and accountability, and to help address the 'make it meaningful' and 'make it interesting' requirement for brain-friendly learning, teachers need  resources of authentic material to create problems they can  weave into their math curriculums. This book will help teacher to help their students develop money literacy along with mathematical literacy. The need is well understood because this knowledge is essential to everyday adult life. This book introduces students to buying a car, paying taxes, buying a house, and managing money. As social security disappears for this generation, it will become almost an ethical responsibility for schools to give students a head start on understanding the mathematics of investments. The book brings mathematics to life within an interesting and meaningful context.'' ''            Each chapter provides:''''''''Links to NCTM standards''Background knowledge for teachers to review and expand their own understanding knowledge of an area of personal money management, and to draw on to introduce the topic to their students''Specific examples to look at with students''Questions (with answers) for exploring the content and checking understanding of the underlying math''Suggestions for possible projects to extend and apply the learning.
 
Foreword by Charlotte Danielson
 
Introduction
 
Math Locator
 
About the Authors
 
1. Cars, Cars, and More Cars: Paying for Your Wheels
NCTM Standards Applied in This Chapter

 
Background: Basics of Buying Cars

 
Teaching Example 1.1. Car Costs

 
Teaching Example 1.2. MPG Plus

 
Teaching Example 1.3. Buy or Lease

 
 
2. Savings: Reality Check and the Difference Between Needs and Wants
NCTM Standards Applied in This Chapter

 
Background: Basics of Savings

 
Teaching Example 2.1. Budgets and Savings

 
Teaching Example 2.2. Future Value: A Geometric Sequence

 
Teaching Example 2.3. Annuities: A Geometric Series

 
 
3. Credit Cards and Debt Management: Using Credit Seems Unreal
NCTM Standards Applied in This Chapter

 
Background: Basics of Credit and Debit Cards

 
Teaching Example 3.1. Calculating Minimum Monthly Payments

 
Teaching Example 3.2. Credit Card Payoff: A Spreadsheet

 
 
4. Investments: The Basics and More
NCTM Standards Applied in This Chapter

 
Background: Basics of Investments

 
Teaching Example 4.1. Stock Prices and Percents

 
Teaching Example 4.2: Analyzing Graphs of Stock Prices

 
Teaching Example 4.3. Statistics of Stock I: Measures of Center, Standard Deviation, Normal Distribution

 
Teaching Example 4.4. Statistics of Stock II: Weighted Average, Correlation, Line of Best Fit

 
 
5. Buying a House Versus Renting: How Much Will It Cost?
NCTM Standards Applied in This Chapter

 
Background: Basics of Buying a House and Renting an Apartment

 
Teaching Example 5.1. Budgeting for a Down Payment

 
Teaching Example 5.2. Determining Mortgage Payments: Tables, Formulas, Spreadsheets

 
Teaching Example 5.3. Principal and Interest Functions

 
 
6. Taxes: How They Work
NCTM Standards Applied in This Chapter

 
Background: Basics of Income Taxes--Federal and State

 
Teaching Example 6.1. Income Tax and FICA

 
Teaching Example 6.2. Capital Gains and Losses

 
Teaching Example 6.3. How Uncle Sam Uses Tax Dollars

 
 
7. Economics: Supply and Demand, Inflation, and the GDP
NCTM Standards Applied in This Chapter

 
Background: Economics, Supply and Demand, Inflation, and the GDP

 
Teaching Example 7.1. Supply and Demand Functions

 
Teaching Example 7.2.: Inflation and the GDP

 
 
8. In Business for Yourself: Business Plan and Break-Even Analysis
NCTM Standards Applied in This Chapter

 
Background: In Business for Yourself--A Business Plan and Break-Even Analysis

 
Teaching Example 8.1. Starting a Business: Pro Forma Income Statement

 
Teaching Example 8.2. Revenue, Costs, and Break-Even Points

 
 
Selected List of Formulas
 
Excel Spreadsheet Hints
 
Money Glossary
 
Index

"GREAT content, GREAT activities, GREAT explanations!"

Joyce Deer, Math Teacher
North Pike High School, Summit, MS

"A valuable addition to the literature on the practical use of mathematics in the real world. This book will contribute to the improvement of monetary connections within secondary mathematics as well as financial literacy in our country."

Edward C. Nolan, Mathematics Department Chairperson
Albert Einstein High School, Kensington, MD

"I can see students getting excited with these math problems, knowing that it is useful material."

Lyneille Meza, Math Teacher
Strickland Middle School, Denton, TX

"Helps drive home the message that mathematics is a subject that finds its way into all kinds of professions."

MAA Reviews, October 2007
Mathematical Association of America

"This resource effectively links research to practice, resulting in a contextual approach to math instruction using money as a unifying theme. The authors clearly illustrate that linking outcomes to engaging real-world applications can develop financially savvy students."

Curriculum Connections, Spring 2008
School Library Journal

Preview this book

Purchasing options

Volume Discounts Available

contact corwin

Please select a format:

ISBN: 9781412941396

Order from:

ISBN: 9781412941389