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

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


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About the Book

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.

Table of Contents:
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

About the Author :
Elizabeth Marquez is a mathematics assessment specialist at Educational Testing Service (ETS) in Princeton, New Jersey. Elizabeth has more than thirty years of mathematics teaching experience from elementary through graduate school. She is a recipient of the Presidential Award for Excellence in Mathematics Teaching and the Princeton University Prize for Distinguished Secondary School Teaching. Elizabeth is an author of ETS’s Teacher Assistance Package Guides in Mathematics, the New Jersey Core Curriculum Content Standards and Frameworks, Mathematics Standardized Test Prep, and for Eye on Education, with Charlotte Danielson, A Collection of Performance Tasks and Rubrics in Mathematics. Paul Westbrook, CFP, is President of Westbrook Financial Advisers, a fee-only financial and retirement planning firm in New Brunswick, New Jersey. Paul has spoken at financial planning and benefits conferences and has been quoted in Money magazine, Fortune, The Wall Street Journal, and Barron’s. He also teaches at the business school at Rutgers University. Paul has written several books: Word Smart for Business, Math Smart for Business, and Business Companion. He also wrote JK Lasser’s New Rules forRetirement and Tax.

Review :
"GREAT content, GREAT activities, GREAT explanations!" "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." "I can see students getting excited with these math problems, knowing that it is useful material." "Helps drive home the message that mathematics is a subject that finds its way into all kinds of professions." "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."


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Product Details
  • ISBN-13: 9781412941396
  • Publisher: SAGE Publications Inc
  • Publisher Imprint: Corwin Press Inc
  • Height: 279 mm
  • No of Pages: 168
  • Weight: 570 gr
  • ISBN-10: 1412941393
  • Publisher Date: 10 Jul 2007
  • Binding: Paperback
  • Language: English
  • Returnable: Y
  • Width: 215 mm


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