Math Lit Standard 4

Model with mathematics.

Mathematically proficient students can:

  • Use a variety of methods to model, represent, and solve real-world problems.
  • Simplify a complicated problem by making assumptions and approximations.
  • Interpret results in the context of the problem and revise the model if necessary.
  • Choose a model that is both appropriate and efficient to arrive at one or more desired solutions.
Grades 6-8  
Course
Unit (if appropriate)
 Activity
Introduction to Business View the video Order Taker, if available.  Or, instruct students on the various techniques of computing sales with sales taxes.  Worksheet is attached. 
Computer Applications Instruct students to make a list of the gifts they would like to purchase for their families for Christmas.  Research the price of the gifts and make a spreadsheet with each students' gift list with amounts.  Add the cost of gifts using the SUM function.   
Personal Finance Teach students to calculate wages and interest income.  Worksheet is attached. 

 

Grades 9-10  
Course
Unit (if appropriate)
 Activity
Introduction to Business or Economics Use the Lemonade Stand simulation to help students understand the laws of supply and demand.  Worksheet is attached.   
Introduction to Business or Economics Use the Minneapolis Federal Reserve CPI calculator to understand how inflation affects them.  Also, teach students to calculate changes in purchasing power.  Worksheet (Figuring Inflation) is attached. 
Personal Finance Demonstrate the difference between paying cash for a purchase and buying on credit.  Show the true cost using different interest rates and payoff times.
 
Grades 11-12  
Course
Unit (if appropriate)
 Activity
Economics Teach students about the fluctuating exchange rates of various currencies.  Worksheet is attached. 
Economics Teach students to convert foreign currency into US dollars by completing the Gang of 15 project.  Worksheet is attached.
Personal Finance Teach students to calculate home loans.  Also, show them to use available resources.  Worksheet is attached.
 
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