7th Grade Math Unit 12

Big Idea:

Develop an economic way of thinking to become a knowledgeable consumer and investor.

Student Expectations:

Focus TEKS

7.13(B) [Supporting] identify the components of a personal budget, including income; planned savings for college, retirement, and emergencies; taxes; and fixed and variable expenses, and calculate what percentage each category comprises of the total budget.

7.13(C) [Supporting] create and organize a financial assets and liabilities record and construct a net worth statement.

7.13(D) [Supporting] use a family budget estimator to determine the minimum household budget and average hourly wage needed for a family to meet its basic needs in the student’s city or another large city nearby.

7.13(E) [Supporting] calculate and compare simple and compound interest earnings.

7.13(F) [Supporting] analyze and compare monetary incentives, including sales, rebates, and coupons

Ongoing TEKS

7.3(A) [Supporting] Add, subtract, multiply, and divide rational numbers fluently.

7.13(A) [Supporting] calculate sales tax for a given purchase and calculate income tax for earned wages.

Student Learning Targets:

• I will create a personal and family budget
• I will calculate and compare simple and compound interest
• I will determine the most cost effective monetary incentive.

Essential Questions:

• How do we know which type of incentive is most cost effective?
• How much should my minimum monthly family budget be?

Extra Information:

Adopted Textbook: McGraw-Hill 7th Grade Mathematics

District Grading Policy

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