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

By: Elizabeth Marquez, Paul Westbrook

Foreword by Charlotte Danielson

Use real-life money issues to raise students' mathematical and financial literacy!

Weaving real-world financial issues into secondary mathematics instruction, this highly practical book offers teachers engaging ways to infuse personal money management into NCTM standards–based math lessons. This resource meets the expanding demands for equity and accountability and:

Relates everyday math to credit cards, paying taxes, stocks & bonds, mortgages, buying a car, and much more
Expands teachers' knowledge of basic financial concepts
Provides suggestions for projects to extend the concepts learned
Includes a math locator, glossary of money terms, comprehensive index, and summary of formulas

Full description

Product Details

Grade Level: PreK-12, Secondary
ISBN: 9781412941396
Published By: Corwin
Year: 2007
Page Count: 168
Publication date: May 17, 2007

Price: $39.95

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Description

"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 Chair, Albert Einstein High School, Kensington, MD

Use real-life money issues to raise students' mathematical and financial literacy!

Research has solidly established the importance of teaching mathematics in contexts that capture student interest and involvement. Weaving real-world financial issues into secondary mathematics instruction, this highly practical book offers teachers engaging ways to infuse personal money management into NCTM standards–based math lessons.

Using authentic material from daily life, the authors illustrate instructional strategies that connect required mathematical concepts with basic money matters, giving students a solid understanding of financial realities essential to successful everyday living. This resource meets the expanding demands for equity and accountability and:

Relates math to credit cards, paying taxes, stocks & bonds, mortgages, buying a car, and much more
Expands teachers' knowledge of basic financial concepts
Provides suggestions for projects to extend the concepts learned
Includes a math locator, glossary of money terms, comprehensive index, and summary of formulas

This valuable guide gives teachers, math coaches, and curriculum specialists the resources they need to make math come alive in the classroom and to develop financially savvy students.

Key features

Linked to NCTM standards
Equips teachers with financial knowledge to weave into teaching
Connects secondary math to important aspects of real life for students
Discusses high-interest math-related topics such as buying a car
Introduces students to personal money management
Relates everyday math tasks, like reading graphs, to real life purposes
Created by a master teacher and math consultant to College Board

Author(s)

Elizabeth Marquez

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

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.

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

Reviews

"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

Other Titles in: Mathematics | Middle School Teaching Methods | High School Teaching Methods

Select Format:

For Instructors

Request Review Copy

When you select 'request review copy', you will be redirected to Sage Publishing (our parent site) to process your request.