Teaching Money Applications to Make Mathematics Meaningful, Grades 7-12 / Edition 1

by Elizabeth Marquez, Paul Westbrook

Overview

Offers teachers engaging ways to weave real-life financial issues and personal money management into NCTM standards–based secondary mathematics lessons while meeting equity and accountability requirements.

Product Details

ISBN-13:	9781412941389
Publisher:	SAGE Publications
Publication date:	05/17/2007
Pages:	168
Product dimensions:	8.50(w) x 11.00(h) x (d)
Age Range:	18 Years

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 for Retirement 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

Editorial Reviews

"GREAT content, GREAT activities, GREAT explanations!"

Joyce Deer

"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

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

Lyneille Meza

"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

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

MAA Reviews