Mathematics / Year 7 / Number and Algebra / Money and financial mathematics

Curriculum content descriptions

Investigate and calculate 'best buys', with and without digital technologies (ACMNA174)

Elaborations
  • applying the unitary method to identify ‘best buys’ situations, such as comparing the cost per 100g
General capabilities
  • Literacy Literacy
  • Numeracy Numeracy
  • Critical and creative thinking Critical and creative thinking
  • ICT capability Information and Communication Technology (ICT) capability
ScOT terms

Proportions,  Purchasing,  Unit cost

Online

Tax, Super + You

Tax, Super + You is designed to provide teachers and parents with practical resources to help students in Years 7-12 understand the value of tax and superannuation, and have confidence when entering the workforce. Registration for a free account is required to access the full suite of materials.

Video

Algebraic equations: video and teaching guide

This video uses an everyday scenario of three people sharing a taxi ride to explore algebraic thinking, and to apply that thinking to a financial context, drawing on reasoning and mathematical modelling. Use the video with the supporting teacher guide as a springboard to explore mathematical concepts. The teacher guide ...

Online

Practical numbers: Part 1

In this lesson, students explore standardised measuring systems. They encounter the challenge of a shopkeeper who must determine how to weigh different quantities of spices most efficiently. Working in a financial context, students model this scenario using fractions, percentages and ratios, and communicate their solution ...

Online

Mathematical modelling (Number): Year 7 – planning tool

This planning resource for Year 7 is for the topic of Mathematical modelling. Students use knowledge of the other topics in the Number strand, so that applying knowledge and skills can be modelled. This can be done in groups or as a whole class, as well as individually. Collaborative learning works well for practical problems.

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7N05A Percentages - Ochre Education

This unit of work focuses on percentages. Students represent percentages, including percentages greater than 100%; convert between decimals, fractions, and percentages; write one number as a percentage of another (including where the percentage is greater than 100%) and find a percentage of a number (including using percentages ...

Downloadable

The wide wide world of sports betting

This lesson explores the difference between perfectly predictable events (like the roll of a die) and less certain events (such as sports). Students investigate mathematically how sports bookmakers create odds to guarantee themselves a profit and pay gamblers less for a win than they deserve. The lesson is outlined in ...

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Proportional reasoning video

Use this video as a springboard to explore scaling or proportional thinking, and to apply that thinking in a food context, drawing on reasoning and mathematical modelling.

Online

Graphs: formulas and variables

In this lesson, students use algebra and linear equations to model two real-world scenarios to find information to make the best choice. Students set the aim of saving for a mobile phone (or similar goal) and use linear equations to model the pay rates of two part-time jobs to help make the better decision. This lesson ...

Online

Estimating and rounding decimals

In this lesson, students draw on prior knowledge of rounding whole numbers to develop their understanding and fluency when rounding decimals and are encouraged to reason and problem-solve through a variety of contextual activities. Students will also develop an appreciation of the role of estimation in mathematics and science.

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Practical numbers: Part 2

In this lesson we use the context of an ancient bazaar to investigate measurement systems. Students select a name and base number for their system of measurement, using weights made from clay or similar material. They divide their clay into possible unit fractions to generate their set of weights. They assign a fictional ...

Interactive

Fish market: explore trading

Buy and sell fish in trading markets in a range of Australian and New Zealand cities. Compare market prices, supply and demand. Explore a range of traders to find the best deals and open up new markets. Find a rare fish. Maximise your profit and reputation as a smart trader. This learning object is the first in a series ...

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Comparing fuel consumption

Is it more fuel efficient to drive or fly between two places? Watch this clip and learn how to calculate the answer. What are the various factors that need to be taken into account? This video was made using the American measurement of gallons per hour, American firgures for the average number of passengers in a car and ...

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My Five Cents: What is opportunity cost?

What is the true cost of buying something? Gen Fricker explains that it's more than just money. Learn about opportunity cost - what it is, why it's a helpful tool and when to use it. Simple! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

Interactive

Squirt: three containers

Examine the relationships between capacities of various containers. Look at three containers that may have different diameters, heights and shapes. Fill a container and squirt liquids between the containers to establish the proportional relationship. Work out the third 'unlinked' relationship from two known relationships. ...

Downloadable

Number: Foundation to Year 9

This comprehensive resource describes the progression of number-related ideas showing the relationship to other curriculum strands. The resource demonstrates examples of relevant teaching strategies, investigations, activity plans and connected concepts in number including teaching and cultural implications.

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Secondary mathematics: different representations

These seven learning activities, which focus on 'representations' using a variety of tools (software) and devices (hardware), illustrate the ways in which content, pedagogy and technology can be successfully and effectively integrated in order to promote learning. In the activities, teachers use different representations ...

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Secondary mathematics: using real data

These seven learning activities, which focus on the use of 'real data' using a variety of tools (software) and devices (hardware), illustrate the ways in which content, pedagogy and technology can be successfully and effectively integrated in order to promote learning. In the activities, teachers use the three content strands ...

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Are plants mathematicians?

Ever noticed that plants are examples of Fibonacci numbers? Watch Vi Hart draw examples of flower petals and leaf growth that follow this pattern. See how plants seem to use Phi (.), the golden ratio. Find out how to make your own 'angle-a-tron' to create interesting petal designs. This is the second in a series of two.

Interactive

Syllabus Bites: Direct proportion

This is the second in a series of Syllabus Bites related to direct and indirect proportion. Interactive applets and dynamic geometry software allow students to explore quantities in direct proportion. Students draw conclusions about relationships between the variables and consolidate their understanding by playing a simple game.

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Proportional reasoning: Year 7 – planning tool

This planning resource for Year 7 is for the topic of Proportional reasoning. Students are introduced to ratios as a method of comparing quantities. Students learn how to recognise and represent these comparisons to solve problems. The concept of dividing a quantity by a given ratio is also introduced.