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

Video

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.

Video

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 ...

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 ...

Video

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.

Text

Moving out of home

This lesson explores costs and responsibilities associated with moving out of home and setting up living arrangements. The resource is part of a suite of lesson plans and activities from MoneySmart, designed to bring everyday financial topics into the classroom.

Video

Catalyst: Small scale measurements

What units of measurements do we use to describe incredibly small things like blood cells and atoms? Watch as you are taken on a journey to explain the different units of measurement that we use to describe the very small.

Video

MathXplosion, Ep 50: How to use a tetrahedron to solve the tree problem

How can you place four trees exactly the same distance apart from one other? By making a model! By using miniature trees to make a model of the problem, it becomes clear that a 2D solution is impossible. We learn how objects can help us visualise the problem situation, which in this case requires a 3D solution: a tetrahedron.

Video

Catalyst: Take the Phi Golden challenge

The golden ratio, Phi: fact or fallacy? What about the Fibonacci sequence? We are told this ratio and its cousin Fibonacci occur everywhere in nature. Let's see which of these claims stacks up when put to the test.

Video

MathXplosion, Ep 1: Magic 9s

Follow these simple calculations to illustrate the special properties of the number 9. Pick your favourite number between 1 and 9 and multiply that number by 3. Add 3 to your answer. Multiply the result by 3. Treat your two-digit answer as two separate numbers and add them together. No matter what number you pick to start ...

Video

BTN: What is the GST?

The Goods and Services Tax (GST) is a tax placed on things people buy with money or things people do for money. Can you name some goods and services that have GST? What about some goods and services that don't have GST? Find out when and why the GST was first introduced.

Video

MathXplosion, Ep 40: Kaprekar's operation

Did you know that 6,174 is a very mysterious number? In 1949, the mathematician Dr Kaprekar from India devised a process now known as Kaprekar's operation. First, choose a four-digit number where the digits are all different. Then rearrange the digits to get the largest and smallest numbers these digits can make. Finally, ...

Interactive

Syllabus Bites: Revisiting proportion

This is the first in a series of Syllabus Bites related to direct and indirect proportion. Students revise the concept of ratio. They create short visual explanations showing how problems can be solved.

Interactive

Syllabus Bites: Graphing direct proportion

This is the third in a series of Syllabus Bites related to direct and indirect proportion. Students draw graphs to represent relationships between variables in direct proportion. They associate the gradient of the graph with the constant of proportionality. They investigate practical contexts that give rise to direct proportion.

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.

Video

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.

Video

My Five Cents: Why borrowing can cost you more

Think credit cards are basically free money? Gen Fricker will make you think again. Learn how interest rates and fees affect the money you borrow, and why they may be more expensive in the long run. Oh dear! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

Video

Maths inside bees and beehives

Bees are necessary for assisting many plants to produce the food we eat, including meat and milk. Colony collapse disorder, which describes the disappearance of beehives, could have catastrophic effects on food production. Australian scientists are applying their maths and science knowledge to build up a picture of a healthy ...

Video

How does income tax work?

Gen Fricker makes income tax interesting! Learn about income tax - what it is, how it works and when you have to pay it. Easy-peasy! Then test yourself with ASIC Moneysmart's "Things to think about" classroom exercises.

Interactive

Multiplication of decimals by a whole number

This is a four-page HTML resource about solving problems concerning the multiplication of decimals. It contains one video and four questions, two of which are interactive. The resource discusses and explains solving problems involving multiplying a decimal by a whole number to reinforce the students' understanding.

Video

Rounding decimals to the nearest tenth

This is a digital resource comprising a video demonstration of rounding a decimal fraction to the nearest tenth. The commentary uses and interchanges between the language of decimal places and decimal place values expressed in terms of tenths and hundredths. Practice questions dealing more broadly with rounding numbers ...