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

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

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 ...

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

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 ...

Video

Solving percentage problems

This digital resource is a video demonstration of a procedural method to calculate an unknown quantity, given an amount is a known percentage of the unknown. For a single example, students are presented with an algorithmic, step-by-step, pen-and-paper method. The demonstration is complemented by the presenter's commentary ...

Online

Australia's Trade through Time

Using an interactive timeline created by the Department of Foreign Affairs and Trade, this Teacher guide provides 12 series of learning experiences that engage students in the analysis and interpretation of data about Australian trade from 1900 to the present day. Students study videos, tables, images and texts in order ...

Interactive

Rounding decimals

This is a six-page HTML resource about solving problems concerning rounding. It contains one video and eight questions, four of which are interactive. The resource discusses and explains solving problems with rounding of decimals to reinforce students' understanding.

Online

reSolve: Paint with Numbers

This sequence of three lessons explores ratios through the context of mixing paint. Students investigate how ratios express a multiplicative relationship between two measures and under what conditions the proportions remain constant when the numerical values of both quantities change. The lessons are outlined in detail ...

Online

reSolve: Modelling Motion - Year 7

This sequence of seven lessons challenges students to use simple equipment to predict, observe and represent motion. They create a series of graphs to represent motion and construct instruments to measure forces in one and then two dimensions. They interpret these representations to develop concepts of force and motion. ...

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.

Interactive

The foul food maker: go figure

This tutorial is suitable for use with a screen reader. It explains how the use of simple words can describe the likelihood of everyday events. How likely is an event: certain, likely, equal chance, unlikely or certainly not? Answer some questions using these words and then build your own examples. Learn how to describe ...

Video

Modelling climate changes

There is a saying: 'climate is what you expect and weather is what you get'. |Understanding climate change is very difficult for most people, especially when the weather we experience is different from the information we are given by scientists about the climate changing. The difference is that weather reflects short-term ...

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.

Video

My Five Cents: Why investing can be risky

Planning to get rich quick by investing one day? Before you jump in, let Gen Fricker explain some of the risks involved with different types of investments. Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

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

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 ...

Interactive

Converting decimals to percentages

This interactive resource consists of a series of questions about converting decimals into percentages. The viewer is required to convert a decimal number into a percentage and enter the answer in a window on the screen. The answer can be checked and, if correct, the viewer moves to the next question. Help is available ...

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

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 11: Fun facts about the number seven

Did you know that the digits on opposite faces of dice will always add up to seven? Use dice as fun tools to reinforce fact families of seven, multiples of seven and subtraction skills.