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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 ...

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 ...

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 ...

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.

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.

Online

TIMES Module 14: Number and Algebra: fractions - teacher guide

This is a 16-page guide for teachers that provides an introduction to fractions. It covers ordering, the four basic arithmetic operations, cancelling, writing in simplest form, the use of the area model for multiplication and the use of the number line for ordering, adding and subtracting. A history of the development of ...

Interactive

Examples of Pythagoras' Theorem Part 2

An animated tutorial demonstrating the application of Pythagoras' theorem through some worked examples, followed by a interactive quiz.

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.

Online

TIMES Module 18: Number and Algebra: decimals and percentages - teacher guide

This is a 21-page guide for teachers containing an introduction to decimals and percentages. It shows how place value is extended to describe positive numbers less than one. It also explores how to represent decimals on the number line, compare decimals, undertake the four basic arithmetic operations with decimals and change ...

Online

TIMES Module 17: Number and Algebra: the unitary method - teacher guide

This is an 18-page guide for teachers. This module introduces the idea of ratios and rates.

Interactive

Arithmetic four

This is an interactive game for two students in which they solve arithmetic problems, similar to 'Connect four'. The players can choose to work with whole number and integer addition, subtraction, multiplication and division. The length of time each player will have and the level of difficulty of the problems can also be ...

Interactive

Examples of Pythagoras' Theorem Part 1

An animated tutorial demonstrating the application of Pythagoras' theorem through some worked examples, followed by a interactive quiz.

Video

Using Pythagoras' Theorem (Simulation)

An interactive simulation in which students use Pythagoras' theorem can be used to find distances.

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.

Interactive

The Numberline

An interactive tool that can help students explore a number line, including points representing integers, fractions and decimals

Video

Catalyst: Graham's number

If you were asked what the biggest number you can think of is, what would you say? Infinity? Well, what about the biggest finite number you can think of? Mathematician Ron Graham came across such a gigantic number in his research that, to capture its massive size, he and his colleagues needed to come up with new methods ...

Online

Australia's population: countries of birth - dataset

The dataset provides statistics about the estimated resident population, median age and sex ratio by countries of birth for the latest year of available data. It is periodically updated by the Australian Bureau of Statistics (ABS). The dataset is included in the list of related datasets on the page in MS Excel format.

Online

TIMES Module 20: Number and Algebra: percentages - teacher guide

This is a 15-page guide for teachers. This module introduces percentages and their many uses in science, commerce and measurement.

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.