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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 ...

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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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

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.

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 ...

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.

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

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

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 ...

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.

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 ...

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.  

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Café Fractions - Calculate

In this task, students take the role of the owner of a cake wholesaler, baking and supplying cakes to local café businesses. As café owners order their weekly cakes by the slice, students are required to add unit fractions together to calculate total cake orders. They then solve problems associated with subtracting fractional ...

Text

Sandcastle ratios

In this lesson students think like geotechnical engineers, exploring the properties of sand and the ways in which those properties can be used in building and construction.

Downloadable

Operations: Foundation to Year 9

This comprehensive resource describes the progression of ideas that cover addition and subtraction of integers; multiplication and division of integers; the four operations with common and decimal fractions; and operation applications with percent, rate and ratio.

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.

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. ...

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

MathXplosion, Ep 17: Develop mathematical mind-reading skills

Amaze your friends with your super mind-reading skills. Here’s a brain game you can play by asking a few questions and substituting letters for numbers! Learn to follow a specific sequence of arithmetical steps to always arrive at the same answer.