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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 ...

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

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

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

Using Pythagoras' Theorem (Simulation)

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

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 ...

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: 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 10: What is the strongest shape?

Are triangles really the strongest shapes ever? If so, why? Learn how and why right-angled and equilateral triangles have been used in engineering, architecture and design through the ages.

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

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

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

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.

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 ...

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 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.