Datasets:
Wallingford Public Schools - HIGH SCHOOL COURSE OUTLINE
Course Title: Business Mathematics
Department: Mathematics
Level(s): General
Course Number: 8114
Grade(s): 11-12
Credit: 1
Course Description: This course focuses on mathematical functions using whole numbers, fractions, decimals, and percents that are required to function in today’s business world as well as to handle personal finance. The ability to estimate and approximate answers in solving financial problems will be emphasized. Students will work with computer spreadsheets and learn to create and interpret graphic representations of numerical data. Business topics that will be covered include interest rates, job costing, merchandising, payroll, credit, taxes, insurance, and global business. Satisfactory completion of this course satisfies one math credit for graduation.
Required Instructional Materials Practical Mathematics, Fredrick Leinwand Postman Wantuck Holt Rinehart Winston 1998 Third edition
Other Instructional Materials Business Math (workbook), 15th ed., 2003 Thomson-Southwestern Business Math published by Prentice Hall Business Math published by Southwestern Math in Everyday Life published by Walch Money Instructor –website Banking by BankAmerica
Completion/Revision Date
Approved by Board of Education on December 17, 2007.
Mission Statement of the Curriculum Management Team The mission of the Wallingford K-12 mathematics program is to develop mathematical literacy in all students. Students will understand the importance of mathematics and become flexible and resourceful problem solvers. They will use a range of numerical, algebraic, geometrical and statistical concepts and skills to formulate and solve authentic problems, communicating their reasoning in oral and written form.
Enduring Understandings for the Course
• A problem solver understands what has been done, knows why the process was appropriate,
and can support it with reasons and evidence.
• There can be different strategies to solve a problem, but some are more effective and efficient
than others are.
• The context of a problem determines the reasonableness of a solution. • There are many different ways a paycheck may be calculated • There is a big difference between the money you earn and the money you take home • The way that data is collected, organized and displayed influences interpretations. • The analysis of data is important to the success of a business. • Knowledge of basic mathematics is essential to personal financial success. • Time, money, and rate of interest are significant factors in meeting financial goals.
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• The amount you save is not as important as establishing the savings habits now. • The purchasing power of a dollar changes over time. • Costs and prices can be compared in many ways to determine the best buy. • Credit cards have both benefits and risks. • The sticker price of a car is negotiable. • There are many additional expenses to owning a car. • Many payment options should be examined before purchasing a car. • Insurance protects a person against loss and additional expenses. • Many factors affect insurance premiums.
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Learning Strand
1.0 Problem Solving
NOTE: This learning strand should be taught through the integration of the other learning strands. This learning strand is not meant to be taught in isolation as a separate unit.
ENDURING UNDERSTANDING(S)
ESSENTIAL QUESTIONS
• A problem solver understands what has been done, knows why the process was appropriate, and can support it with reasons and evidence.
• There can be different strategies to solve a problem, but some are more effective and efficient than others are.
• The context of a problem determines the
reasonableness of a solution.
LEARNING OBJECTIVES The student will : 1.1 Distinguish between given information,
unknown information, and assumptions that may be necessary.
1.2 Devise a plan to solve the problem. 1.3 Identify different strategies to solve a
problem (table, diagram, number pattern) 1.4 Apply an appropriate strategy(ies) to solve a
problem.
1.5 Justify the strategy and solution with
mathematical reasoning and evidence. 1.6 Analyze strategies used to solve a problem. 1.7 Judge the reasonableness of a solution for a
problem.
1.8 Communicate the solution and the
strategies used to solve the problem in oral and/or written form.
1.9 Pose problems from given situations
• How do I know where to begin when solving
a problem?
• How does explaining my process help me to
understand a problem’s solution better?
• How do I decide what strategy will work best
in a given problem situation? • What do I do when I get stuck? • How do I know when a result is reasonable? • What is the relationship between solving
problems and computation?
INSTRUCTIONAL SUPPORT MATERIALS • CAPT sample items and released items • Websites for problem solving
- Math Forum
- NCTM Standards and
Illuminations • CSDE Goals 2000 resources (Q drive)
SUGGESTED INSTRUCTIONAL STRATEGIES Each lesson throughout the course should begin with a problem solving experience that can integrate mathematical concepts.
• Small group discussion about strategies and
solutions
• Written explanation of strategy and solution
for a problem
• Peer editing of strategies and solutions • Revise written solutions of problems • Oral presentation of solution strategies • Journal writing • Modeling • Think aloud • Student inquiry through guided
investigations
• Graphic organizers • Cooperative learning • See other learning strands for integration
SUGGESTED ASSESSMENTS
• Open-ended questions included on tests
and quizzes
• Performance Tasks • Teacher observations • Written explanation of strategy and solution
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for a problem
• District rubric for assessing problem solving • Oral presentation of solution strategies • See other learning strands for integration
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LEARNING STRAND
2.0 Earning a Living
ENDURING UNDERSTANDING(S)
ESSENTIAL QUESTIONS
• There are many different ways a paycheck
may be calculated
• There is a big difference between the money
you earn and the money you take home
LEARNING OBJECTIVES The student will : 2.1 Calculate gross pay for hourly rate employees 2.2 Calculate gross pay for salaried employees 2.3 Calculate regular and overtime pay 2.4 Calculate salary based on commission 2.5 Calculate salary based on piece work 2.6 Calculate deduction & net pay 2.7 Identify employee benefits 2.8 Compare job benefits and job expenses
• How is your net pay calculated? • How can job expenses and job benefits
affect your earnings?
• How can an employee who is paid hourly earn more than someone who is salaried?
INSTRUCTIONAL SUPPORT MATERIALS
• Internet • Overhead transparency • Example paycheck stubs
SUGGESTED INSTRUCTIONAL STRATEGIES
• On site visitation of payroll department • Spreadsheet • Guest speaker • Journal writing • Modeling • Think aloud • Student inquiry through guided
investigations
• Teacher directed class discussions • Graphic organizers • Cooperative learning
SUGGESTED ASSESSMENT METHODS
• Homework • Projects • Tests & Quizzes • Open-ended questions included on tests
and quizzes
• Performance Tasks • Teacher observations • Written explanation of strategy and solution
for a problem
• Oral presentation of solution strategies
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LEARNING STRAND
3.0 Data Analysis
ENDURING UNDERSTANDING(S)
ESSENTIAL QUESTIONS
• The way that data is collected, organized and displayed influences interpretations.
• The analysis of data is important to the
• Why is data collected and analyzed? • How do people use data to influence
others?
success of a business.
• How can predictions be made based on
LEARNING OBJECTIVES The students will: 3.1 Calculate measures of central tendency 3.2 Calculate range, quartiles, and outliers 3.3 Analyze data related to the world of business 3.4 Represent data using appropriate graphs
(line, bar, pie, picture, etc.) 3.5 Interpret data based on a graphs
data?
INSTRUCTIONAL SUPPORT MATERIALS
• Newspapers • Internet • Excel
SUGGESTED INSTRUCTIONAL STRATEGIES • Spreadsheet • Guest speaker • Journal writing • Modeling • Think aloud • Student inquiry through guided
investigations
• Teacher directed class discussions • Graphic organizers • Cooperative learning
SUGGESTED ASSESSMENT METHODS
• Homework • Projects • Tests & Quizzes • Open-ended questions included on tests
and quizzes
• Performance Tasks • Teacher observations • Written explanation of strategy and solution
for a problem
• Oral presentation of solution strategies
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LEARNING STRAND
4.0 Personal Banking
ENDURING UNDERSTANDING(S)
ESSENTIAL QUESTIONS
• A knowledge of basic mathematics is
essential to personal financial success.
• Time, money, and rate of interest are
significant factors in meeting financial goals. • The amount you save is not as important as
establishing the savings habits now.
• What are the benefits of have a checking
and savings account? • What is the Rule of 72? • Why do we reconcile a bank statement? • What are the benefits of banking online?
LEARNING OBJECTIVES The students will : 4.1 Define debits, credits, fees, & balance. 4.2 Write out a check. 4.3 Maintain a check book. 4.4 Reconcile a bank statement for a checking account. 4.5 Interpret a bank statement for a savings account. 4.6 Identify and analyze the effect of different kinds of checking accounts. 4.7 Calculate interest and principal using simple and compound interest formulas 4.8 Calculate interest on money market, bonds, and CD accounts 4.9 Identify and calculate hidden costs of personal banking
INSTRUCTIONAL SUPPORT MATERIALS
• Checkbook • Internet • Sample bank statement • Overhead transparency
SUGGESTED INSTRUCTIONAL STRATEGIES
• Spreadsheet • Journal writing • Modeling • Think aloud • Student inquiry through guided
investigations
• Teacher directed class discussions • Graphic organizers • Cooperative learning
SUGGESTED ASSESSMENTS
• Homework • Projects • Tests & Quizzes • Open-ended questions included on tests
and quizzes
• Performance Tasks • Teacher observations • Written explanation of strategy and solution
for a problem
• Oral presentation of solution strategies
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LEARNING STRAND
5.0 Responsible Purchasing
ENDURING UNDERSTANDING(S)
ESSENTIAL QUESTIONS
• The purchasing power of a dollar changes
over time.
• Costs and prices can be compared in many
ways to determine the best buy.
• Credit cards have both benefits and risks. • There are various methods of payment for purchases, (i.e. credit cards, debit cards, check, cash)
LEARNING OBJECTIVES The student will : 5.1 Compute inflation rate 5.2 Compute purchasing power after inflation 5.3 Calculate sales tax 5.4 Analyze the best buy based on unit prices 5.5 Analyze the best buy based on discounts, sales price, coupons, and rebates 5.6 Read a credit card statement 5.7 Compute an unpaid balance and identify the new charges 5.8 Compute a credit finance charge based on fixed and variable rates 5.9 Compute a new credit balance 5.10 Identify and analyze the benefits and drawbacks of credit cards
• What is the consumer price index? • How does inflation affect purchasing power? • How does a knowledge of mathematics help determine which product is a better buy? • How does knowledge of mathematics help
one to use a credit card responsibly?
INSTRUCTIONAL SUPPORT MATERIALS
• Circulars • Internet • Overhead transparency • Consumer reports
SUGGESTED INSTRUCTIONAL STRATEGIES
• Spreadsheet • Journal writing • Modeling • Think aloud • Student inquiry through guided
investigations
• Teacher directed class discussions • Graphic organizers • Cooperative learning
SUGGESTED ASSESSMENTS
• Homework • Projects • Tests & Quizzes • Open-ended questions included on tests
and quizzes
• Performance Tasks • Teacher observations • Written explanation of strategy and solution
for a problem
• Oral presentation of solution strategies
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LEARNING STRAND
6.0 Transportation Expenses
ENDURING UNDERSTANDING(S)
ESSENTIAL QUESTIONS
• The sticker price of a car is negotiable. • There are many additional expenses to
• What expenses factor into owning a car? • What are important considerations when
owning a car.
buying a car?
• Many payment options should be examined
• How will a knowledge of mathematics help
before purchasing a car.
make a better purchase?
LEARNING OBJECTIVES The student will : 6.1 Estimate and compute traveling distances using a mileage chart or map 6.2 Estimate and compute travel time and rate of travel 6.3 Determine the cost of a car with options and additional expenses 6.4 Compute the amount you need to finance to buy a new car 6.5 Compute the finance charge for an automobile loan 6.6 Calculate operating expenses (mpg, gas, repair) 6.7 Justify the purchase of a given car 6.8 Compute the cost for renting a car
INSTRUCTIONAL SUPPORT MATERIALS
• Car advertisements • Newspapers • Consumer reports
SUGGESTED INSTRUCTIONAL STRATEGIES
• Spreadsheet • Journal writing • Modeling • Think aloud • Student inquiry through guided
investigations
• Teacher directed class discussions • Graphic organizers • Cooperative learning
SUGGESTED ASSESSMENTS
• Homework • Projects • Tests & Quizzes • Open-ended questions included on tests
and quizzes
• Performance Tasks • Teacher observations • Written explanation of strategy and solution
for a problem
• Oral presentation of solution strategies
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LEARNING STRAND
7.0 Insurance
ENDURING UNDERSTANDING(S)
ESSENTIAL QUESTIONS
• Insurance protects a person against loss
and additional expenses.
• Why is insurance important? • What factors affect the premiums of different
• Many factors affect insurance premiums.
kinds of insurance?
LEARNING OBJECTIVES The student will : 7.1 Define premium and deductible 7.2 Compute life insurance premiums 7.3 Identify the differences between term and whole life insurance 7.4 Decide, given relevant information, which type of life insurance to purchase 7.5 Compute health insurance premiums 7.6 Compute insurer’s and insured share of health insurance cost 7.7 Compute insured’s share of medical bills 7.8 Identify the different types of automobile insurance 7.9 Compute yearly automobile insurance premiums 7.10 Calculate property insurance premiums 7.11 Calculate how much can be collected on insurance claims 7.12 Analyze the factors that influence the amount of coverage of any insurance
• To what extent will insurance protect you?
INSTRUCTIONAL SUPPORT MATERIALS
• Requested material from various insurance
companies
• Internet
SUGGESTED INSTRUCTIONAL STRATEGIES
• Spreadsheet • Journal writing • Modeling • Think aloud • Student inquiry through guided
investigations
• Teacher directed class discussions • Graphic organizers • Cooperative learning
SUGGESTED ASSESSMENTS
• Homework • Projects • Tests & Quizzes • Open-ended questions included on tests
and quizzes
• Performance Tasks • Teacher observations • Written explanation of strategy and solution
for a problem
• Oral presentation of solution strategies
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LEARNING STRAND
8.0 Long Term Investments
ENDURING UNDERSTANDING(S)
ESSENTIAL QUESTIONS
• With higher risk comes the potential to earn higher reward or returns on our investments.
• It is important to divisive investments. • Different types of investments offer varying
• What is the stock market and how does it
work?
• What is the difference between savings and
investments?
growth potential
• What is the difference between a dividend
• Investments aren’t guaranteed to grow.
and a yield?
LEARNING OBJECTIVES The student will : 8.1 Compute the cost, redemption value, and interest earned on U.S. savings bonds. 8.2 Calculate the total investment in a mutual fund. 8.3 Calculate profit or loss from mutual fund investments. 8.4 Calculate the cost of stock purchases. 8.5 Calculate annual stock dividends. 8.6 Calculate the yield on stock investments. 8.7 Calculate the proceeds from the sale of stock. 8.8 Explain what the stock market is and how it works. 8.9 Identify factors that cause the stock market to fluctuate.
• What makes one stock a more desirable
investment then the other?
INSTRUCTIONAL SUPPORT MATERIALS
• www.stocksquest.com • Newspaper
SUGGESTED INSTRUCTIONAL STRATEGIES
• Spreadsheet • Journal writing • Modeling • Think aloud • Student inquiry through guided
investigations
• Teacher directed class discussions • Graphic organizers • Cooperative learning
SUGGESTED ASSESSMENTS
• Homework • Projects • Tests & Quizzes • Open-ended questions included on tests
and quizzes
• Performance Tasks • Teacher observations • Written explanation of strategy and solution
for a problem
• Oral presentation of solution strategies
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LEARNING STRAND
9.0 Budgeting
ENDURING UNDERSTANDING(S)
ESSENTIAL QUESTIONS
• Organization is necessary to be fiscally
responsible.
• What are the benefits of a budget? • Why is a budget important for future
• Some expenses are predictable while some
financial success?
are varying
• How can maintaining a budget provide
• Tracking income and expenses can prevent
possible one time expense opportunities?
overspending
LEARNING OBJECTIVES The student will : 9.1 Identify fixed, variable, and annual expenses 9.2 Compute the amount to budget for each of these expenses 9.3 Analyze a monthly budget sheet 9.4 Prepare a personal budget 9.5 Apply the use of area and perimeter in preparing a budget for a one time expense.
INSTRUCTIONAL SUPPORT MATERIALS
• Excel • Protractors • Compass • Rules • Overhead Transparency
SUGGESTED INSTRUCTIONAL STRATEGIES
• Spreadsheet • Journal writing • Modeling • Think aloud • Student inquiry through guided
investigations
• Teacher directed class discussions • Graphic organizers • Cooperative learning • Creating a pie chart representation of a
budget
SUGGESTED ASSESSMENTS
• Homework • Projects • Tests & Quizzes • Open-ended questions included on tests
and quizzes
• Landscape/Remodeling Project • Performance Tasks • Teacher observations • Written explanation of strategy and solution
for a problem
• Oral presentation of solution strategies
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LEARNING STRAND
10.0 Marketing & Advertising
ENDURING UNDERSTANDING(S)
ESSENTIAL QUESTIONS
• Advertising is a necessary expense to
• What is the purpose of marking &
create a greater profit.
advertising?
• Simple algebraic procedures can predict
• What are the benefits and draw backs of
future sales.
LEARNING OBJECTIVES The student will : 10.1 Predict future sales using trend data/forecast methods 10.2 Calculate market share 10.3 Compute the cost of advertising in various media 10.4 Analyze the most effective advertising techniques/strategies
various marketing media?
• How does forecasting affect current
business practices?
INSTRUCTIONAL SUPPORT MATERIALS
• Ruler • Graph paper • Graphing calculators
SUGGESTED INSTRUCTIONAL STRATEGIES
• Spreadsheet • Journal writing • Modeling • Think aloud • Student inquiry through guided
investigations
• Teacher directed class discussions • Graphic organizers • Cooperative learning
SUGGESTED ASSESSMENTS
• Homework • Projects • Tests & Quizzes • Open-ended questions included on tests
and quizzes
• Performance Tasks • Teacher observations • Written explanation of strategy and solution
for a problem
• Oral presentation of solution strategies
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LEARNING STRAND
11.0 Production
ENDURING UNDERSTANDING(S)
ESSENTIAL QUESTIONS
• There are numerous expenses involved in
providing goods and services.
• Why is quality control important? • How does overhead affect the cost of an
• You must sale a certain number of goods
item?
before making a profit.
• Simple algebraic procedures can predict the
break-even point.
LEARNING OBJECTIVES The student will : 11.1 Calculate prime cost and total manufacturing costs 11.2 Identify various overhead costs 11.3 Classify expenses as raw material, labor, or overhead 11.4 Calculate the break-even point in production units and in sales production 11.5 Determine the number of manufactured items to be tested for quality control 11.6 Predict the number of defective items on an assembly line
INSTRUCTIONAL SUPPORT MATERIALS
• Excel • Overhead transparency • Internet
SUGGESTED INSTRUCTIONAL STRATEGIES
• Spreadsheet • Journal writing • Modeling • Think aloud • Student inquiry through guided
investigations
• Teacher directed class discussions • Graphic organizers • Cooperative learning
SUGGESTED ASSESSMENTS
• Homework • Projects • Tests & Quizzes • Open-ended questions included on tests
and quizzes
• Performance Tasks • Teacher observations • Written explanation of strategy and solution
for a problem
• Oral presentation of solution strategies
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