Students can never have too much math! These lesson plans are applied lessons in math, from showing how to calculate simple interest to determining “Price Per Unit” when shopping.
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Math Lesson Plans For Elementary School And Up
What’s My Interest?
Source: EconEdLink, by Connections Cross-Curricular
Description: This lesson is a basic approach to calculating interest using a jellybean exercise (with an interest-bearing jellybean account), building into real-world exercises with bank rates.
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A Penny Saved
Source: EconEdLink, by Mike Fladlien
Description: These lesson plans walk students through the basics of interest growth and compounding. The second half goes through more complex topics like Real interest rate, returns on investment, and nominal interest rate, but the first half of the lesson is appropriate for younger students.
Using This Simulation: Our Compound Interest Calculator is great for the first half of the lesson, where students can see how their savings grows over time, while our Investment Return Calculator is great for the second half, since it can be used to control for inflation to find Real and Nominal interest rates. Since these are both integrated into our Assignments feature, it makes it easy to assign as homework, and follow all your students’ progress in their Report Card!
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Math Lesson Plans For Middle School And Up
Calculating Simple Interest
Source: EconEdLink, by Mike Fladlien
Description: This is a basic introduction to interest and its calculation for students. It covers a few different interest rate levels and time periods.
Using This Simulation: We make it interactive! Have your students use our Investment Return Calculator to calculate the growth of savings over time, showing the difference between simple interest and compound interest, and even adjust according to inflation!
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The Higher You Climb, The More You Pay
Source: EconEdLink, by Susan Toohey
Description: This is an exercise in budgeting, exchange rates, and budgeting. Students will need to virtually climb the Eiffel Tower, starting with less than $13 in their pocket, and pay for admission, the telescope at the top, and water along the way (which gets more expensive the higher you go!).
Using This Simulation: There are two great ways to integrate this simulation in this kind of lesson. First, you can have your students build a budget using our Home Budget Calculator, but while your students are buying stocks, they will get a very clear feel for how certain stocks will get much more expensive, with lower returns, over time, and timing your budget decisions can be almost as important as the budget itself.
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Math Lesson Plans For High School And Up
The Best Deal
Source: EconEdLink, by Kent Steen
Description: Students will work through a list of groceries and attempt to see which is offering the best “Deal” by calculating and comparing the price per unit.
Using This Simulation: When students are buying Exchange Traded Funds , it is possible that the underlying assets of the fund are worth more or less than what the ETF is actually trading at in the markets. Have your students calculate the value of DIA, an ETF that tracks the Dow-Jones Industrial Average, using the value of the underlying stocks (they can find this information under “Filings” when looking up DIA in the Quotes tool). Is the ETF trading at a higher or lower value than its underlying assets?
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