Collection
Math in the Real World

Many economics and personal finance concepts overlap with math curriculum, but economics and personal finance teachers are not trained to teach complex calculations and formulas, and math teachers may not focus on the personal finance and economic applications. A new CEE resource, Math in the Real World, brings together the expertise of math teachers and economics teachers to create interdisciplinary lessons that teach important personal finance and economic concepts in the context of math lessons.

Lesson

Buy and Hold: A Stock Market Simulation

In this economics lesson, students will learn how the stock market works by participating in a historical simulation.
Key Concepts: Financial Investments, Financial Markets, Risk and Return
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Saving

In this personal finance lesson, students determine their monthly earned income and estimate how much they could be saving.
Key Concepts: Balance of Trade and Balance of Payments, Budgeting, Roles of Government
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Compound Interest

In this personal finance lesson, students will compare simple and compound interest on savings.
Key Concepts: Interest, Saving
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Distribution of Income

In this personal finance lesson, students will learn how productivity and government policy influences the distribution of income.
Key Concepts: Distribution of Income, Income Distribution, Productivity
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Spending Multipliers

In this personal finance lesson, students will learn spending multiplier and the marginal propensity of consuming and saving.
Key Concepts: Aggregate Demand, Balance of Trade and Balance of Payments, Consumers…
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Rates of Change

In this personal finance lesson, students will analyze the relationship between differing costs using the concept of slopes.
Key Concepts: Business Costs and Revenues, Profit
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Exchange Rates

Students describe and identify where certain items they own come from and the approximate price of these items. They learn...
Key Concepts: Depreciation of a Currency, Foreign Exchange
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Deriving Marginalism

In this personal finance lesson, students will make a connection between derivatives and marginalism.
Key Concepts: Business Costs and Revenues, Profit
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Using Slope to Compute Opportunity Cost

In this personal finance lesson, students will investigate opportunity cost by using slope.
Key Concepts: Decision Making/Cost-Benefit Analysis, Goods and Services
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How Expensive are Payday Loans?

In this personal finance lesson, students will learn how a payday loan works.
Key Concepts: Credit, Interest
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When Graphs Mislead Us

In this personal finance lesson, students will understand how graphs can be misleading through real GDP.
Key Concepts: Economic Development, Fiscal Policy, GDP
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Break-Even Analysis

In this personal finance lesson, students will use breakeven analysis formula to analyze investment options.
Key Concepts: Business Costs and Revenues, Goods and Services, Profit
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Profit Maximization

In this personal finance lesson, students will explore profits and profit maximization through profit functions.
Key Concepts: Decision Making/Cost-Benefit Analysis, Demand, Profit…
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Earning Credit

In this personal finance lesson, students will learn to compound interest and amortization to calculate the cost of a car.
Key Concepts: Credit, Interest, Risk and Return
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Cost/Benefit Analysis:Three Gorges Dam

This lesson will allow students to evaluate the costs/benefits of the Three Gorges Dam project on the Yangtze River in...
Key Concepts: Decision Making/Cost-Benefit Analysis, Goods and Services
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How is Our Economy Doing?

Students learn the meaning and measurement of six important economic indicators and use the St. Louis Federal Reserve Bank National...
Key Concepts: Balance of Trade and Balance of Payments, Credit, Employment and Unemployment…
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It Pays to Stay in School

In this personal finance lesson, students will analyze and develop stay-in-school incentive programs for a group of students.
Key Concepts: Balance of Trade and Balance of Payments, Division of Labor/Specialization, Incentives
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Why Adopt a Highway?

In this personal finance lesson, students will learn about the successful Adopt-a-Highway program.
Key Concepts: Decision Making/Cost-Benefit Analysis, Market Structures, Roles of Government
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Multipliers and the Mystery of the Magic Money

Students learn about the purpose of the reserve requirement, how money is "created" in the economy through fractional reserves, and...
Key Concepts: Economic Institutions, Fiscal Policy, Markets and Prices
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Unemployment in My Hometown

Students use the Bureau of Labor Statistics website to track unemployment rates for their community, and after researching information about...
Key Concepts: Employment and Unemployment
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Activity

Break-Even Analysis Activity

This interactive graphs the break-even point using the equation, Breakeven Quantity (BEQ) = Fixed Costs / (Total Revenue per Job...
Key Concepts: Decision Making/Cost-Benefit Analysis, Goods and Services, Profit
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Taxes and Income

This interactive can be used to review progressive, regressive and proportional taxes. Refer to the Math in the Real World...
Key Concepts: Income Distribution
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Production Possibilities Frontier

Learn how the math concept of slope can be used to model the opportunity cost of a production possibilities frontier....
Key Concepts: Decision Making/Cost-Benefit Analysis
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Income Distribution

Students create an income distribution for a fictitious country to learn about quintiles. The interactive calculates the median and mean...
Key Concepts: Distribution of Income, GDP, Income Distribution
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Calculator

Exchange Rate Calculator

Exchange rate calculator which displays the amount of expenses in USD Today and USD Two Months Ago. Students can use...
Key Concepts: Foreign Exchange
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