Money Math Monday

Money Math Mondays: Money

BTM Money Math Mondays: MoneyWelcome to our fourth and final “Money Math Monday.” We’d like to thank Bedtime Math for partnering with us during Financial Literacy Month to create fun math problems that help kids become more financially literate. This week our focus is money and how a collection of coins from all over the world can add up to some serious money. The Trevi Fountain in Rome attracts thousands of tourists every day and legend has it that people who throw coins into the fountain will have a safe return to Rome in the future. More than $3,000 in coins is collected from the fountain every day! Click here to see Bedtime Math’s problems about the coins collected in this beautiful fountain:

Check out these lessons about coins, currency and why we use money on EconEdLink.org:

econedlink logo 300x71 Money Math Mondays: Money

 

 

 

Grades 3-5
Making Cents Out of Centimes
This lesson teaches students about the Euro and exchange rates.

Grades 6-8
Agent Pincher: P is for Penny or Where Did Money Come From?
This lesson will send your students on a mission to investigate the history of money using resources from PBS, the U.S. Mint, and the Federal Reserve Bank of Minneapolis.

Grades 6-8
What is Money? Why Does it Have Value?
In this lesson, students will think about why we have money, why it has value, and why it makes exchange easier. They will also learn about the three main functions of money (as a medium of exchange, as a unit of account, and as a store of value) and why these functions are important.

POSTED: April 27, 2015 | BY: Daniel Thompson | TAGS: ,

Money Math Mondays: Pennies by the Pound

bedtime math e1428354300625 Money Math Mondays: Pennies by the PoundThe Council for Economic Education is excited to link to Bedtime Math’s “Money Math Mondays” math problems during Financial Literacy Month. Parents have been snuggling up with their children for bedtime stories for generations. Why not do the same with math problems? Bedtime Math was created by Laura Overdeck, a mother with a degree in astrophysics, to help parents increase “math awareness” by taking a fun story, picture or video and creating math problems for toddlers, pre-school and elementary school children to solve in their heads. Click here to see how Bedtime Math gets your kids thinking about saving money:

CEE has hundreds of free lessons available for K-12 teachers on EconEdLink.org. Check out these lessons on saving:

econedlink logo 300x71 Money Math Mondays: Pennies by the Pound

 

 

 

Grades K-2, 3-5
The ABCs of Saving
This lesson will introduce students to three elements they need to understand in order to save successfully. A is for Aim: setting a goal. B is for Bank: creating a place to put savings. C is for coins and currency: making saving money a habit.

Grades 6-8
Climbing the Savings Mountain
Students discover how saving money can be compared to a mountain climb. The climb can be fast or slow, safe or hazardous, scenic or thrilling. You will find out that there is more than one way to get to the top!

Grades 9-12 (Math)
Spending Multipliers
Students learn the definition of marginal propensity to consume and marginal propensity to save. Then they participate in a simulation to demonstrate how the marginal propensity to consume and marginal propensity to save influence the economy through the multiplier effect.

Grades 9-12 (Economics)
A Penny Saved
After reading the comic book, “A Penny Saved,” published by the Federal Reserve Bank of New York, students use a compound interest formula and a table to see the effects of compounding and learn the Rule of 72.

POSTED: April 6, 2015 | BY: Daniel Thompson | TAGS: , ,

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