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DRAFT

 

Lesson/Unit Title:

Million Dollar Project

Author(s):

Miss Jessica DeWitt

LoTi Level:

 

Purpose:

The Million Dollar Project is designed to teach the value of money and to help students develop a sense of the magnitude of the number one million. Students will be computing with large numbers, writing checks, and keeping balance records. They will be using electronic resources to research products and calculate costs.

Unit Duration:

approximately 1-2 weeks (5-10 class period)

Grade Level:

Intermediate Grades (Grade 6-8, Grade 6-9, Grade 7-8)

Subject Area:

Mathematics (e.g., Geometry, Algebra, Statistics)

Audience:

Students

Academic
Standards:

1.                    6 - Use computer spreadsheets, software, and graphing utilities to organize and display quantitative information. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

2.                    6 - Use technology to gather, analyze, and communicate mathematical information. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

3.                    6 - Create and use representations to organize, record, and communicate mathematical ideas. (Concrete representations (e.g., base-ten blocks or algebra tiles); Pictorial representations (e.g., diagrams, charts, or tables); Symbolic representations (e.g., a formula); Graphical representations (e.g., a line graph)) Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

4.                    6 - Apply mathematics in practical situations and in other disciplines. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

5.                    6 - Recognize that mathematics is used in a variety of contexts outside of mathematics. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

6.                    6 - Communicate their mathematical thinking coherently and clearly to peers, teachers, and others, both orally and in writing. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

7.                    6 - Use communication to organize and clarify their mathematical thinking. (Reading and writing; Discussion, listening, and questioning) Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

8.                    6 - Solve problems that arise in mathematics and in other contexts (cf. workplace readiness standard 8.3). (Open-ended problems; Non-routine problems; Problems with multiple solutions; Problems that can be solved in several ways) Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

9.                    6 - Learn mathematics through problem solving, inquiry, and discovery. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

10.                6 - Use calculators as problem-solving tools (e.g., to explore patterns, to validate solutions). Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

11.                6 - Read, interpret, select, construct, analyze, generate questions about, and draw inferences from displays of data. (Bar graph, line graph, circle graph, table; Range, median, and mean; Calculators and computers used to record and process information) Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

12.                6 - Use real-life experiences, physical materials, and technology to construct meanings for numbers (unless otherwise noted, all indicators for grade 6 pertain to these sets of numbers as well). All integers; All fractions as part of a whole, as subset of a set, as a location on a number line, and as divisions of whole numbers; All decimals. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

13.                6 - Collect, generate, organize, and display data. (Data generated from surveys) Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

14.                6 - Recognize when an estimate is appropriate, and understand the usefulness of an estimate as distinct from an exact answer. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

15.                6 - Use a variety of strategies for estimating both quantities and the results of computations. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

16.                6 - Construct, use, and explain procedures for performing addition and subtraction calculations with: (Pencil-and-paper, Mental math, Calculator) Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

17.                6 - Construct, use, and explain procedures for performing calculations with fractions and decimals with: Pencil-and-paper; Mental math; Calculator. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

18.                6 - Recognize the appropriate use of each arithmetic operation in problem situations. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

19.                6 - Compare and order numbers. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

20.                6 - nderstand and use whole-number percents between 1 and 100 in a variety of situations. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

21.                6 - Demonstrate a sense of the relative magnitudes of numbers. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

22.                6 - Recognize the decimal nature of United States currency and compute with money. Mathematics 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, KG

Thinking Process
Emphasis:

1.     Investigation

2.     Decision-making

3.     Creative problem-solving

4.     Reflective Thinking

5.     Problem-solving

6.     Knowledge

7.     Evaluation

8.     Application

9.     Comprehension

Essential Questions:

How far does a dollar go in 2007?

Performance
Tasks
:

1.     A Power Point presentation will include the Excel spreadsheet and an overview of the ways students spent their one million dollars.

 

Lesson/Unit
Summary:

The task is to spend as much of the one million dollars as possible without going over.

There are some other rules to follow:

* You may buy no more than 5 of any one item.

* You may not buy any houses and you may not buy more than one of any mode of transportation (ex: boat, car...).

* You must write a check for the 5-10 moste expensive purchases you make.

* You must keep track of your checking account balance as you make purchases in an Excel spreadsheet.

* All purchases must include 7% New Jersey sales tax in the price. You do not need to include shipping for this project.

* You must keep a log of all your purchases and quantities.

* You must make a Power Point to present your purchases.

Process:

Step One: Explore your resources & decide on a theme for spending the one milion dollars
Step Two: Select items to purchase and record them in your spreadsheet along with the prices
Step Three: At the end of each shopping session, make an estimate of the total amount you spent
Step 4: Use the formulas to calculate tax and debits & compare your actual spending with your estimate
Step 5: Create a Power Point Presentation to display the ways you spent your money
Step 6: Reflect back on your project and decide what changes you would make if you had the opportunity to repeat this activtiy (consider the strategies you used).

Technology Use:

Students will use Internet resources to research the description and costs of items to purchase. Students will create an Excel spreadsheet to keep track of their spending and to calculate taxes. Students will also create a Power Point presentation to diaply their spreadsheet and an overall description of the way they spent their million dollars.

Differentiation:

Students will work in pairs to complete this activtiy. Students who posess stronger technology skills will be paried with those of a lower technology ability. Allowing students to choose their own theme for spending the money will promote a high interest, as students can pick something that is interesting and important to them. Power Point presentations will have different requirements for students of different levels of ability. Some students will be working on mastering Power Point basics, while other students will be enriching their skills through using the more advanced features of the program.

Resouces:

Resource

Description

www.ebay.com

E-Bay is an excellent shopping source for this project as it offers an endless variety of items for sale.

Magazines, newspaper, flyers, and catalogs

Current print media will be used as an easily accessible tool for researching current prices of a variety of items.

Rubistar Rubric

This rubric with 10 items rated at 10 points each includes a detailed description of the project expectations.

Web Links:

URL

Description

www.ebay.com

Shopping source with a variety of itmes for sale

www.amazon.com

Shopping source with a wide variety of items for purchase

www.bestbuy.com

A large variety of technological and electronic equipment for sale

Assessment:


http://rubistar.4teachers.org/index.php?screen=ShowRubric&rubric_id=1395570