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Duration
2x 60 minutes
Outcomes
Objectives
Prior Knowledge
Materials
Timeline
(Day 1) 15 mins
(Day 1) 15 mins
(Day 1) 30 mins
(Day 1) Assessment
whiteboards
If necessary, teacher instrumentally compares decimal addition and
subtraction algorithm to familiar operations with whole numbers (borrowing
concepts, etc), providing examples and counter-examples with decimals and
whole numbers.
Student Marketplace Rules & Introduction
o Students begin with $1000 recorded in their journals, or financial
ledgers, and a randomized initial collection of commodities as
dealt by the teacher
o There many types of commodities (coloured marbles denoting
crystals, for example) that students buy and sell, motivated by
individually collecting certain types of commodities
For example, a few students try to collect all the green
marbles, while others try to collect all the red marbles,
yellow, etc.
o Students compete to complete their collections by negotiating
amongst their classmates, trading only one item at a time
Teacher sets prices for various commodities to include the hundredths place
value (i.e. $7.35, $118.37, etc)
All transactions must be recorded in students financial ledgers, and both
students must check and agree each others final entries for a successful
transaction. [Formative peer assessment]
o Commodities may be sold to increase a students cash balance,
calculated as an addition in the financial ledger.
o Conversely, commodities may be bought, and thus decreasing a
students cash balance, calculated as a subtraction in the financial
ledger.
Students begin trading amongst their peers, finding and negotiating for their
desired commodities and making entries in their financial ledgers
[Communication, formative peer assessment]
Summative assessment: exit slips are used for students to declare their final
debit account numbers at the end of class. Using the zero-sum method of
accountability, teacher can determine class accuracy by adding together the
cash value of all the students financial ledgers and comparing the value to
the initial wealth of the classroom given by n*($1000) where n is the
number of students in the class. How closely this total compares to the sum
of students exit slips is an indicator of the accuracy of the students
bookkeeping, and thus of their decimal addition and subtraction skills.
Sum-total will be required for next class, when accuracy to be discussed with
the students
Pre-assessment: students contribution to discussion of real-world applications
of mathematics with economics [Communication, Connection]
Pre-assessment using mini-whiteboards: students attempt to calculate change
for a supermarket basket full of items, challenging prior knowledge of
addition and subtraction but using decimal currency
Formative assessment: teacher checks student transactions using financial
Timeline
(Day 2) 20 mins
Review: teacher uses prior days exit slips to discuss the most difficult
financial transactions, clarifying possible misconceptions
Problem-solving question: Is there any way that we, as a class, can know if
we performed the transactions correctly the other day?
o Group discussion with ideas summarized on mini-whiteboards
o Teacher starts class discussion, facilitating class toward the zerosum check method in accounting (this is how businesses check for
employee theft from cashiers by comparing the cash-out with
receipts). [Connections]
o Formative assessment: using class popsicle sticks, assess students
ability to communicate, in their own words, the zero-sum check
method
o Teacher presents findings of the zero-sum check using exit-slips from
previous class: good, bad, perfect?
o Teacher encourages peer checking to increase the accuracy of
transactions for the entire class (class prize may be used as
incentive).
(Day 2) 10 mins
(Day 2) 30 mins
(Day 2) Assessment
Plans for
Differentiation