Finance

Overview

The Math-in-CTE professional development model is not a curriculum; instead, it is a process, organized around a set of five core principles (PDF), through which CTE and math teachers working in teams learn how to enhance the math that naturally occurs in their CTE curricula. Math-in CTE professional development always begins with curriculum mapping. In this process, CTE teachers examine the CTE concepts they teach, then work with math teacher partners to identify embedded math intersections, as linked to the Common Core math standards, and create a curriculum map. Once the map is complete, the CTE and math teacher teams select from within it one or more CTE concepts and related math concepts to develop into CTE lesson plans.

This sample Math-in-CTE curriculum map was created by teacher teams composed of finance and math teachers from Iowa. The associated sample lesson plan and related materials were identified and developed from this curriculum map.

Click on the linked CTE and math concepts within this map to view the lesson plan associated with them. Scroll to the right to view the middle and high school Common Core math standards associated with each unit.

 

Finance

CTE Course/UnitCTE Concepts or ApplicationsEmbedded Math ConceptsMiddle School Common Core Math StandardsHigh School Common Core Math Standards
Business structureBusiness structures- corporationsAdding, subtracting, and multiplying whole numbers;
Reading tables;
Rounding;
Adding, subtracting, and multiplying decimals
6.NS.2; 6.NS.3; 7.NS.1; 7.EE.3; 6.NS.5; 7.NS.2; 7.NS.3; 6.EE.2; 6.EE.3; 6.SP.4; 6.SP.5; 7.SP.2; 7.SP.3; 7.SP.4; 8.SP.3; 8.SP.4A.APR.1; A.APR.7; N.RN.3; N.Q.1
Financial analysisSalary calculationsWhole number operations;
Algebraic formulas
6.NS.2; 6.NS.3; 7.NS.1; 7.EE.3; 6.EE.2; 7.EE.1; 7.EE.2A.APR.1; A.APR.7; N.RN.3; N.Q.1; A.REI.1; A.REI.2
Financial analysisAnalyzing basic Accounting equations (A= L+O.E.)Inverse operation;
Solving for variables;
Algebraic equations
6.EE.2; 7.EE.1; 7.EE.2A.REI.1; A.REI.2
Financial analysisCost center analysisFormulas;
Whole numbers;
Linear graphs and charts
6.NS.2; 6.NS.3; 7.NS.1; 7.EE.3; 6.EE.2; 6.EE.3; 6.SP.4; 6.SP.5; 7.SP.2; 7.SP.3; 7.SP.4; 8.SP.3; 8.SP.4; 6.EE.2; 7.EE.1; 7.EE.2A.APR.1; A.APR.7; N.RN.3; N.Q.1; A.REI.1; A.REI.2 S.IC.1; S.IC.2; S.IC.3; S.IC.4; S.IC.5; S.IC.6; S.ID.1
Financial analysisFiguring notes and interestSubstituting data into formulas;
Percents;
Solving equations and decimals;
Algebraic equations
6.NS.2; 6.NS.3; 6.NS.5; 7.NS.1; 7.NS.2; 7.NS.3; 7.EE.3; 6.EE.2; 7.EE.2; 6.EE.6; 6.EE.7; 6.EE.8; 6.EE.9; 7.EE.1; 7.EE.2; 7.EE.4; 8.EE.7; 8.EE.8; 8.F.4A.REI.1; A.REI.2 A.CED.1; A.CED.2; A.CED.3; A.CED.4; A.REI.3; A.REI.4; A.REI.10; F.LE.1; F.LE.2; F.LE.5; F.IF.5; A.SSE.1; F.BF.1; S.ID.6
SchedulingPERT diagram (program, evaluation, and review techniques)Time estimation;
Charts and graphs;
Arcs, nodes, and networking
6.EE.2; 6.EE.3; 6.SP.4; 6.SP.5; 7.SP.2; 7.SP.3; 7.SP.4; 8.SP.3; 8.SP.4S.IC.1; S.IC.2; S.IC.3; S.IC.4; S.IC.5; S.IC.6; S.ID.1
TechnologyExcel spreadsheet and pie chartPercentages;
Analyzing and interpreting data
6.EE.2; 6.EE.3; 6.SP.4; 6.SP.5; 7.SP.2; 7.SP.3; 7.SP.4; 8.SP.3; 8.SP.4; 6.RP.2; 6.RP.3; 7.EE.2; 7.EE.3S.IC.1; S.IC.2; S.IC.3; S.IC.4; S.IC.5; S.IC.6; S.ID.1
Economic measurement and globalizationEconomic decisionsTables and charts;
Basic math operations
6.NS.2; 6.NS.3; 7.NS.1; 7.EE.3; 6.EE.2; 6.EE.3; 6.SP.4; 6.SP.5; 7.SP.2; 7.SP.3; 7.SP.4; 8.SP.3; 8.SP.4A.APR.1; A.APR.7; N.RN.3; N.Q.1; S.IC.1; S.IC.2; S.IC.3; S.IC.4; S.IC.5; S.IC.6; S.ID.1
International trade/currency exchange rateConversions, exchange rate;
Ratio/ proportion;
Reading charts and tables;
Estimation;
Basic math operations
6.NS.2; 6.NS.3; 7.NS.1; 7.EE.3; 6.RP.1; 6.RP.2; 6.RP.3; 7.RP.1; 7.RP.2; 7.RP.3; 7.EE.3; 6.EE.2; 6.EE.3; 6.SP.4; 6.SP.5; 7.SP.4; 8.SP.3; 8.SP.46.NS.2; 6.NS.3; 7.NS.1; 7.EE.3; 6.RP.1; 6.RP.2; 6.RP.3; 7.RP.1; 7.RP.2; 7.RP.3; 7.EE.3; 6.EE.2; 6.EE.3; 6.SP.4; 6.SP.5; 7.SP.4; 8.SP.3; 8.SP.4
Finance (profit and loss and budgeting)Depreciation – double declining
Formulas;
Decimals;
Percent;
Exponential decay;
Linear relationships
6.NS.2; 6.NS.3; 6.NS.5; 7.NS.1; 7.NS.2; 7.NS.3; 7.EE.3; 6.EE.2; 7.EE.1; 7.EE.2; 6.EE.1; 8.EE.1; 8.EE.2; 8.EE.3; 6.EE.6; 6.EE.7; 6.EE.8; 6.EE.9; 7.EE.4; 8.EE.7; 8.EE.8; 8.F.4A.REI.1; A.REI.2; F.BF.5; S.ID.6; F.LE.2; F.LE.3; A.CED.1; A.CED.2; A.CED.3; A.CED.4; A.REI.3; A.REI.4; A.REI.10; F.LE.1; F.LE.2; F.LE.5; F.IF.5; A.SSE.1; F.BF.1; S.ID.6
Finance (profit and loss and budgeting)Gross sales margins;
Markup calculations
Basic arithmetic;
Decimals;
Percentages
6.NS.2; 6.NS.3; 7.NS.1; 7.EE.3; 6.NS.2; 6.NS.3; 6.NS.5; 7.NS.1; 7.NS.2; 7.NS.3; 7.EE.3A.APR.1; A.APR.7; N.RN.3; N.Q.1
Finance (profit and loss and budgeting)Incomes/expenses
Finance (profit and loss and budgeting)Stock gains/lossesAdding/subtracting;
Multiplying and dividing;
Percents;
Fractions;
Breakeven points
6.NS.2; 6.NS.3; 7.NS.1; 7.EE.3; 6.RP.2; 6.RP.3; 7.EE.2; 7.EE.3; 6.NS.1; 6.EE.2; 7.NS.1; 7.NS.2; 7.NS.3; 8.G.6; 8.G.7; 8.G.8A.APR.1; A.APR.7; N.RN.3; N.Q.1; G.SRT.6; G.SRT.8; F.IF.8
Finance (profit and loss and budgeting)Franchising feesAdding/subtracting;
Multiplying and dividing;
Rational numbers;
Calculating with percentages
Adding/subtracting; Multiplying and dividing; Rational numbers; Calculating with percentages 6.NS.2; 6.NS.3; 7.NS.1; 7.EE.3; 6.RP.2; 6.RP.3; 7.EE.2; 7.EE.3A.APR.1; A.APR.7; N.RN.3; N.Q.1
Business operationsDecision makingPercents;
Graphs;
Proportions;
Probability;
Problem solving
6.RP.2; 6.RP.3; 7.EE.2; 7.EE.3; 6.RP.1; 6.RP.2; 6.RP.3; 7.RP.1; 7.RP.2; 7.RP.3; 6.EE.2; 6.EE.3; 6.SP.4; 6.SP.5; 7.SP.4; 8.SP.3; 8.SP.4G.MG.3 S.IC.1; S.IC.2; S.IC.3; S.IC.4; S.IC.5; S.IC.6; S.ID.1; N.Q.1; N.Q.2; N.Q.3; S.ID.6
Business operationsTimecardsTime;
Rounding;
Adding;
Multiple decimals;
Order of operations;
Substitute formulas and solve
6.NS.2; 6.NS.3; 7.NS.1; 7.EE.3; 6.NS.2; 6.NS.3; 6.NS.5; 7.NS.1; 7.NS.2; 7.NS.3; 6.EE.2; 7.EE.1; 7.EE.2; 6.EE.2A.APR.1; A.APR.7; N.RN.3; N.Q.1; A.REI.1; A.REI.2; A.CED.4
Business operationsPayroll deductions/registerBasic operations with whole numbers and decimals;
Estimation;
Rounding;
Converting percentages to decimals
6.NS.2; 6.NS.3; 7.NS.1; 7.EE.3; 6.NS.2; 6.NS.3; 6.NS.5; 7.NS.1; 7.NS.2; 7.NS.3; 6.RP.2; 6.RP.3; 7.EE.2A.APR.1; A.APR.7; N.RN.3; N.Q.1