Course title

MAT

Pre-requisite

MAT100 IGCSE Mathematics I & MAT200 IGCSE Mathematics II

Course description

Course Description
Financial Algebra is a comprehensive learning program aligned to the State Standards. It is an applications-rich; algebra-based; real life orientated program that incorporates mathematical skills from Math 100; Math 200; and Statistics in real-world contexts. Topics include Banking; Credit; Employment; Income Taxes; Automobile Ownership; Independent Living; Retirement Planning; and Household Budgeting. This course allows students to experience more of a real world Algebra setting that where they can see more of the interrelatedness of all mathematical topics into real world situations and scenarios. The concepts covered in this class are introduced; developed; and applied to real-world context so students can question outcomes using mathematical analysis and data to support their findings.

Textbook
The textbook used for this course is Mathematics with Business Applications written by Walter Lange; Temoleon Rousos; and Robert Mason. The textbook will only be used during class with assignments being assigned during class so there is no need to carry the textbook. Students can also access the assignments on Canvas at https://yumaunion.instructure.com using their login to access any and all assignments.

Basic Information
1) Daily bring a notebook pen/pencil to class so we can accomplish the goals for that day
2) Textbooks do not leave class unless there is an extenuating circumstance
3) Notes will also be posted on the Canvas website for students to view

Grading Policy
You will be graded in 5 different areas
1) Bellwork (10%) – when students come into class each day there will be 3-4 problems on the board for them to work through to get their minds thinking about the particular subject area
2) Homework/Assignments (20%) – this is the student's daily assignments where they will have time in class to get some of the work done; but can be turned in the next day without any penalty just in case they were not able to finish everything in class.
3) Tests (15%) – there will one test each grading period that will be the big emphasis that we focus on during that grading period.
4) Quizzes (35%) – there is usually 3 quizzes per six week grading period that will prepare the students for the test that will be taken later on during the lesson.
5) Projects (20%) – there will be one project per grading period (2nd Grading Period Elections; 3rd Grading Period Budgeting for Holidays/unexpected expenses; 4th Grading Period Stock Market Game; 5th Grading Period Monthly Expenditures; 6th Grading Period Career Research Presentation)

Classroom Topics
Employment – when looking for employment students will look at benefits and any additional deductions that will affect their net earnings to make sure their get their best Gross Salary
• Different types of employment (salary; hourly; commission; piecework)
• Salary
o Contracts usually involved (Teachers; Military; etc)
• Hourly
o Straight time pay; overtime pay; holiday pay (Construction; specialized assignments; etc)
• Sales/Factory
o Piecework
o Commission
• Hourly Rates/Time Cards
• Income Taxes

Loans – getting loans is a way of life. People take out loans for cars; school; and houses among other reasons. Understanding how the loans work is a big part of deciding what loan to get and what type of interests come with certain loans/Credit Cards.
• Car Loans
• House Loans
o Down payments; rates; fees involved
• School Loans/Grants
o Subsidized vs unsubsidized

Management – managers are a key element in making most businesses successful.
• Recruiting Costs
• Salary Adjustments
o Merit
o Cost of Living
• Net Profits
• Business Budget
o Payroll/Advertising/
• Inventory

Monthly Expenses – changes in life require us to make constant changes to our budget to ensure we are able to survive and/or have the same life style that we are accustomed to.
• Balancing a budget given surprises
• Putting money away in savings
• Credit Card CAUTIONS

Investments – stocks are being offered more and more these days because it is a way for the employees to take ownership in the company.
• Stocks
o Types of stocks
o Buying/Selling
• Bonds
• IRAs/401Ks/403B
o Employee Matching
o Rollovers

School country

United States

School state

Arizona

School city

Yuma

School / district Address

3150 S Avenue A

School zip code

85364

Requested competency code

Math

Date submitted

09/27/2016

Approved

Yes

Approved competency code

• MTH3
• 4 years of Math

Approved date

09/28/2016

Online / Virtual

No