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Maths for Everyday Situations: Financial Maths.

Maths for Everyday Situations: Financial Maths

Witold Tietze & Kathryn Fallon Published by Knowledge Books and Software, 2004 ISBN 1920824561 85 pp., soft cover, $54.95

With the rise to prominence of "numeracy" in school curricula, teachers need to be concerned for the application of mathematics to "everyday" situations and work to have students forge cross discipline linkages. In many such situations "weights, measures and financial settings" are involved.

"Application", as a process, needs to be recognised as the three faceted activity that it is, if this aspect of numeracy is to be tackled purposefully. Firstly, the real world field where the application is to take place must be understood in its structure and dynamics. Secondly, the appropriate mathematical content and procedures must be at hand and how these model the application field understood. And thirdly, there needs to be an appreciation of the kinds of understandings and knowledge revelations which can come from the modelling actions: what kinds of questions can be asked and answered from the application of the model.

Whilst the book under review has concern for all three facets of application, the principal focus is on the first and third prongs of involvement directed to, and through, "financial situations".

In all, thirty (30) distinct financial situations and settings are considered ranging from Expense Accounts to Budgeting to Tax Returns to Compound Interest to a consideration of the Consumer Price Index. The topics treated are well chosen, meaningfully sequenced and comprise a comprehensive collection concerning "financial matters". In general, the format for each topic is:

* a succinct, yet "insightful", introduction to the topic

* a collection of exercises and activities

* answers to the exercises, supplied at the back of the book

The material takes the form of black line masters so is approved for class use reproduction.

In the opinion of this reviewer, the form of presentation is excellent and the specific exercises lend themselves to supplementation, variation and extension by the teacher.

This is a well developed publication and, given all its features, is great value for money. Recommended for teacher and class use at all levels of secondary schooling past Grade 8.

Ken Milton
COPYRIGHT 2005 The Australian Association of Mathematics Teachers, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
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Author:Milton, Ken
Publication:Australian Mathematics Teacher
Article Type:Book review
Date:Sep 22, 2005
Words:357
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