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Assessment Resource Centre (ARC)

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1. Stage 1
2. Mathematics
3. Activities
4. Money Matters

## Money Matters

Midway through Stage 1 (end of Year 1) End of Stage 1 (end of Year 2)
New Work Samples
Reese
Nicky
Haley

## Foundation Statement strands

Working Mathematically, Number

## Description of activity

Part A
Students are given a collection of 5, 10, 20 and 50 cent coins (or cardboard shapes representing these). They demonstrate and record different ways of making 20 cents, 50 cents and \$1 using the coins.

Part B
Students determine the change that they would receive from \$1 if they made each of the following purchases;

(i)  1 ruler @ 30 cents each
(ii) 2 erasers @ 40 cents each
(iii) 1 notebook @ 75 cents each
(iv) 3 pencils @ 20 cents each

## Suggested materials

5, 10, 20 and 50 cent coins (or cardboard shapes representing these), paper, pencils

## Prior learning

Students have had practice counting money and performing simple calculations with money. They have used concrete materials to model addition and subtraction problems.

Board of Studies NSW, K–6 Mathematics Sample Units of Work, p 46

## Outcomes

Whole Numbers (NS1.1)
Counts, orders, reads and represents two- and three-digit numbers.
Addition and Subtraction (NS1.2)
Uses a range of mental strategies and informal recording methods for addition and subtraction involving one- and two-digit numbers.
Multiplication and Division (NS1.3)
Uses a range of mental strategies and concrete materials for multiplication and division.
Applying Strategies (WMS1.2)
Uses objects, diagrams, imagery and technology to explore mathematical problems.
Reasoning (WMS1.4)
Supports conclusions by explaining or demonstrating how answers were obtained.

## Criteria for assessing learning

Students will be assessed on their ability to:

• represent equivalent amounts of money using different denominations
• use concrete materials to model addition problems
• perform simple calculations with money
• use a range of strategies for addition, subtraction and multiplication problems
• explain or demonstrate how an answer was obtained.