Nuffield Mathematics teaching resources are for use in secondary and further education

# Money management

##### FSMQ Level 1 scheme of work

A suggested work scheme for this AQA Level 1 (Foundation) FSMQ is given below.  This recommends a total of 60 guided learning hours (such as 2 hours per week for 30 weeks, 4 hours per week for 15 weeks, or 5 hours per week for 12 weeks).  There is plenty of scope for varying the order and time allocation, as many of the mathematical techniques can be covered in several different topic areas.

Some techniques should be introduced as soon as possible and used throughout the course.  These include:

• money calculations (+, –, x, ÷ with and without a calculator) rounding values as appropriate (such as nearest pence, pound, £100)
• checking calculations using estimates, inverse operations and different methods (such as arriving at a total in different ways)
• using tables to record results
• using spreadsheets to carry out calculations and display results in tables and statistical charts and graphs.

Note that the AQA assessment of this FSMQ is by examination only and you should disregard any references to Coursework Portfolio requirements in the assignments which have not yet been updated.  These have been included for possible use as classroom activities but will not form part of the AQA assessment of this FSMQ.

 Topic area Content Nuffield resources The links below go to pages from which you can download the resources, some recently revised. Best buys (8 hours) Use decimals to make comparisons (putting in order of size).  Convert between fractions, decimals and %. $\frac{1}{2}$ = 0.5 = 50%,    $\frac{1}{4}$ = 0.25 = 25%,      $\frac{1}{3}$ = 33%,   $\frac{1}{10}$ = 0.1 = 10%,   $\frac{1}{5}$ = 0.2 = 20%, and multiples of these. Use % to make comparisons. Select the best buy in a range of contexts. Express two or three quantities as a ratio, divide a quantity in a given ratio (such as 2 : 3 : 5) and use ratios to make comparisons (between 2 or 3 values) (May also require conversion of units such as kg to g, litres to ml) Best buys Examples and worksheet. Party time (assignment)  Use on-line shopping to find best buys and cost a party.  Optional use of spreadsheet Fractions, decimals and percentages  Slideshow shows the relationship between fractions, decimals and percentages.  Follow me game and worksheets provide practice. The best buy (assignment)   Assignment with structured section on best buys followed by an extension giving  students the opportunity of working independently. Ratio bingo and matching cards    Activities giving learners practice in simplifying ratios. Currency (3 hours) Use British coins and notes to make amounts and give change. Use exchange rates to convert amounts between currencies. Convert currency     Interactive spreadsheet for practice in converting between £ and euros and £ and dollars Order forms (6 hours) Read and use information given in tables. Express one quantity as a fraction of another (in its simplest terms). Express one quantity as a percentage of another. Calculations involving finding fractions and percentages of quantities (such as discounts, VAT) Find per cent   Find % without a calculator and on a spreadsheet. Work out VAT     Find VAT without a calculator and on a spreadsheet. Have a holiday (assignment)   Data sheet giving information about holiday costs, assignment and sample exam questions. Optional use of spreadsheet. Ordering from a catalogue (assignment)   Students choose furniture for a bedroom and complete an order form.  Also includes use of a scale diagram.