OKCPS
OCPS ACADEMIC STANDARDS

Mathematics - Math of Finance

Mathematics

The Priority Academic Student Skills (PASS) set forth the basic skills for Oklahoma students. These skills are meant to be used by educators in developing mathematics curriculum appropriate to the needs of their students.

The Process Standards are benchmarked standards. For first through fifth grades, the process standards are included in only the fifth grade curriculum; for sixth through eighth grade, the process standards are included in only the eighth grade curriculum; and for the high school courses, the process standards are included in the curriculum for each course.

The primary goal of the Mathematics tests in the Iowa Tests of Basic Skills (ITBS), Form M is "to measure students' ability to reason and think mathematically."

The Stanford Achievement Test, Ninth Edition (SAT-9) contains two subtests for Mathematics levels Primary 1 through Advanced 2. At the SESAT and Task levels, only one subtest of Mathematics is included.

The Oklahoma Core Curriculum Test (P.A.S.S. Exam) for mathematics offers descriptors of student performance levels for grade 5, grade 8, and Algebra I.

The Mathematics section of the ACT contains sixty multiple-choice questions:
    * Twenty-four questions dealing with pre-algebra and elementary algebra
    * Eighteen questions dealing with intermediate algebra and coordinate geometry
    * Fourteen questions dealing with plane geometry
    * Four questions dealing with trigonometry


Perspective/Role in Society

    19.1 Credit: Finance Charge
The learner will be able to calculate the finance charge for a credit card and/or charge account by the unpaid balance.
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  
    19.2 Banking: Explore Services
The learner will be able to explore and comprehend services which are offered by banking institutions.
Strand Bloom's Scope Hours Source
Applications Analysis Master 1.0 OCPS Academic Standard, 2002
  
    19.3 Banking: Accounts
The learner will be able to open a bank account and perform common procedures, such as completing forms, computing balances, writing checks, making deposits, etc.
Strand Bloom's Scope Hours Source
Applications Application, Evaluation Master 1.0 OCPS Academic Standard, 2002
  
    19.4 Budget: Establish/Maintain
The learner will be able to establish and maintain a personal financial budget.
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  
    19.5 Loans: Judgement
The learner will be able to comprehend the effect of changing a loan's principal, rate, or payoff time on both the complete cost and the regular payment, using technology or spreadsheets where appropriate.
Strand Bloom's Scope Hours Source
Applications Comprehension Master 1.0 OCPS Academic Standard, 2002
  
    19.6 Car: Purchase/Payment
The learner will be able to explore, compare, and evaluate information about buying a car (used or new, down payment, insurance, maintenance, etc).
Strand Bloom's Scope Hours Source
Applications Evaluation Master 1.0 OCPS Academic Standard, 2002
  
    19.7 Credit Cards: Problem Solving
The learner will be able to solve real world problems regarding credit cards, including comparing costs, computing daily balances, finance charges, etc.
Strand Bloom's Scope Hours Source
Applications Application, Evaluation Master 1.0 OCPS Academic Standard, 2002
  
    19.8 Credit: Rating
The learner will be able to explain how a credit rating is established and how it determines the ability to receive a loan.
Strand Bloom's Scope Hours Source
Applications Comprehension Master 1.0 OCPS Academic Standard, 2002
  
    19.9 Purchase/Lease: Analyze
The learner will be able to compare and contrast the benefits and downfalls of buying versus leasing with respect to payments, taxes, insurance, maintenance, etc.
Strand Bloom's Scope Hours Source
Applications Evaluation Master 1.0 OCPS Academic Standard, 2002
  
    19.10 Taxes: Federal/State/Local
The learner will be able to demonstrate an understanding of local, state, and federal tax requirements.
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  
    19.11 Car/Home: Financing/Evaluate
The learner will be able to compare amortization schedules for various time periods when making judgments regarding the financing of a car or home.
Strand Bloom's Scope Hours Source
Applications Evaluation Master 1.0 OCPS Academic Standard, 2002
  
    19.12 Purchases: Down Payment
The learner will be able to calculate the amount of down payment required to buy a house (or condominium), and the price that can be afforded with respect to a given income.
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  
    19.13 Savings Instruments: Calculate
The learner will be able to calculate, compare, and contrast returns from a variety of savings instruments (e.g., CDs, bonds, money market, etc).
Strand Bloom's Scope Hours Source
Applications Application, Evaluation Master 1.0 OCPS Academic Standard, 2002
  
    19.14 Stocks/Bonds: Problem Solving
The learner will be able to investigate aspects of stocks and bonds (e.g., fees, terms, dividends, rates of return, etc) in order to solve real world problems and recognize relationships between them, using technology when necessary.
Strand Bloom's Scope Hours Source
Applications Application, Analysis Master 1.0 OCPS Academic Standard, 2002
  
    19.15 Inflation: Problem Solving
The learner will be able to investigate inflation, its effect on investments, and related consumer economic indicators by using mathematical processes and models.
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  
    19.16 Life Insurance: Analyze
The learner will be able to analyze a variety of life insurance options (e.g., cash/investment value, unit cost, etc) and qualitatively and quantitatively assess each.
Strand Bloom's Scope Hours Source
Applications Analysis Master 1.0 OCPS Academic Standard, 2002
  
    19.17 Evaluate Formulas: Find
The learner will be able to plug in given information to find missing values (e.g., d=150, v=50, t=?, d=r x t and find t).
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  
    19.18 Solve: Literal Equations
The learner will be able to solve formulas for indicated variables (e.g., d=r x t find t).
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  
    19.19 Personal Income: Gross Income
The learner will be able to calculate gross income, taking into account various pay scales (salary, commission, hourly wage) using technology when necessary.
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  
    19.20 Personal Income: Deductions
The learner will be able to identify deductions taken from a salary.
Strand Bloom's Scope Hours Source
Applications Knowledge Master 1.0 OCPS Academic Standard, 2002
  
    19.21 Purchases: Discounts/Sales
The learner will be able to solve real world problems where discounts, sales, and/or coupons are involved.
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  
    19.22 Personal Income: Payroll
The learner will be able to calculate the deductions made from a payroll check.
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  
    19.23 Purchases: Cost Comparison
The learner will be able to make judgments with respect to cost comparisons when deciding on food, shelter, clothing, transportation, etc.
Strand Bloom's Scope Hours Source
Applications Evaluation Master 1.0 OCPS Academic Standard, 2002
  
    19.24 Spending: Unit Price
The learner will be able to use unit-price to make shopping comparisons in order to determine the better buy.
Strand Bloom's Scope Hours Source
Applications Application, Evaluation Master 1.0 OCPS Academic Standard, 2002
  
    19.25 Credit: Compare
The learner will be able to make comparisons of different credit plans, including layaway, to identify the best choice for a specific need.
Strand Bloom's Scope Hours Source
Applications Evaluation Master 1.0 OCPS Academic Standard, 2002
  
    19.26 Credit Cards: Advantages
The learner will be able to explain the advantages and disadvantages of using a credit card.
Strand Bloom's Scope Hours Source
Applications Comprehension Master 1.0 OCPS Academic Standard, 2002
  
    19.27 Personal Finance: Rent
The learner will be able to explore the costs related to renting.
Strand Bloom's Scope Hours Source
Applications Analysis Master 1.0 OCPS Academic Standard, 2002
  
    19.28 Taxes: Completing Forms
The learner will be able to complete a variety of tax forms, including standard and itemized deductions.
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  
    19.29 Investments: Property
The learner will be able to recognize the advantages and disadvantages of property ownership.
Strand Bloom's Scope Hours Source
Applications Knowledge Master 1.0 OCPS Academic Standard, 2002
  
    19.30 Budget: Closing Cost
The learner will be able to approximate the closing costs when buying a house.
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  
    19.31 Interest: Compute/Simple
The learner will be able to compute simple interest.
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  
    19.32 Interest: Compute/Compound
The learner will be able to compute compound interest.
Strand Bloom's Scope Hours Source
Applications Application Master 1.0 OCPS Academic Standard, 2002
  

© 2003 by OKCPS and Scantron Corporation.  All Rights Reserved. Made with Curriculum Designer by Scantron Corporation.