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2010 Numeracy and Financial Education Summer Institute

Wednesday, July 28, 2010
Thomas Webb Richards Room, 3rd floor, at the Inn at Penn
Guests: Rosella Bannister, Cathy Bowen, Hilary Hunt, Mary Rosenkrans

7:30 - 8:30 Breakfast
Continental breakfast will be available in our meeting room, including breakfast pastries, muffins, bagels and croissants with butter and fresh fruit preserves, sliced seasonal fruits, chilled fruit juices, freshly brewed coffee, decaffeinated coffee and a tea selection.
8:30 - 9:00 Welcome, Introductions, and Orientation to the Workspace
  • Set up participants' laptop computers and connect to the network
  • Other logistics
  • Adobe Connect
9:00 - 9:30 Workshop Overview and Background on the Math Forum
  • The Math Forum Enhanced Tools for Financial Literacy - our grant funded by FINRA Investor Education Foundation

  • Goals of the grant:
    The Math Forum at Drexel University, the leading online mathematics education community, proposed to create The Math Forum Enhanced Tools for Financial Literacy, providing widely distributed and easily accessible Enhanced Tools integrating financial education concepts in 6-12th grade mathematics. Integrating financial literacy concepts into the required math curriculum ensures the greatest exposure of math students to financial education.

    Since most school districts in the US require math be taken throughout the school career of a student, reaching this group essentially means having access to the vast majority of K-12 students. Financial education concepts will be presented through popular Math Forum features like the Problems of the Week, connecting the problem-solving skills to the ability to negotiate financial literacy situations. Teachers will improve their skills through professional development training and mentoring for teachers.

  • Goals of the Institute:

    • exploring the mathematics in financial ideas, concepts and choices
    • create a useable, teacher-friendly structure to house the Math Fourm's financial education resources
    • map out an online professional development course to be offered in the fall for math teachers
  Background on the Math Forum
9:30 - 10:00 Let's do math! Scenario Only: 2884: Burger Inflation?
10:00 - 11:00 Where's the math? - in small groups examine a lesson from a financial education curricula
[10:15 - 10:20] Mid-morning snack available
  • Group 1: Savings
  • Group 2: Earning/Career/Education
  • Group 3: Investing
  • Group 4: Protecting/Insuring/Security
  • Group 5: Budgeting/Spending
  • Group 6: Owing/Credit
  • Group 7: Giving

What did you notice about:

  • math content, topics and skills?
  • financial content? Is this content mathematical as well or not?
  • student learning?
  • teaching practices?

What did you notice about the process and the interaction?

Each group records notes on the NFEwiki

11:00 - 11:45 Full Group Discussion
  • What do you notice?
  • What are the strengths?
  • What are the weaknesses?
12:00 - 1:00 Lunch served in our meeting room
1:00 - 2:00 Sharing lessons
  • Mary Lester: A lesson on exponential growth
  • Bruce Boehne: A project [download file: PDF or MS Word] he does that involves science, technology and venture capital
2:00 - 3:00 Math Tools
  • Tips on browsing and searching Math Tools
  • My MathTools: Profile, Friends, Saved Items
  • In small grade-level groups, explore one or two of the highlighted math tools. Then do some searching and see if you can find an interesting tool with financial applications.
  • Some ideas to discuss as you explore:
    • What does the technology add to instruction or learning?
    • What does the technology not do that we wish it could do?
    • How can we envision it working better?
    • What do teachers need to make use of it effectively?
  • Each group records notes on the NFEwiki
3:00 - 3:30 Afternoon snacks and beverages
3:30 - 4:30 Problem Solving Strategy Activity
4:30 - 4:45 Reflection on the Day
  • What was most useful for you today? What was least useful?
  • What are you wondering about?
  • What suggestions do you have for improvement?
5:20 Meet in the lobby to walk to the train station
5:56 Catch the R3 train at University City Train Station to Morton
  • dinner at Steve and Ann's in Rutledge

Day 1 [Tuesday] || Day 2 [Wednesday] || Day 3 [Thursday] || Day 4 [Friday]

This program was made possible by a generous grant from the FINRA Investor Education Foundation.

The FINRA Investor Education Foundation, established in 2003 by FINRA, supports innovative research and educational projects that give underserved Americans the knowledge, skills and tools necessary for financial success throughout life. For details about grant programs and other FINRA Foundation initiatives, visit www.finrafoundation.org.

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