Quick summary: This lesson presents students with an introduction to income and wealth. The class will watch an animated YouTube clip that aims to address the meaning of income and wealth inequality in Australia and why it is problematic.
To help students understand the distribution of wealth, they will use their mathematical thinking skills to work out fractions (of a whole) on a number line and in simple data displays – using the current ABS data.
A practical and interactive exercise will encourage students to play a game of Monopoly based on income and wealth inequality statistics. Students should begin to realise how their income and inequality can affect their ability to make purchases (and remain in the game) compared to other players.
- Students understand the difference between ‘income’ and wealth’
- Students can interpret simply animated and graphical representations of the distribution of income and wealth in Australia, and relate this to the concept of ‘fairness’ and ‘sharing’
- Students use concrete materials to model simple fractions and the ‘sharing’ of fractions of amounts between even groups of people
- Students solve problems of sharing using simple fractions and represent this on a simple data display.
Australian Curriculum Mapping
Year 3 Mathematics:
- Recall multiplication facts of two, three, five and ten and related division facts (ACMNA056)
- Represent and solve problems involving multiplication using efficient mental and written strategies and appropriate digital technologies (ACMNA057)
- Represent money values in multiple ways and count the change required for simple transactions to the nearest five cents (ACMNA059)
Year 4 Mathematics:
- Recall multiplication facts up to 10 × 10 and related division facts (ACMNA075)
- Develop efficient mental and written strategies and use appropriate digital technologies for multiplication and for division where there is no remainder (ACMNA076)
- Solve problems involving purchases and the calculation of change to the nearest five cents with and without digital technologies (ACMNA080)
Syllabus outcomes: MA2-2WM, MA2-3WM, MA2-4NA, MA2-5NA, MA2-6NA.
General capabilities: Numeracy, Creative and Critical Thinking, Ethical Understanding.
Relevant parts of Year 3 achievement standards:
At the end of grade 3 students recognise the connection between addition and subtraction and solve problems using efficient strategies for multiplication
Relevant parts of Year 4 achievement standards:
At the end of grade 4 students choose appropriate strategies and calculations involving multiplication and division.
Topic: Poverty and Inequality in Australia
Time required: 90 mins.
Level of teacher scaffolding: Medium – facilitate class discussion
- Access to the Internet and the YouTube video
- A device capable to project and present the YouTube clip to class (ensure sound works)
- Dice (6 sided) per group.
- Printed copies of Monopoly Game Board per group
Keywords: Income, wealth, sharing, fair share, per cent, money, poverty, inequality.
Cool Australia’s curriculum team continually reviews and refines our resources to be in line with changes to the Australian Curriculum.