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Multipliers
From the Integrating Mathematical Problem Solving project by Mathematics for Education and Industry (MEI), this activity for post-16 students shows how money which circulates has a greater effect than could be expected. The activity starts by students predicting on what they will spend their wages when they get a job and, from that, modelling a simple economy. Students then use a spreadsheet to test their model and in conclusion have to decide how realistic their model is. The mathematical ideas used to achieve this are:
• Infinite geometric series
• Reverse percentages
• Multipliers
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Multipliers teacher notes 128.45 KB
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A simple economy 227 KB
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A simple economy 66 KB
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Multipliers teacher notes 128.45 KB -
A simple economy 227 KB -
A simple economy 66 KB -
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Download all files as a .zip337.18 KB
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