A former wall street trader will share real-world trades that he uses as “experiences” to teach math to secondary students. Included will be a discussion of the specific Common Core State Standards that students master through their learning.

1. Math in the Real World
Lee Kaltman
Cornell University
May 9th, 2015

2. A little about me
• Finance Degree, Babson
College
• 10 years business
development
• 10 years public school math
teacher
• 3 years experimenting with
new ways to provide
pedagogy

3. What is an
educator’s job?

4. To guide students to
master standards and
certify the mastery

5. Transference

6. What does transfer
look like?
https://vimeo.com/108344563

7. How do you apply what
you are doing in class in
the real world?

8. When%I%look%at%this%I%see%Math.%
What%Math%do%you%see?%

9. Authentic projects
with student teams

10. Service Learning Internship
https://vimeo.com/69880515
Step two:
Common Core Standard
CCSS.Math.Content.HSN-Q.A.2 Define appropriate
quantities for the purpose of descriptive modeling.

11. Finance Internship!
!
©2014 by School.me, Inc. all rights reserved.
Learning(Opportunity!
! Investment!Apprenticeship! !
!
Description(
Collaboratively!perform!diligence!on!investments!and!!
compile!research!reports.!!Performance!based!stipend.!
( (
Essential(question(
How!does!one!maximize!the!return!on!an!investment?!!
(Inputs!are!financial,!social,!sustainable,!and!happiness!values)!
!
Multidiscipline(learning(experience(
Math%/Science/%Art/%Social%Science/%Language%Arts%/%Health/%PE/%Art%
Common%core%aligned:%http://www.corestandards.org/the>standards%
%
Cdetermine!asset!class!and!create!valuation!framework!
Cperform!market!research!looking!at!macro!and!micro!factors!
Creflect!on!the!opportunity!cost!attributed!to!time!value!of!money!
Cperform!cash!flow!analysis,!as!well!as!tangible!value!analysis!
Cperform!social!impact!analysis,!as!well!as!sustainable!value!analysis!
Ccreate!assumptions,!make!predications,!and!assess!risks!
Cdetermine!valuation!and!evaluate!finance!alternatives!
!
Skills(required(
Ability!to!perform!or!desire!to!learn!basic!computer!skills!such!as!“office!
suite”!products,!ability!to!use!a!calculator,!ability!to!comprehend!both!two!
dimensionally!as!well!as!three!dimensionally,!ability!to!focus!on!a!longCterm!
project!with!specific!tasks,!ability!to!keep!confidence!of!proprietary!
information,!ability!to!work!on!a!team,!ability!to!multiCtask,!ability!to!take!
risks,!ability!to!accept!failure.!

12. Project: Historic
House Renovation
• Estimation
• Measurement
• Problem Solving
• Geometry
• Algebra
• Statistics

13. Analysis of a Purchase
• looked at similar local property
values
• figured out average selling
price per square foot
• brought in subcontractors to
assess cost of improvements
• added 25% to estimates to be
conservative
Purchase Price:
$130K
2,000 sq ft
$65/sq ft
Market Price:
$150/sq ft
last 5 houses sold

14. Figuring out
Budgets and
cash flows once
complete and
then evaluating
financing

15. Working
through
Geometry
and problem
solving
SHEET%ROCK%MATH%by%Lee%Kaltman,%MS%Ed%
(Carpenter%skills%were%taught%by%Joel%Brain,%Master%Teacher)%
%
%
%
!
!!!!!! !
!
The!Carpenter!has!a!
right!angle!ruler!to!
help!cut!straight!lines!
in!sheet!rock.!
The!carpenter!can!cut!
the!sheet!rock!with!a!
razor!sharp!blade.!
The!carpenter!
needs!to!cut!a!
piece!for!this!
rectangular!
space!but!
needs!to!leave!
the!opening!
for!the!fan?!
What!are!the!different!ways!the!carpenter!could!figure!
out!the!area!of!the!circle!so!he!can!fit!the!sheetrock!as!
in!the!finished!picture?!
!
https://www.transfolios.com/users/
2/submissions/252

16. Structured Equity
Trades

17. Betting on a BOOM
Protection from a BUST
What is a Boom / Bust (Outliers) Trade?
*see real world trades (expires March 2015)

18. Questions
• What is a security?
• What is a share of stock?
• What does Boom mean?
• What does Bust mean?
• What is a commission?
• What does buy an option entail?
• What is time value of money?

19. Working through some math

20. What would this trade be called?
*see real world past trades (expired March 2013)
A different kind of trade for extra credit

21. Real World case
scenarios for strategy
Timeline:(
Read(Sears(document((5(minutes)(
Brainstorm(activity(in(group((15(minutes)(
Presentation(((10(minutes)(

22. Sears&
The$department$store$has$struggled$in$
recent$years$with$poor$performing$
stores$and$an$outdated$brand$in$
addition$to$competing$with$e7commerce$
savvy$competitors.$$In$December$2014,$
Sears$was$on$track$to$post$its$eight$
annual$revenue$drop$and$it’s$fourth$
annual$loss.$
Thanks Creativeniche for Lesson Idea

23. Summary:&
After$you$read$the$document$as$a$team$brainstorm$
new$ways$to$transform$the$Sears$business$that$is$
threatened$by$limited$resources,$advances$in$
technologies$and$changes$in$consumption.$$Your$goal$
is$to$Find$creative$value$and$identify$a$new$strategy$
that$will$help$Sears$Flourish.$
As&Educators:
Think$of$new$standards$that$group$was$able$to$think$
through$the$process$of$this$business$strategy.$
Group work

24. How could you bring real world
business scenarios to engage
students to master standards and
provide transfer?

25. Playing games also
creates Transference

26. Project Dominos
The game of dominos
offers an opportunity to
teach the basics of
number sense by
physical representation
of quantities but to
become a “master”
domino player one will
compute higher level
game theory
computations.

27. How many different standards does the
student master playing dominos?
How many different standards does the
student master from thinking through
making the dominos?

28. We all learn best from experience:
https://vimeo.com/126983399
If you have follow up
questions please feel free to
contact me at lee@school.me