Illuminations: Real Estate Tycoon

# Real Estate Tycoon

 In this year-long project, students design, "build," and "sell" a house; after which they simulate investment of the profits in the stock market. Along the way, students make scale drawings, compute with fractions and decimals in various contexts, and even solve simple equations. This lesson plan was adapted from an article by David B. Smith, which appeared in the September 2000 edition of Mathematics Teaching in the Middle School.

### Learning Objectives

 Students will: work flexibly with fractions, decimals, and percents to solve problems solve problems involving scale factors recognize and generate equivalent forms for simple algebraic expressions and solve linear equations recognize and apply mathematics in contexts outside mathematics

### Materials

 Drafting tools (T-square, drawing board, right triangles, compass) Graph paper Tag board Stock Market Activity Sheet Newspapers or other sources for information about stock market prices and local real estate values

### Teacher Reflection

 Did any students show difficulty mastering basic drawing and measuring skills? If so, what did you do to overcome those difficulties? Did the project hold the students' interest throughout its duration? To what do you attribute the success if the project did hold the students' interest? If you feel the students were bored with the project, what could you have done differently? Did you involve members of the community, such as real estate agents, contractors, etc.? How did your students interact with these professionals? Is there anything you could have done to improve the interactions?

### NCTM Standards and Expectations

 Algebra 6-8Recognize and generate equivalent forms for simple algebraic expressions and solve linear equations. Use symbolic algebra to represent situations and to solve problems, especially those that involve linear relationships. Explore relationships between symbolic expressions and graphs of lines, paying particular attention to the meaning of intercept and slope.

### References

 Smith, David B. "A Thematic Mathematics Project for Grade 7." Mathematics Teaching in the Middle School, Volume 5, Number 1 (September 2000): pp. 12-18.

3 periods

### NCTM Resources

 More and Better Mathematics for All Students
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