CH01.02 Four factors to improve your international position

Welcome
3 TVWO


Chapter 1
The Netherlands and the world


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Slide 1: Slide
EconomieMiddelbare schoolvwoLeerjaar 3

This lesson contains 13 slides, with interactive quizzes and text slides.

Items in this lesson

Welcome
3 TVWO


Chapter 1
The Netherlands and the world


Slide 1 - Slide

Lucas and Fleur booked a shopping trip to London. The bought €500 worth of pounds. The exchange rate at that moment was €1 = £0,84.
Back home they have £98 left. The current exchange rate is £1 = €1,25.

How much money, expressed in euro's, did they spend during the weekend according to the latest exchange rate?

Slide 2 - Open question

Today's learning outcome
By the end of this lesson you should be able to explain the four most important factor for a better international competitive position.

Slide 3 - Slide

timer
1:00
What factors do you
think are important?

Slide 4 - Mind map

The four most important factor for a better international competitive position
• natural circumstances;
• wage costs;
• the infrastructure;
• historical circumstances.

Slide 5 - Slide

Natural circumstances
- Climate
- National resources

Netherlands -> Farmers cheeses
France -> Wine
Kuwait -> Oil

Slide 6 - Slide

Can you think of another product that the Netherlands export because of natural circumstances?

Slide 7 - Open question

Wage costs
Lower wages -> lower production cost 

Wage per product:
An employee ears €30,000 per year and produces 1,000 bikes. His wage per product is: 30,000/1,000 = €30

An employee in an other country earns €2,500 per year and produces just 50 bikes. Which one of the employees has the lowest wage cost per bike?

Slide 8 - Slide

Employee A earns €30,000 per year and produces 1,000 bikes. His wage per product is: 30,000/1,000 = €30

Employee B in an other country earns €2,500 per year and produces just 50 bikes. Which one of the employees has the lowest wage cost per bike?
A
Employee A
B
Employee B

Slide 9 - Quiz

The infrastructure
A better infrastructure leads to faster transportation and communication -> lower costs

Slide 10 - Slide

Historical circumstances
Why does the Netherlands produces Tulips?
Why does Germany produces so many cars?

Slide 11 - Slide

Historical circumstances
Why does the Netherlands produces Tulips?
Why does Germany produces so many cars?

Just because we've always done that. The Germans starten fabricating the first cars and they're specialised in fabricating cars.

Slide 12 - Slide

Homework
Society Chapter 1
Assignments 1.6 up to and including 1.13

Importance: 
Practice with the four factors that improve the international competitive position.


Slide 13 - Slide