Topic 1.3 Enough Choice!

• Economie
• Middelbare school
• havo
• Leerjaar 2

Topic 1

Enough Choice!

Agenda

• Discuss Homework
• Explanation Topic 1.3
• Get to work! 

Discuss the Homework

Topic 1.2 Keep the money rolling in - 2

Learning Goals

After this lesson you:

- Know the difference between free products and economic products

- Know the difference between primairy needs and secondary needs

- Know what prosperity is and what influences the prosperity of a human being

Products

Two types of products:

Free products – you can use them freely

Economic products – cost money

Primairy needs

Everything that you need or would love to have, are called needs

Primary needs - you need this to live/survive

For example: drinks, food, clothing

Secundairy needs

The need for luxury

For example: smartphone, computer, car, holiday

Means are needed to fulfill someone's needs:

• Time
• Money
• Assets

These means are limited, that's what you call scarce. A consumer needs to make choices. You need to prioritize in order to make the right choices

Prosperity

• The degree to which you can meet your needs is called your prosperity
• Another part of your prosperity is determined by your sense of happiness
• You can view the prosperity of a country by calculating the per capita income

Is prosperity the same as wellbeing?

• Prosperity -> the extent to which you are able to fulfill your needs
• Wellbeing -> shows how happy and satisfied you are with your life

geluksmeter cbs

Calculating the per capita income

income per capita = national income : number of inhabitants 

National income €600 billion

Inhabitants 17 million 

• Answer -> €600 billion : 17 million = €35,294.12 

Quiz

Money can be seen as an object with value

1. True
2. False

There are three functions of money: saving, exchanging and paying

1. True
2. False

One advantage of the Euro is that we can now order online more easily

1. True
2. False
3. It has nothing to do with it

Money can be seen as an object with value

1. True
2. False

There are three functions of money: saving, exchanging and paying

1. True
2. False

One advantage of the Euro is that we can now order online more easily

1. True
2. False
3. It has nothing to do with it

How many banknotes are there?

There are 7 banknotes in the European Union

Examples of free products are:

1. Sunlight and wind
2. Sunlight and books
3. Books and pens
4. Wind and paper

Give two examples of primairy needs

Give two examples of secundairy needs

Which means influence how people make their choices? Name two...

Can you explain the difference between prosperity and wellbeing?

Get to work!

10 minutes on your own in silence

Do tasks from: Enough Choice!

Questions? Raise your hand or come to the desk

Done? Work on another subject