Lesson 5 paragaph 1.3 + HW 1.2

• Economie
• Middelbare school
• havo
• Leerjaar 3

Welcome T3!

Please sit according to your seating plan :)

Economics: lesson five

Plan for today

Chapter 1: Money moves around

1.3 Budgeting

1. Start (meme)

2. Lesson goals 1.3

3. Instruction

4. Lesson goals check

5. Time to do the homework

Homework

Exercises 13 until 24

 

17,19,22

Lesson goals 1.3

1. You can, using a budget function, calculate how a certain budget can be spent on two products. 

2. You can draw a budget line 

3. You can explain how changes in pricing or budget affect the chart.

Budgetline: M = P_xx + P_yy 

Example:

I earn an income of €45,- . Calling for 15 minutes costs €5,- and going to a party costs €15,- a night

How many times can I visit a party if I call for 45 minutes?

How to draw the budgetline 

1. Draw a system of axes

2. Put the right information in the graph

3. Fill in the formula (M=P_xx + P_yy )

4. Calculate the number of 15 minutes I can call if I don't party

5. Calculate the number of party's I can go to if I don't call

6. Draw the quantities of step 4 and 5 on the right axis

7. Draw a line between the two points

Budgetfunction 10= 0,1X + 0,25Y

How many text, if I call for 20 min?

What if the budget becomes €12,-?

What if Px=0,2?

budget set

Lesson goals 1.3

1. You can, using a budget function, calculate how a certain budget can be spent on two products. 

2. You can draw a budget line 

3. You can explain how changes in pricing or budget affect the chart.

Let's get down to business!

• What: Do the following exercises of 1.3: 25,27,29,31,32,33 + 34

• With who: In pairs or alone

• Purpose: Process what we learned this week

• Done?: Do the plus exercises or work on another subject