Lesson seven 26-9-2022

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t3b
Economics: lesson seven
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EconomieMiddelbare schoolhavoLeerjaar 3

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Welcome!
t3b
Economics: lesson seven

Slide 1 - Diapositive

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Chapter 2 Dealing with money
Paragraph 2.1 Saving and investing?

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Goals of the lesson
- Being able to explain the saving motives in your own words
- Remember the different types of saving accounts
- Being able to explain the difference between variable- and fixes interest

-Being able to explain and calculate the difference between single- and compound interest 

- Explain in your own words what investing means

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Investing in tangible assets
-Government needs money --> bonds
                     - Fixed interest (little risk)

-Companies need money--> stocks
                    - company makes a profit? --> return on investment
                    - a loss --> nada (more risk)

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Inflation




Nominal interest =  in €€€€€
Real interest = nominal corrected by inflation

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Practice single interest
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I have €47,- savings. Interest = 0,2%. Calculate the single interest for year 2 and 3

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Practice compound interest
nn



I have €125,- savings, interest = 0,3%. Calculate the compound interest for 4 years.

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Any questions?
About what we learned today?

About the homework?

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Let's get to it!
• What: Do the following exercises: 7, 10, 11, 14, 15, 17, 19 and 20
• How: In your notebook
• With who: In pairs or alone
• Time: Untill a few minutes before the end of the lesson
• Purpose: Process all theory from paragraph 2.1
• Klaar?: Call me, I'll tell you what to do next

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