Lesson 9 paragraph 3.2 + HW 3.1

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Welcome T3!

Economics lesson 8.

Please sit according the seating plan :)

Plan for today

Chapter 3: Dealing with money

Paragraph 3.2: Borrowing.

1. Start 

2. HW 

3. (meme) Lessongoals + instruction 3.2

4. Lesson goals check

5. Time to do the homework

Homework

1,4,5,6,8 and 12 of 3.1

Questions?

Lesson goals 3.2

You can explain the different borrowing motifs in your own words.

You can calculate credit costs.

You can explain what collateral is when you take out a mortgage. 

You can name the different forms of consumer credit.

Borrowing motives

Temporary cash shortage 

Buy a durable consumer good

Unexpectedly urgent need for money 

You want to buy a house --> Mortgage + collateral

Loan

Buy

Redemption

Instalments

+ interest / credit costs

Calculation credit costs

Credit costs= (number of instalments × instalment table) – loan

Myra borrows €1500 to buy a scooter with montlhy instalments of €27,- with a duration of 5 years. 

Question: calculate the credit costs

5 jaar x 12 maanden = 60 maanden

60 x €27 = €1620

€1620-€1500 = €120 kredietkosten

Consumer credits

- Personal loan

-In the red (Current account overdraft)

- Loan for a phone

-Instalment payment  --> Pay back in instalments, but imediate ownership 

Lesson goals 3.2

You can explain the different borrowing motifs in your own words.

You can calculate credit costs.

You can explain what collateral is when you take out a mortgage. 

You can name the different forms of consumer credit.

Lets get to business!

• What: Do exercises 16,18,19,20, 22AB, 23AB, 25B, 27AB

• With whom: Alone or together

• Doel: Process what we learned today

• Done?: Work on another subject