Lesson 3 paragraphs 1.1 HW and 1.2 part one

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Welcome T3!

Please sit according to your seating plan :)

Economics: lesson three

Plan for today

Chapter 1: Money moves around

Paragraph 1.1: What do you need? and 1.2 to buy is to choose

1. Start

2. Lesson goals 1.1 & check homework

3. meme + lesson goals 1.2

4. Instruction on p1.2 + glossary

5. Time to do the homework

Lesson goals paragaph 1.1

1. You can explain what scarcity means in your own words.

2. You can explain what free goods are in your own words.

3. You can clarify the difference between goods and services.

4. You can explain the difference between durable and non-durable goods.

5. You can explain the concept of alternative application.

Question 5

Assess: are the following goods free or scarce goods.

- Crude oil

- Mandarins

- Wind power

- vacations

- Beach

- Diamonds

Question 8

Question 11

Questions 1, 2, 4, 6, 7, 9 and 10

Check them yourselves

(please whisper)

Paragraph 1.2 

To buy is to choose?

Lesson goals 1.2 part 1

1. You can give examples of different types of expenses.

 

2. You can name different types of income.

3. You can draw up a budgetsheet

4. You can convert a monthly amount of money to a weekly amount and vice vera.

Fixed expenses

Flexible expenses

Discretionary expenses

Sort of expenses

Types of income and budget

Income from 

Labour: 'wage'

Income from 

Assets: 

'rent' (real estate)

'interest' (savings)

Transfer income:

'Allowance' or

'Benefits'

A budgetsheet

Calculation: Month to week

12 months in a year

52 weeks in a year

NOT 4 weeks a month

 

Practice

I earn €736,- a month. How much do I earn per week?

Round off to two decimal places

Lesson goals 1.2 part 1

1. You can give examples of different types of expenses.

 

2. You can name different types of income.

3. You can draw up a budgetsheet

4. You can convert a monthly amount of money to a weekly amount and vice vera.

Let's get to it

• What: Do exercises 1.2 part one: 14, 15, 17, 18, 20 and 21

• With who: With your neigbour or individually

• Purpose: Achieve lesson goals 1.2 (part 1) 

• Done?: Proceed with the other exercises of this paragraph