2.2 lorenz curve (class 3)

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EconomieMiddelbare schoolhavoLeerjaar 3

Cette leçon contient 16 diapositives, avec quiz interactif, diapositives de texte et 1 vidéo.

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Slide 1 - Diapositive

Program
1. Recap previous class + homework
2. Short explanation + assignment
3. Prepare for the test (next week)

Slide 2 - Diapositive

Which important factors are not included when calculating the GDP of a country?

Slide 3 - Question ouverte

Slide 4 - Vidéo

Lesson goals
At the end of the class you are:

- able to explain what prosperity means
- Explain what GDP and growth rates stand for
- Know what to do to prepare for the test

Slide 5 - Diapositive

Test
Final class before the test of chapter 2


Slide 6 - Diapositive

Lorenzcurve

Slide 7 - Diapositive

Cumulatief  % inkomen
Cumulatief % huishouden
 

Horizontal axe shows the cummulative percentage of households 

Vertical axe  shows the cumulative percentage of incomes

Lorenzcurve starts always with (0,0) because 0% of the population makes 0% of the income


Lorenzcurve

Slide 8 - Diapositive

Assignments
Discuss assignments 2.10 tm 2.15 

Slide 9 - Diapositive

Building block chapter 2
Income distribution in a nursery  (p. 31)

Income for a nursery come from different categories (wages, rent, profit, etc.)


Slide 10 - Diapositive

Building block chapter 2
If we express a quantity as a percentage of the (national) income --> the outcome is called a ratio

Wage expressed as a percentage of the total primary income of the nursery is called the wage ratio

Slide 11 - Diapositive

Building block chapter 2
Wage ratio = wage : total income x 100%

Slide 12 - Diapositive

Assignments
complete assignment 1 from the building block (p. 31 + 32)

Done? Start preparing for the test

Slide 13 - Diapositive

What do you need to know for the test?
- Understand and calculate with primary, transfer and national incomes
- Understand and exlain what is meant with GDP and the HDI (Human Development Index)
- Understand and exlain what is meant with the factors of production and link these to the right incomes
- Understand and exlain what is meant with income distribution
- Be able to draw a Lorenz curve and explain what is shown with this figure
- Understand and exlain what is meant with prosperity
- Understand and exlain what is meant with growth rates
- Calculate with big numbers


Slide 14 - Diapositive

How to prepare for the test
Learn the theory from the book

Redo/check difficult assignments

Complete the building block assignments 

Difficult topics? --> search for an explanation video on youtube

Test is a combination of theory and calculations

Slide 15 - Diapositive

Lesson goals
At the end of the class you are:
- able to explain what you can do with a Lorenz curve
- able to draw a Lorenz curve
- able to explain what prosperity means
- Explain what GDP and growth rates standr 

Slide 16 - Diapositive