How do markets work? - lesson 2

• Economie
• Middelbare school
• vwo
• Leerjaar 3

What are you going to do today?

• Learning goals previous lesson
  
• Todays learninggoals
• Instruction 3.1 second part
• Work on the assignments
• Check todays learninggoals

Kort herhalen

In de volgende dia's worden je zo een aantal herhalingsvragen gesteld. Probeer deze vragen zo goed mogelijk en zonder boek te beantwoorden. Op die manier kan jij (en de docent) kijken welke onderdelen je al goed beheerst en welke onderdelen je nog extra zou kunnen oefenen. 

I you had any difficulties with an assignment please note the number assignment over here. If not, please respond with: /

What is the difference between a concrete and an abstract market?

What happens to the consumer surplus (for somebody willing to pay €40) when the market price increases form €25 to €30?

Please upload a picture of your homework.

Used more than one page?
Upload a picture of the rest of the assignments.

Used more than one page?
Upload a picture of the rest of the assignments.

Learning goals

• You can explain which factors influence the demand.
• You can calculate the price elasticity.
• You are able to interprent the outcome of the price elasticity. 

Verschuiving op/langs de vraagcurve

Verschuiving van de vraagcurve

Time to do some assignments

* Read page 75, 76 and 77.

* Do assignments 11 up to and including 17.

* Check the following slides to see if you reached todays learning goals.

* You will find some video's attached that you can watch for some extra explaination. 

During the lesson you can ask questions using the chat in Zoom.

Good luck!

Check your learning goals

Please upload a picture of the assignments you made during this lesson.
If you need more room you can use the next sheet.

Please upload a picture of the assignments you made during this lesson.

A product with a price elasticity of 0 is...

1. inelastic
2. elastic
3. completely inelastic
4. completely elastisch

A product with a price elasticity of -5 is...

1. inelastic
2. elastic
3. completely inelastic
4. completely elastisch

When the price of an product changes is it a shift of the whole demand curve.

1. true
2. not true

Which four factors influence the demand?

Homework 

3.1 assignment 11 up to and including 17