7.1 Tijd is geld

• Economie
• Middelbare school
• havo, vwo
• Leerjaar 3

Exchange over time

7.1 Time is money

Which problem may occur when the price of the scooter increases with 3% each year?

Time is money

human capital 

pension fund

savings

Savings and loans

postpone consumption

price = interest 

low interest = inexpensive time

high interest = expensive time 

Do some excersises

Do ex. 1 u/i 6 + ex. 8

done?

Do ex. 7

Exchange over time

7.1 Time is money

Inflation

“Increase in the general price level of goods and services in an economy over a period of time”

2000: €1,00

2019: €1,25

Nominal and real

Nominal interest rate

Inflation

Real interest rate

Nominal and real

2017

Savings: €200,-

New telephone: €200,- 

Interest: 2%

Inflation: 2,5%

What happend to the purchasing power?

Index

Number used to show the relationship between a series of figures.

Base year always has the index 100

Index

Big Mac Menu

2015: €4,50

2016: €4,65

2017: €4,95

Base year: 2017

Do you have any questions about chapter 7.1 so far?

Do some excersises

Do ex. 9 u/i 12

Done?

Do ex. 13 and 14