Topic 1.3 Enough Choice!

• Economie
• Middelbare school
• havo
• Leerjaar 2

Topic 1

Enough Choice!

Agenda

• Discuss Homework
• Explanation Topic 1.3
• Get to work! (LessonUp and tasks Enough Choice!)

Discuss the Homework

Topic 1.2 Keep the money rolling in - 2

Learning Goals

Products

Two types of products:

Free products – you can use them freely

Economic products – cost money

Primairy needs

Everything that you need or would love to have, are called needs

Primary needs - you need this to live/survive

For example: drinks, food, clothing

Secundairy needs

The need for luxury

For example: smartphone, computer, car, holiday

Means are needed to fulfill someone's needs:

• Time
• Money
• Assets

These means are limited, that's what you call scarce. A consumer needs to make choices. You need to prioritize in order to make the right choices

Prosperity

• The degree to which you can meet your needs is called your prosperity
• Another part of your prosperity is determined by your sense of happiness
• You can view the prosperity of a country by calculating the per capita income

Is prosperity the same as wellbeing?

• Prosperity -> the extent to which you are able to fulfill your needs
• Wellbeing -> shows how happy and satisfied you are with your life

geluksmeter cbs

Calculating the per capita income

income per capita = national income : number of inhabitants

 

National income €600 billion

Inhabitants 17 million 

• Answer -> €600 billion : 17 million = €35,294.12 

Get to work!

Do the lesson again in LessonUp and answer the questions

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Examples of free products are:

1. Sunlight and wind
2. Sunlight and books
3. Books and pens
4. Wind and paper

Give two examples of primairy needs

Give two examples of secundairy needs

Which means influence how people make their choices? Name two...

Can you explain the difference between prosperity and wellbeing?

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