01 Food for thought. Concepts

Welcome
3 TVWO

Food for thought
The value of money

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Slide 1: Tekstslide
EconomieMiddelbare schoolvwoLeerjaar 3

In deze les zitten 11 slides, met interactieve quizzen, tekstslides en 2 videos.

time-iconLesduur is: 45 min

Onderdelen in deze les

Welcome
3 TVWO

Food for thought
The value of money

Slide 1 - Tekstslide

Purchasing
value

Slide 2 - Woordweb

Purchasing value
The number of goods and services that people can buy with the money available to them.

BBC News - The cost of living rising in the UK.
What impacts someones purchasing value?

Slide 3 - Tekstslide

Slide 4 - Video

By the end of todays lesson
you are able to explain the concepts of
- nominal income;
- inflation;
- purchasing power.

Slide 5 - Tekstslide

Nominal income
The income you receive in money terms

e.g. you earn €2,000 per month

Slide 6 - Tekstslide

You earn €2,000 a month. Because you perform well at your job you get a raise of €100. With what percentage did your income increase?

Slide 7 - Open vraag

Slide 8 - Video

You income increased with 5%. The inflation is 2%. With what percentage does your purchasing power changes?

Slide 9 - Open vraag

Purchasing power
real income index = (nominal income index ÷ inflation index) × 100

In 2016, nominal income increases by 1.9%. The same year, inflation is 0.3%.

The nominal income index number is 101.9. The inflation index number 100.3.

The purchasing power index number is: (101.9 ÷ 100.3) × 100 = 101.6 Thus, real income has increased by 1.6%.

Slide 10 - Tekstslide

Assignment


See the assignments in classroom

Slide 11 - Tekstslide