Lesson 4 paragaph 1.2 part 2

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Economics: lesson four

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Slide 1: Tekstslide
EconomieMiddelbare schoolhavoLeerjaar 3

In deze les zitten 14 slides, met tekstslides en 1 video.

time-iconLesduur is: 60 min

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Welcome T3!
Please sit according to your seating plan :)

Economics: lesson four

Slide 1 - Tekstslide

Slide 2 - Video

Plan for today
Chapter 1: Your finances
1.2 Income and expenditure
1. Start (video)
2. Meme - Lesson goals 1.2
3. Short instruction part 2 of 1.2 
4. Lesson goals check
5. Time to do the homework

Slide 3 - Tekstslide

Slide 4 - Tekstslide

Lesson goals 1.2 
1. You can give examples of different types of expenses.

2. You can name different types of income.
3. You can draw up a budgetsheet and balance it
4. You can convert a monthly amount of money to a weekly amount and vice vera.
5. You can calculate an increase or decrease in percentage. 



Slide 5 - Tekstslide

A budgetsheet

Slide 6 - Tekstslide

Calculation: Month to week
12 months in a year
52 weeks in a year
NOT 4 weeks a month

 
Practice
I earn €736,- a month. How much do I earn per week?
Round off to two decimal places

Slide 7 - Tekstslide

Budget deficit or surplus
cut back/more income v.s. saving money/spend more

Balancing a balance sheet?
Income = expenditure

Slide 8 - Tekstslide

Percentage in- or decrease



Practice: My income increases from €1800 to €2150. By what percentage has my income increased?
Old(NewOld)100

Slide 9 - Tekstslide

Lesson goals 1.2 
1. You can give examples of different types of expenses.

2. You can name different types of income.
3. You can draw up a budgetsheet and balance it
4. You can convert a monthly amount of money to a weekly amount and vice vera.
5. You can calculate an increase or decrease in percentage. 



Slide 10 - Tekstslide

Let's get down to business!
• What: Finish the following exercises:  19 untill 24

• With who: In pairs or alone
• Purpose: Process what we learned this week


• Done?: Do the plus exercises or work on another subject

Slide 11 - Tekstslide

Budgetline: M = Pxx + Py



Example:
I earn an income of €45,- . Calling for 15 minutes costs €5,- and going to a party costs €15,- a night
How many times can I visit a party if I call for 45 minutes?

Slide 12 - Tekstslide

How to draw the budgetline 
1. Draw a system of axes
2. Put the right information in the graph
3. Fill in the formula (M=Pxx + Pyy )
4. Calculate the number of 15 minutes I can call if I don't party
5. Calculate the number of party's I can go to if I don't call
6. Draw the quantities of step 4 and 5 on the right axis
7. Draw a line between the two points

Slide 13 - Tekstslide

Lesson goals 1.2
1. You can give examples of different types of expenses.

2. You can name different types of income.
3. You can draw up a budgetsheet
4. You can convert a monthly amount of money to a weekly amount and vice vera.
5. You can calculate, given a budget function, how a given budget can be spend on two products.
6. You can draw a budget line and explain how changes in prices or budget affect the graph.



Slide 14 - Tekstslide