Lesson 4 paragaph 1.2 part 2

• Economie
• Middelbare school
• havo
• Leerjaar 3

Welcome T3!

Please sit according to your seating plan :)

Economics: lesson four

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

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. 

A budgetsheet

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

Budget deficit or surplus

cut back/more income v.s. saving money/spend more

Balancing a balance sheet?

Income = expenditure

Percentage in- or decrease

Practice: My income increases from €1800 to €2150. By what percentage has my income increased?

​Old​​(New−Old)​​⋅100percent

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. 

Let's get down to business!

• What: Finish the following exercises: 13,15,16,17,19, 21 until 23 (skip 14,18,20 and 24)

• With who: In pairs or alone

• Purpose: Process what we learned this week

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

Budgetline: M = P_xx + P_yy 

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?

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=P_xx + P_yy )

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

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.