Lesson 3 paragraphs 1.1 HW and 1.2 part one

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Welcome T3!

Please sit according to your seating plan :)

Economics: lesson three

Plan for today

Chapter 1: Money moves around

Paragraph 1.1: What do you need? and 1.2 to buy is to choose

1. Start

2. Lesson goals 1.1 & check homework

3. meme + lesson goals 1.2

4. Instruction on p1.2 + glossary

5. Time to do the homework

Lesson goals paragaph 1.1

1. You can explain what scarcity means in your own words.

2. You can explain what free goods are in your own words.

3. You can clarify the difference between goods and services.

4. You can explain the difference between durable and non-durable goods.

5. You can explain the concept of alternative application.

Question 5

Assess: are the following goods free or scarce goods.

- Crude oil

- Mandarins

- Wind power

- vacations

- Beach

- Diamonds

Question 8

Questions 10&13

Question 11

Questions 1, 2, 3, 4, 6, 7 and 9

Check them yourselves

(please whisper)

Paragraph 1.2 

To buy is to choose?

Lesson goals 1.2 part 1

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

Fixed expenses

Household expenses

Incidental expenses

Sort of expenses

Types of income and budget

Enployment income: 'wage'

Income from 

property: 

'rent' (real estate)

'interest' (savings)

Transfer income:

'Allowance' or

'Benefits'

Primary income

Employment income + income from property.

Secondary income / Disposable  income

Primary income - taxes + transfer income

A budgetsheet

Lesson goals 1.2 part 1

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

Let's get to it

• What: Do exercises 1.2 part one: 13 untill 18

• With who: With your neigbour or individually

• Purpose: Achieve lesson goals 1.2 (part 1) 

• Done?: Proceed with the other exercises of this paragraph