Introduction

• Economie
• Middelbare school
• havo, vwo
• Leerjaar 3

Who am I?

- S.Rijkers
- History/economics teacher

Things you should know before we start:

- Keywords before we start

• Magic doorstep

Practical stuff

- You need: Notebook (A4), calculator and your laptop

- (LessonUp)              

classcode: ctotj

- It's learning

- The book

- class map?

Economics

- Economics <-----> Business economics

Period A                           Period B

Profile choice

Economics

Economics

                                               Scarcity

Needs <---------------------------------------> Means

( unlimited )                                                                     (limited)

                                              Choices

                                              Setting priorities  

Scarcity: not enough means are available to fullfill everyone's 

needs

           

Economics

The need for scarce goods is always greater than the means available.

The scarcer the item, the higer the price.

Economics

Free goods: no production factors are needed to produce the good, f.e. sunshine, rain

Scarce goods: production factors are needed to produce the good, f.e. bread, bicycles

So scarce is not the same as rare in economics.

Is the air we breath scarce?

Do you feel you have a basic idea what economics is about?

1. Yes
2. Yes, a little
3. No, not really
4. No, not at all