Chapter 1 Money moves around lesson 4

• Economie
• Middelbare school
• havo
• Leerjaar 3

Remember last week?

Get your calculator.

You get € 4.50 a week. How much money do you get each quarter?

1. € 72
2. € 54
3. € 58.50
4. € 60.75

Yearly you get € 150 interest on your bankaccount. Convert this to a weekly amount.

1. € 2.88
2. € 3
3. € 0.41
4. € 2.92

Monthly you get € 60 clothing money. Calculate how much you receive per week.

1. €13.55
2. € 13.85
3. € 14
4. € 15

A washing machine is an example of?

1. Fixed expenses
2. Flexible expenses
3. Discretionay expenses

Groceries are an example of?

1. Fixed expenses
2. Flexible expenses
3. Discretionary expenses

Interest is an example of?

1. Income from labour
2. Income from assets
3. Transfer income

Today's lesson

• check the answers
• work on practice test
• check the answers
• prepare for next week's test

Assignment 23

Use the example in the formula block.

M = PxX + PyY

M = budget

Px(y) = price of product x (y)

X (Y) = quantity of product X (Y)

Assignment 24

Calculation of a percentage change

(new value - old value) : old value x 100

Assignment 25

What formula can we use to calculate assignment a?

Assignment 26

What's the definition of a model? See page 14.

Are there any other questions?

How to draw a budget line?

• Write down the budget function for two products
• Calculate y, when x = o, with the quantity of x on the x-axis and the quantity of y on the y-axis.
• Draw in the quantities you calculated in step 2 on both axes.
• Draw a straight line between these points.
  

Assignment 27 a, c and 28 b

Assignment 29

Consider figure 4.

What happens in each situation?