# 3E Economics par. 1.1

3E Economics
Both in 3E book, Profile choice
- Notebook ( A4 )
- Calculator
- Chromebook ( exercises and answers digitally available )
- Work schedule ( homework and tasks )

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Slide 1: Slide
EconomieMiddelbare schoolvwoLeerjaar 3

This lesson contains 15 slides, with interactive quizzes and text slides.

Lesson duration is: 60 min

## Items in this lesson

3E Economics
Both in 3E book, Profile choice
- Notebook ( A4 )
- Calculator
- Chromebook ( exercises and answers digitally available )
- Work schedule ( homework and tasks )

#### Slide 1 -Slide

Lessons
LessonUp used in Lessons
During this part of the lesson you can use your device

Working on exercises and assignments
Phones is the phone bag

#### Slide 2 -Slide

Signing off
Ask a question about a difficult assignment or show an assignment with clear explanations and/or calculations

First 12 weeks approximately
Signing off during last 30 minutes of our second lesson of the week

Last 24 weeks approximately
During Dalton hour

Economics

#### Slide 4 -Mind map

Economics
Scarcity
Needs <---------------------------------------> Means
( unlimited )                                                                     ( limited)
Choices
Setting priorities

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

#### Slide 5 -Slide

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

The scarcer the item, the higer the price.

#### Slide 6 -Slide

Put the following items in order of the highets scarcity
a concert ticket for Lady Gaga in Amsterdam
a work of art by Banksy
Toilet paper
Toilet paper during corona

#### Slide 7 -Drag question

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.

#### Slide 8 -Slide

Is the air we breath a free good?

#### Slide 9 -Open question

Economics
Companies need production factors to produce goods
If they choose to use the production factors to produce product A, they can't produce product B.

The production factors are:
Labour, Capital, Nature and Entrepeneurship

#### Slide 10 -Slide

Economics
Self-sufficiency: Making products yourself

Consume: buying goods ( tangible ) and services ( intangible ) to fullfill your needs

Capital
Labour
Nature
Entrepeneurship
a hammer
land
car mechanic
Elon Musk

#### Slide 12 -Drag question

I: The fridge in your kitchen is a consumer good
II: The fridge in a restaurant is a consumer good
A
I and II are true
B
I is true, II is false
C
I is false, II is true
D
I and II are false

#### Slide 13 -Quiz

Do you feel you have a basic idea what economics is about?
A
Yes
B
Yes, a little
C
No, not really
D
No, not at all

#### Slide 14 -Quiz

Hw.
Par. 1.1: Assignments 4,5,6