3E Economics par. 1.3

• Economie
• Middelbare school
• vwo
• Leerjaar 3

par 1.2 assignment 4

1. CBAED
2. CABED
3. CAEBD
4. CBEAD

par. 1.2 assignment 6a

1. Limited means
2. Limited needs

par. 1.2 assignment 6bc

1. 8,33 / 25 = 0,33 visits
2. 25 / 8,33 = 3 visits

par. 1.2 assignment 6d

1. to the left downwards
2. to the left upwards
3. to the right downwards
4. to the right upwards

Par. 1.2 assignment 12a

Expenditures per year =

52x5 + 90 + 240 + 240 + 52x8 + 12x12 + 12x9 + 695 = 2.193

Rest budget 

2.500 - 2.193 = 307

12x74 = 888 > 307, so no possibilities

Par. 1.2 Assignment 12b

How much interest does John pay in total?

1. 4.000
2. 4.000 x 0,08
3. 65 x 74
4. 65 x 74 - 4.000

Par. 1.2 Assignment 12c

The total budget is ...(1)
The price for product X is ...(2)

1. 1> 260 2> 1,30
2. 1> 260 2> 5,20
3. 1> 520 2> 1,30
4. 1> 520 2> 5,20

Learning goals

- To understand the difference between direct- and indirect barter

- To understand the concept of labour productivity

Exchange

Direct barter <---------------------------> Indirect barter

Product for product                                                  Via money      

Indirect barter leads to:

- More division of labour, more specialisation

- More economy of scale, higher labour productivity

- More trade, less selfsufficiency

assignment

Write down 5 goods we buy from other countries and why

Write down 5 goods from The Netherlands that people from other countries buy and why

Make a top 3 with your neighbour and fill it in here
add to the product if it's about import or export

Causes for import / export

- Availability of goods

- Climate

- Cost advantage

- Expertise

Exchange

International division of labour 

---------------->

Specialisation 

-------------------------->

Goods produced in countries with lowest costs / highest quality ------------------------------------------>

Higher prosperity

Assignment labour productivity

Assignment labour productivity

1> 40.000 / 80 = 500

2> 25.000 / 500 = € 50

3> 55.000 / 100 = 550, ( 550 - 500 ) / 500 x 100 = 10%

4> better education, better machines, better division of labour

5> increase, labour productivity increase > salary increase

6> 1,08 x 25.000 = 27.000; 27.000 / 550 = € 49,09

( 49,09 - 50 ) / 50 x 100 = -1,82%

Hw.

Par. 1.3 assignments 5, 8

Assignments from the paragraphs

Par. 1.1 : assignments 2, 3, 7, 8, 9, 11, 12, 13, 15, 16, 17, 18

Par. 1.6 : assignments 2, 3, 4, 6

Par. 1.2: assignments 1, 7, 8, 10, 11

Par. 1.3: assignments 2, 6, 10, 13, 14, 15