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
• today's learning goals
• work on assignments
• 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.

Today's learning goals:

• You can draw a budget line and explain how changes in prices or budget affect the graph.

How to draw a budget line?

• Write down the budget function for two products
• Calculate y, when x = o, with te 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?

Prepare for next week's test

• Need more rivision? Complete the exercises with 1.1 and 1.2  on page 32.
• Need more challenges? Complete the exercises with 1.1 and 1.2 on page 34.
  

Ready for the test?

• You can explain there are different kinds of needs.
• You can explain there is a tension between resources and needs.
• You can clarify the difference between goods and services.
• You can explain the concept of alternative application.
  

• You can give examples of different types of expenses.
• You can name different types of income.
• You can draw up a budget sheet.
• You can calculate, given a budget function, how a given budget can be spend on two products.
• You can draw a budget line and explain how changes in prices or budget affect te graph.
  

What to bring to the test?

• a few pens, a pencil.
• a calculator (you may not use your Ipad or phone).
• a protractor triangle

Please bring your book and notebook so you can take some time to prepare for the test.