Chapter 1 Money moves around lesson 4

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Slide 1: Slide
EconomieMiddelbare schoolhavoLeerjaar 3

This lesson contains 22 slides, with interactive quizzes and text slides.

Items in this lesson

Slide 1 - Slide

Remember last week?

Slide 2 - Slide

Get your calculator.

Slide 3 - Slide

You get € 4.50 a week. How much money do you get each quarter?
A
€ 72
B
€ 54
C
€ 58.50
D
€ 60.75

Slide 4 - Quiz

Yearly you get € 150 interest on your bankaccount. Convert this to a weekly amount.
A
€ 2.88
B
€ 3
C
€ 0.41
D
€ 2.92

Slide 5 - Quiz

Monthly you get € 60 clothing money. Calculate how much you receive per week.
A
€13.55
B
€ 13.85
C
€ 14
D
€ 15

Slide 6 - Quiz

A washing machine is an example of?
A
Fixed expenses
B
Flexible expenses
C
Discretionay expenses

Slide 7 - Quiz

Groceries are an example of?
A
Fixed expenses
B
Flexible expenses
C
Discretionary expenses

Slide 8 - Quiz

Interest is an example of?
A
Income from labour
B
Income from assets
C
Transfer income

Slide 9 - Quiz

Today's lesson
  • check the answers
  • today's learning goals
  • work on assignments
  • check the answers
  • prepare for next week's test

Slide 10 - Slide

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)

Slide 11 - Slide

Assignment 24
Calculation of a percentage change

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

Slide 12 - Slide

Assignment 25
What formula can we use to calculate assignment a?

Slide 13 - Slide

Assignment 26
What's the definition of a model? See page 14.

Slide 14 - Slide

Today's learning goals:
  • You can draw a budget line and explain how changes in prices or budget affect the graph.

Slide 15 - Slide

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.

Slide 16 - Slide

Assignment 27 a, c and 28 b

Slide 17 - Slide

Assignment 29
Consider figure 4.
What happens in each situation?

Slide 18 - Slide

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.

Slide 19 - Slide

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.

Slide 20 - Slide

  • 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.

Slide 21 - Slide

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.

Slide 22 - Slide