Ch01.1 Import and export; exchange rates

Welcome
3 TVWO |  2020-2021

Society

Chapter 1
The Netherlands and the world

1 / 12
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Slide 1: Slide
EconomieMiddelbare schoolvwoLeerjaar 3

This lesson contains 12 slides, with interactive quizzes and text slides.

time-iconLesson duration is: 30 min

Items in this lesson

Welcome
3 TVWO |  2020-2021

Society

Chapter 1
The Netherlands and the world

Slide 1 - Slide

Today's learning outcome
By the end of this lesson you should be able to...
- explain the difference between import and export;
- explain why we trade with other countries;
- calculate how much something cost abroad using the exchange rate.
 

Slide 2 - Slide

Import:
Buying goods and services from another country to use in your own country

Slide 3 - Slide

Import:
Buying goods and services from another country to use in your own country

Export:
Selling goods and services you've produced to other countries.

Slide 4 - Slide

Google the most imported good/service in the Netherlands.
timer
1:00

Slide 5 - Open question

Why should we trade
with other countries?
timer
1:00

Slide 6 - Open question



Netherlands

Cool, cloudy and humid climate

Expensive


Indonesia

Tropical climate

Cheaper
Why we trade with other countries

Slide 7 - Slide

Or because you're better at something
That will give you a better international position.


Slide 8 - Slide

The price you pay for international trading
The exchange rate is the price for a coin expressed in another coin.

€1 =  $1,10

So, a €5 sandwich cost $5,50 in America.

Slide 9 - Slide

€1 = $1,10

How much is $1 in euro's?

Slide 10 - Open question

Lucas and Fleur booked a shopping trip to London. The bought €500 worth of £. The exchange rate at that moment was €1 = £0,84.
How much £ did they receive for their €500?

Slide 11 - Open question

Homework
Society
Chapter 1

Assignments 1.1 up to and including 1.5

Importance: 
Practice with calculating with the exchange rate.


Slide 12 - Slide