# Chapter 1 Money moves around lesson 4

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Slide 1: Tekstslide
EconomieMiddelbare schoolhavoLeerjaar 3

In deze les zitten 22 slides, met interactieve quizzen en tekstslides.

## Onderdelen in deze les

#### Slide 1 -Tekstslide

Remember last week?

#### Slide 3 -Tekstslide

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 -Quizvraag

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 -Quizvraag

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 -Quizvraag

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

#### Slide 7 -Quizvraag

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

#### Slide 8 -Quizvraag

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

#### Slide 9 -Quizvraag

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

#### Slide 10 -Tekstslide

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 -Tekstslide

Assignment 24
Calculation of a percentage change

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

#### Slide 12 -Tekstslide

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

#### Slide 13 -Tekstslide

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

#### Slide 14 -Tekstslide

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

#### Slide 15 -Tekstslide

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 -Tekstslide

Assignment 27 a, c and 28 b

#### Slide 17 -Tekstslide

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

#### Slide 18 -Tekstslide

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 -Tekstslide

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 -Tekstslide

• 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 -Tekstslide

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.