# Lesson 9 paragaph 2.2 part 1

Welcome T3!

Economics: lesson nine

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Slide 1: Tekstslide
EconomieMiddelbare schoolhavoLeerjaar 3

In deze les zitten 12 slides, met tekstslides.

Lesduur is: 60 min

## Onderdelen in deze les

Welcome T3!

Economics: lesson nine

#### Slide 2 -Tekstslide

Plan for today
1. Start lesson with a meme

2. Where did we leave off

3. Lesson goals - explanation - lesson goals

4.  Time to do the homework

#### Slide 3 -Tekstslide

Where did we leave off?

Previous lesson we finished 2.1 and did questions:
5, 10, 11, 12, 17, 19 and 20

Questions we did together:
5, 10 and 19

#### Slide 4 -Tekstslide

Goals of 2.1
1. You are able to explain the saving motives in your own words

2. You remember the different types of saving accounts
3. You are able to explain the difference between variable- and fixes interest
4. You are able to calculate single- and compound interest
5. You are able to explain what nominal interest rate and real interest rate means.
6. You are able to explain the difference in risk of several forms of investment

#### Slide 5 -Tekstslide

Chapter 2 Dealing with money
Paragraph 2.1 Saving and investing
Paragraph 2.2 Do you have enough money?
New today

#### Slide 6 -Tekstslide

Lesson goals 2.2
Lesson 1:
- You can explain the different motives to borrow money in your own words
- You are able to calculate credit costs
-  You can explain the risks of borrowing money

Lesson 2:
- You can explain the difference between the most common types of loans
- You are able to explain the differences between the mortgage type

#### Slide 7 -Tekstslide

Loan
Redemption
Instalments
+ interest / credit costs

#### Slide 8 -Tekstslide

Calculation credit costs
Credit costs= (number of instalments × instalment table) – loan

Myra borrows €1500 to buy a scooter with montlhy instalments of €27,- with a duration of 5 years.

Question: calculate the credit costs
5 jaar x 12 maanden = 60 maanden
60 x €27 = €1620

€1620-€1500 = €120 kredietkosten

#### Slide 9 -Tekstslide

debt-to-income ratio?   Other debts?
(Check at BKR)
Risk!?
NO!
NO!
YES!

#### Slide 10 -Tekstslide

Lesson goals 2.2
Lesson 1:
- You can explain the different motives to borrow money in your own words
- You are able to calculate credit costs
-  You can explain the risks of borrowing money

Lesson 2:
- You can explain the difference between the most common types of loans
- You are able to explain the differences between the mortgage type

#### Slide 11 -Tekstslide

Let's get to it!
• What: Do exercises 21, 22, 25, 26, 27, and 30

• With who: Together or alone
• Purpose: Process the information of this lesson

• Done?: Call me, I will tell you what to do next