3E Economics par. 1.4

par. 1.3 question 8
What is not a correct answer?
A
Animal suffering
B
Technological innovation
C
Pollution of the environment
D
Disruption of landscapes
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Slide 1: Quizvraag
EconomieMiddelbare schoolvwoLeerjaar 3

In deze les zitten 19 slides, met interactieve quizzen en tekstslides.

Lesduur is: 60 min

Onderdelen in deze les

par. 1.3 question 8
What is not a correct answer?
A
Animal suffering
B
Technological innovation
C
Pollution of the environment
D
Disruption of landscapes

Slide 1 -Quizvraag

Money
In the past direct barter,
now indirect barter through money

Tangible <----------------------------> Scriptural
coins, notes                                                via bank account

Slide 2 -Tekstslide

Functions of money
- Exchange function
- Calculation function
- Hoarding function

exchange
calculation
hoarding
Budgetting
Saving
Consuming

Slide 4 -Sleepvraag

Value of money
Intrinsic value <----------------------> Nominal value

Nominal value > Intrinsic value

Money is a confidence issue --------------> Fiat money

Slide 5 -Tekstslide

Assignment
Salary € 2.000,-                        € 3.600,-
Milk € 1,20                                      € 1,92

Slide 6 -Tekstslide

Assignment
Salary € 2.000,-                        € 3.600,- ( + 80% )
Bread € 0,80                                  € 1,28 ( + 60% )
Milk € 1,20                                      € 1,92 ( + 60% )

Yes, the income increased more in percentages than the prices

Slide 7 -Tekstslide

Assignment
Salaris € 2.000,-                        € 3.600,-
Brood € 0,80                                  € 1,28
Melk € 1,20                                      € 1,92

2000 / 2 = 1.000
3600 / 3,20 = 1.125

Slide 8 -Tekstslide

Value of money
Nominal value <---------------------> Internal value
salary + 80%                                      1125 meals instead of 1000 meals
+ 12,5%

Slide 9 -Tekstslide

Which statement is incorrect?
A
If salary increases more than prices, purchase power will increase
B
If salary decreases and prices increase, purchase power will decrease
C
If prices decrease more than the salary, purchase power will increase
D
If salary increases and prices decrease, purchase power will decrease

Slide 10 -Quizvraag

Value of money
Internal value <------------------------> External value
number of goods                                      amount of foreign currency
you can purchase                                                        you can purchase
with a euro                                                                              with a euro

Slide 11 -Tekstslide

How many dollars would I get for
€ 1.500 in October 2012?
( graph page 26 )
A
\$ 1.158,30
B
\$ 1.912,50
C
\$ 1.176,48
D
\$ 1.942,50

Slide 12 -Quizvraag

€ 1.500 x 1,295 = \$ 1.942,50

Slide 13 -Tekstslide

How many euros would I get for
\$ 1.500 in October 2012?
A
€ 1.158,30
B
€ 1.912,50
C
€ 1.176,48
D
€ 1.942,50

Slide 14 -Quizvraag

\$ 1.500 / 1,295 = € 1.158,30

Slide 15 -Tekstslide

I went on holiday to the USA in october 2011 with
\$ 20.000,-. I returned in april 2013 with \$ 1.200,-. How expensive was my holiday in euros?

Slide 16 -Open vraag

20.000 / 1,330 = € 15.037,59

1.200 / 1,285 = € 933,85

15.037,59 - 933,85 = € 14.103,74

Slide 17 -Tekstslide

Hw.
Next lesson: Par. 1.4 assignments 5, 8
Friday 22nd of September: Minor Test Chapter 1

Assignments from the paragraphs
Par. 1.1 : assignments 2, 3, 7, 8, 9, 11, 12, 13, 15, 16, 17, 18
Par. 1.6 : assignments 2, 3, 4, 6
Par. 1.2: assignments 1, 7, 8, 10, 11
Par. 1.3: assignments 2, 6, 10, 13, 14, 15

Slide 18 -Tekstslide

Hw.
Check paragraph assignments via answer books or digital environment
Par. 1.1 : assignments 2, 3, 7, 8, 9, 11, 12, 13, 15, 16, 17, 18
Par. 1.6 : assignments 2, 3, 4, 6
Par. 1.2: assignments 1, 7, 8, 10, 11
Par. 1.3: assignments 2, 6, 10, 13, 14, 15

Friday 22nd of September: Minor Test Chapter 1 ( not par. 1.5 )
Learning objectives, Practising for the test, Terminology, Summary from page 36