Summary Theme 3 & 4 Rheinland Lyceum Sassenheim Mr van der Graaf
6 views 0 purchase
Course
Economics
Level
VWO / Gymnasium
A very detailed summary (including pictures, learning objectives, keywords, etc. of 8 pages and 2000+ words) of reader 3 & 4 of the booklet provided by Mr. van der Graaf to 3TTO at the Rheinlands Lyceum Sassenheim. Learn this summary well, and get a nice grade while saving yourself a lot of time!
The amount of young adults with debts has increased in the last few years.
3.A Spending your money
Consumption = The purchase of goods and services by people for private use.
People can buy goods and services
o Goods are tangible, there is often quite some time between the production and
consumption (clothes, food & a car)
o Services are intangible. You immediately use the service (hairdresser, education or going
to a concert
Goods and services can be divided into primary/normal goods & services and luxury goods &
services
Different types of expenditures
Another way of classifying expenditures is by looking at how often people buy them and the
predictability of the amount of money that you spend on it.
Sustainable consumption
Sustainable consumption = Consumer behaviour shaped by a concern towards the environment and
society
Circular economy = the idea of designing and producing goods in such a way that all materials can be
recovered and reused so it can serve as an input for a new production process
, Fair trade = the idea that production in developing countries should help farmers and workers in
developing countries to earn a fair income, so they can live from their work and they can invest in a
sustainable future.
Farmers often used to sell their crops to western companies for very low prices. With fair trade,
a fixed price is guaranteed for the farmers.
How our government can influence consumer behaviour
The government can promote better products for our planet by making them cheaper, and bad
products by making them more expensive.
Subsidy = a benefit given to companies or consumers to promote the consumption of goods that benefit
society.
Excise duty = A tax that is levied (geheven) to discourage the consumption of goods that are harmful to
society.
Subsidy = A financial benefit that stimulates the consumption of
goods that have a positive effect on society.
The government subsidies for example schools, sport clubs (for
children), but also electric cars.
3.B Budgeting
Creating a budget
Budget = Overview of all expected income and expenses in a certain period
Budget surplus = when total income exceeds total expenses (you have money left).
Budget deficit = When total expenses exceed total income (you are short of money).
Budgets are for certain time periods: One month does NOT equal 4 weeks.
Monthly budget Philippe
Income Expenses
From employment Amount Recurrent Amount
…. …. …. ….
From assets Daily/household
…. …. …. ….
Transfer Incidentals
…. …. …. ….
Total …. Total ….
Student’s budgets
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller maxvandorsser. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.24. You're not tied to anything after your purchase.
