UNIT 5- economy
What are we going to learn?
- Markets in economy
- How income, expenses and savings are connected
- How we can be responsible consumers
- What is Corporate Social Responsibility
- Sustainable development goals
1. What are the markets in the economy?
Economy: way people earn and spend money on goods and services. (Small or large/Local, national or international.) Markets are an essential part of the economy.
financial market
THE GOODS AND SERVICES MARKET
Job market
Companies and governments:
- Have long-term financing for expansion and economic growth.
- Money can be moved around.
- Stock m: small pieces.
- Credit m: interests.
Workers compete for jobs and companies compete for workers. Controls salaries and and working conditions.
Companies produce and exchange goods and services with consumers. Law of supply and demand: controls the prices of these goods and services.
Taxes: obligatory payments that individuals and companies make to the government, for public goods and services. (Roads, healthcare, education...)
Workers' rights: Art.35 (Spanish Constitution).
- Duty to work
- Right to employment
- Free choice of profession
- Remuneration for the satisfaction
Gender equality: boys and girls same rights in life and work."Zero-tolerance policy towards discrimination".
2. How are income, expenses and savings connected?
INCOME
EXPENSES
Things you spend your money on.
- Essential: Mortage/rent. Bills: electricity, gas., food, clothes, transportation
- Non-essential: enterntainment, going out..
Money you receive from different sources.
- From a salary:
- Benefits: financial help (no work or low income).
- Pension: money (retired people).
- From investments: renting or selling things that belong to you (house, car...)
SAVINGS
EXPENSES<INCOME
- Money in a money box
- Saving account in a bank.
Organising your finances
Personal budget: helps us to organise our finances. 1. Regular income or pocket money. 2. Write the expenses. 3. Money after the expenses=BALANCE.
3. How can we be responsible consumers?
Adverts
Responsible consumer
consumer rights
Companies use adverts with logos and slogans to sell us goods and services.(Special offers, discounts...)
Think about the quality of products and how responsible the company is. - Need vs want
- Return the product
- Ask for a refund
4. What is Corporate Social Responsibility?
It is the commitment of companies to minimise environmental and social impact of their activities. Acting a way that is SUSTAINABLE and ETHICAL.
PHILANTROPHIC
ENVIRONMENTAL
- Reduce waste and emissions.
- Improve energy efficiency and use renewable energy sources.
- Reduce carbon footprint.
- Contribute to environmental programs.
- Positive impact on society.
- Support charities.
ETHICAL
- Improve workplace diversity, equity and inclusion.
- Develop an ethic code-(No discrimination).
- Adopt fair trade and equal pay strategies.
- Ensure health and safety.
ECONOMIC
- Balance financial decisions with a commitment to other areas of responsibility.
Sustainable Development Goals
SDGs: Created by United Nations, they all have a specific area of focus but they are all connected by one principle. To make the world a better, fairer and more sustainable place for everyone.
Unit 5-Economy
LOLA SIMÓN PEREZ-NIE
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Transcript
UNIT 5- economy
What are we going to learn?
1. What are the markets in the economy?
Economy: way people earn and spend money on goods and services. (Small or large/Local, national or international.) Markets are an essential part of the economy.
financial market
THE GOODS AND SERVICES MARKET
Job market
Companies and governments:
Workers compete for jobs and companies compete for workers. Controls salaries and and working conditions.
Companies produce and exchange goods and services with consumers. Law of supply and demand: controls the prices of these goods and services.
Taxes: obligatory payments that individuals and companies make to the government, for public goods and services. (Roads, healthcare, education...)
Workers' rights: Art.35 (Spanish Constitution).
Gender equality: boys and girls same rights in life and work."Zero-tolerance policy towards discrimination".
2. How are income, expenses and savings connected?
INCOME
EXPENSES
Things you spend your money on.
Money you receive from different sources.
SAVINGS
EXPENSES<INCOME
Organising your finances
Personal budget: helps us to organise our finances. 1. Regular income or pocket money. 2. Write the expenses. 3. Money after the expenses=BALANCE.
3. How can we be responsible consumers?
Adverts
Responsible consumer
consumer rights
Companies use adverts with logos and slogans to sell us goods and services.(Special offers, discounts...)
Think about the quality of products and how responsible the company is. - Need vs want
4. What is Corporate Social Responsibility?
It is the commitment of companies to minimise environmental and social impact of their activities. Acting a way that is SUSTAINABLE and ETHICAL.
PHILANTROPHIC
ENVIRONMENTAL
ETHICAL
ECONOMIC
Sustainable Development Goals
SDGs: Created by United Nations, they all have a specific area of focus but they are all connected by one principle. To make the world a better, fairer and more sustainable place for everyone.