Economics – 3/09/12

I. Bellwork: Q&A

A.  Companies in the News Page 103

1. How has the competition between Netflix and Blockbuster benefited consumers?
2. Explain how Netflix plans to overtake Blockbuster?
3. What might Blockbuster do to remain competitive and attractive to consumers?
4. What new areas has Netflix expanded into?

II. Objective

• Examine the importance of entrepreneurs in the economy as they attempt to obtain capital and financing.
• Observe how factor markets and product markets operate.

III. iLearn 4-1 & 4-2 Quiz- Ends Saturday

IV.  Chapter 4 Test on Wednesday

V.  Classwork-Shark Tank-Video link below questions

https://abc.go.com/watch/shark-tank/SH559076/VD55176963/week-7

A.  Q&A  Write down these questions to answer for each entrepreneur and turn them in today.

1. What is the product/service or idea?
2. What is the entrepreneur asking for and what are they willing to give up?
3. What decision was made?
4. What is your opinion?

Economics W2012