Economics – 5/19/2015

I. Bellwork: Q&A

A.  Construct a formula which demonstrates what needs to happen to cause each of the following:

1. Surplus
2. Deficit
3. Balanced Budget

B.  Explain the difference between the deficit and the debt.

II.  Objective:

• Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to support their endeavors.
• Demonstrate understanding of written, spoken, or visual information by restating, paraphrasing, summarizing, critiquing, or composing a personal response.

III.  Chapter 9 & 10 Test Tomorrow –

IV.  Notebook Check Thursday

 V.   Classwork:

• Shark Tank –Season 6, Episode 27
• https://youtu.be/fGF4EnJROck

Write down the questions below.  Answer the questions 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. Explain your opinion on the product and deal that was or wasn’t made. 1-2 sentences

Economics W2015