Economics – 4/19/2016

I.  Bellwork

1. Draw graph which illustrates demand-pull inflation.
2. Provide a specific example of -demand-pull inflation
3. Draw graph which illustrates cost-push inflation.
4. Provide a specific example of cost-push inflation

II.  Objective:

• construct and economic model which demonstrates the concepts of demand-pull and cost push inflation.
• analyze and examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to support their endeavors.

III.  Turn in your Simulation Report

IV.  Chapter 13 Test Tomorrow – Study & Review (See yesterday’s blog)

V.  Classwork:  Anyone playing with their phone or being disruptive will receive a zero and detention when I return.

Click Link      https://www.dailymotion.com/video/x43flgw_shark-tank-s07e23-hdtv_tv

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 W2016