Sunday, February 28, 2016

Worldwide News

Go to Welker's Wikinomics Economics Universe feed by following this link. Browse through the multitude of articles until you find one dealing with market structures (monopolies, oligopolies, monopolistic competition, perfect competition). Go to the article read it, and fill out the following: Source:
Article Title:
Date:
Market Structure discussed:
2-3 Sentence Synopsis of article:
You may not copy anyone else's article, so get this one done early.

Sunday, February 21, 2016

Is it time to retire the penny?

Has the venerable $.01 piece outlived its usefulness? Check out the website for some of the arguments in favor of eliminating the penny. What do you think? Also check out this guys hilarious rant against the penny.
The second video is from a guy who loves pennies. Which side are you on? Why?


Sunday, February 14, 2016

Types of Market Structure

There are 4 basic types of Market Structure:
1. Perfect Competition
2. Monopolistic Competition
3. Oligopoly
4. Monopoly
Select one of the above, give me one fact about the market structure and one example of a modern day business that operates as the structure you select. Don't copy your classmate's ideas.

Sunday, February 7, 2016

Super Bowl 2016 TV Ad Analysis


Image result for Super bowl 2016

Many corporations spend their entire advertising budget on Super Bowl commercials.
Follow this link, Super Bowl TV Ads to the commercials from the 2016 Super Bowl. Pick one that hasn't been selected already and complete the following questions on the commercial.

1. Form- What kind of piece is it? What does it look like? Was it visually appealing?
2. Audience. To whom is the author addressing the piece? Was the message appropriate for the target  audience.
3. Topic or subject. What is the piece mainly about? What is the brand?
4. Purpose. What is the author trying to accomplish with the piece? What is the objective of the      piece?
5. Effectiveness. Did the add make you want to purchase the product?
6. Long term Effect. Did you like the ad? Will you remember this add in the future?

Once the original 60 ads have been analyzed, look on this website,Best Super Bowl Ads  for ads from previous Super Bowls and use them