Entrepreneurial Economics

 EQ - How do supply and demand impact pricing strategies for entrepreneurs?

1. Activator - Think About It (TPS)
1. What role do needs and wants play in determining what is produced in an economy?
2. Think of something that you would describe as a "need" but your parents would describe as a "want."  Provide reasons to support both sides of the argument.
3. How does the availability of economic resources affect decisions that entrepreneurs make?
2. Interactive Activity: Supply and Demand Activity
1. Focus on the decisions you are making - transcribe your thought processes.
2. Vocabulary Review - Opportunity Cost and Scarcity 
3. TPS - Describe the impact opportunity cost and scarcity had on your success.
4. TOD - Muddy Points
5. Intro to the S & D curves
1. Demand 
2. Supply
3. Equilibrium
4. Surplus v. Deficit