Welcome back my beloved followers, and fellow bloggers to this weeks awesome econ review. This week many thing happened. we took two Quizzes one on demand, and the other on elasticity. we studied and reviewed both elasticity, and demand. We also finished our projects which were in my opinion the most fun thing we did. This is because we got to work in groups with fellow students, and make a Ad Campaign for our beautiful town of Weserville. The outcomes for the groups were amazing. Being mayor I was blown away by all the town ads. They were wonderful, and made it very hard for the whole town council to vote on which ones were the best. In the end we had to choose separate ads from each group. Which I believe was the right decision. All three groups received rewards being either $1000, travel passes, or 5 points extra credit.
Back to economics though demand to raise, or lower? I have an awesome question of the day just to get your minds if you raise the price of insulin will demand raise, lower, or stay the same?Why do you think so?
My favorite part was the ads too!!
ReplyDeleteEveryone did a great job on the ads. I was getting scared watching all of the amazing presentations and things comparing them to my group's. It was a fun and entertaining town hall meeting.
ReplyDeleteOn a side note we should establish a monetary value to the traveling passes to better incorporate them into our Weserville economic system involving our Weserville money.
I loved making the Ads, it was undeniably the best thing I did in that class all week. I really wish we could have used all of the ads to get people to come to Weserville. But then we probably wouldn't have any money...
ReplyDeleteThe ads were quite fun, the $1000 was pretty good too
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