1. Slide 1 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome BackgroundsCommunication! Econ Unit 2

2. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Communication Game Board Business Organization Sub or Comp. Determinants of Demand Determinants of Supply Vocab 100 200 300 400 500 Final Challenge Final Challenge

3. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 1 for 100 Most limited life Sole Proprietorship

4. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 1 for 200 You only lose what you put in Limited partnership

5. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 1 for 300 Stock holders give start-up capital Corporation

6. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 1 for 400 Two people allow this type to recruit better talent. Partnership

7. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 1 for 500 If one partner declares bankruptcy, the bank can go after the other. Unlimited partnership

8. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 2 for 100 Charcoal and lighter fluid Compliment.

9. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 2 for 200 Butter and Oleo Substitute

10. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 2 for 300 Shoes and laces Comp.

11. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 2 for 400 Wii and Xbox Sub.

12. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 2 for 500 Firestone and Good Year Sub.

13. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 3 for 100 Dad no longer has a job. Chang in income

14. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 3 for 200 Leg warmers are making a comeback Change in taste

15. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 3 for 300 Because of budgets the Kroger brand is having a banner year. Substitutes

16. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 3 for 400 Buick is advertising in China and sales of the Le Saber have gone through the roof. Change in Market size, or number of consumers

17. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 3 for 500 Prior to the release of the iphone the sales of all other phones went down. Change in expectations

18. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 4 for 100 Digital music has ruined CD sales Change in technology

19. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 4 for 200 A rise in gas prices hurt many companies and changed the supply. Cost of inputs

20. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 4 for 300 Government is paying for the production of TV digital converters Subsidies

21. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 4 for 400 Workers are given a raise for every pair of shoes they produce Productivity

22. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 4 for 500 Banks hold millions of gallons of oil in anticipation of a conflict in the Middle East. Expectations

23. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 5 for 100 Maximum legal price Price Ceiling

24. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 5 for 200 Minimum Wage Price Floor

25. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 5 for 300 I buy only one instead of two sodas at lunch because of it. Diminishing marginal utility

26. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 5 for 400 The cost of producing one more of a product Marginal cost

27. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Category 5 for 500 What type of merger would GM and Toyota be? Horizontal

28. Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board +100 -100 0 +100 -100 0 +100 -100 0 Reset Scores Final Challenge! List the determinants of demand Consumer Income, tastes, substitutes, complements expectations, number of consumers Write Your Final Challenge Wager