Week of Feb.13-16th

Hi Everyone,

Chapter 1-Review & Test

Last week we finished learning about Supply & Demand, graphing how changes in the marketplace affect Supply and demand, and the resulting effect on price and quantity. You had a quiz on Supply and Demand as well. We finished the Ch.1 notes and you were assigned the Review Questions in your textbook. On Monday we will be correcting those questions and doing some review for the test. I have decided to change the test date to give you more time to study for this exam. The Ch.1 Test will be Thursday Feb.16th. Please be sure to be in class for the review and prepare well for the exam so that you can get an A+ 

Chapter 2

In the meantime, we will be moving on to Ch.2, which deals with Consumer Behavior. This is a short and fun chapter. You will learn about the factors that influence consumer behavior, lifestyle advertising, how our choices differ depending on our role and stage in life, etc. You will also do a project on your own consumer behavior! Stay tuned for more on this later in the week.

Current Events
Last Friday I explained the Current Events assignment to you. On Monday I will be assigning everyone a date to present their Current Event. I went over this in class, but as additional help, I recommend watching the news on TV. The 6:00pm news on Global TV or CTV are good places to start. Look at CBC.ca, The Vancouver Sun, The Province, or The Financial Post to start. I've added these links to my main page under "Useful Links" for easy access. Also check the newsreel I have cleverly named "Current Events" on the left-hand side of my blog underneath the links!!

Ask your parents to help you or see me in class if you're not sure if the event you found is appropriate. Remember it must be business-related and affect Canada/Canadian business/Canadian consumers in some way. Hints for possible topics include:

• businesses opening or closing > job creation or job loss resulting
• taxes > affect consumer spending/cost of doing business
• cost of living > affects real estate market and spending
• news on the housing market
• companies merging together
• specific companies or brands introducing or cutting products
• product launch (new product introduced to market) > increased competition?
• product recall
• natural disaster that could affect an industry, trade or business Ex: an oil spill off the BC coast could affect our fishing industry, the volcanic eruption of ash last year disrupted flights, drought or poor weather could affect crops or orchards
• changes in gas prices > affect costs of doing business, shipping costs, consumer spending, car sales
• international news that can directly impact Canadian business  Ex: America's Job Act

Hopefully this will give you an idea of the type of things to look for. Please don't leave it to the last minute and don't forget the Ch.1 Test on Thursday.

Have a great week and see you in class!