Last week we finished Chapter 3 on the economy (market vs. command), supply and demand, and the government's role in our society (via taxes). You will have a chapter test on Wednesday Oct.12th! Don't forget! To help you study, read the textbook, read the Ch.3 Chapter Summary, go through the Assessment questions in the text to review, and study the worksheets we did in class ( 3.1, 3.2, and 3.3).
Dragon's Den Simulation
Following the textbook work we did last week, we learned about Dragon's Den, a Canadian TV show where entrepreneurs pitch their business ideas to the 'dragons' in the hopes of receiving capital investment to expand their ventures! If you were absent from class (not naming names, but you know who you are!) then it is strongly advised that you check out the following link to the Dragon's Den website and watch a few episodes to familiarize yourself with the show's platform.
Dragon's Den website:
You can also take a quick view one of my favorite Dragon's Den episodes from a couple of years ago for "Atomic Tea":
On Friday following the show everyone formed groups to embark on our own Dragon's Den simulation! The 'Entrepreneurs' are to come up with a fictional, yet realistic business idea, and then create a plausible storyline, with numbers based on your hypothetical business. Be prepared by creating a business name, logo, pictures of your product/service idea, and make any necessary props for your presentation date. We will aim to present in our double-block this Thursday, or Friday at the latest, depending on how well you use your class time. You will need to follow the show's platform. You must be prepared to answer the questions posed by our own 'Dragons'. You will be graded on how well you present, the quality of your business idea, and how prepared you are (how well you've thought through your hypothetical business) to answer the Dragon's questions.
As everyone in class has already formed their groups, the people who were absent on Thursday/Friday will be in groups together:
Josh, Jason, Arvin, and Gurminder
and
Lacey, Manu, Harman and Nufil
Ensure you are in class everyday this week (and all days going forward for that matter- skipping will NOT be tolerated!), otherwise you will let your group down and not get a mark for your presentation. Let's put the "Present" in Presentation! (Yes, that's right, that was an intended pun from a former English teacher! )
I expect to see EVERYONE in class .....ON TIME! ;)
PS. Here is an interesting article on Steve Jobs- the founder of Apple, entitled "The life and death of a true entrepreneur" that you might find interesting.
