Ch. 10 Economics: Close to Home. If I had a million dollars. Ch. 10 Economics. Write down what you would do with a million dollars – top 3 Read pp. 140 – 143
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The “rule of 72” is shown on fig. 10.10. Using this rule you can calculate how long it will take a saved or invested sum of money to double at various interest rates by dividing the number 72 by the interest rate. Calculate how long it would take the sum of $500.00 to double at the interest rate of 18%.
Preface: Explore the power of inventiveness and advertising. A lot of companies promote products by persuasive advertising techniques that clearly appeal to wants rather than needs.
Procedure: 1) students will divide into 5 groups
2) Each group will be given a bag of identical materials
3) Your group will have 20 min. to assess your materials, and create a gizmo for the public. (Something of your own design and its use is decided by you. It may not be needed, but it’s your job to make the public want it. Create fad frenzy!)
4) Your group now has 8 min. to invent an ad campaign. The ad can be a poster, a jingle to promote the product, a commercial the group will act out, or anything that will create a buzz and people will want the product.
5) Each group will present their ad to the class. The winner is decided by which product the majority of the class will buy.