1. Please write down the 5 questions. Use the Shark Tank clip to answer
Bell ringer, (Friday!!!)
Please write down the 5 questions. Use the Shark Tank clip to answer
1) What is the business concept that was presented?
2) How much are the entrepreneurs asking for from the Sharks (Dollar amount and Percentage)
3) What deals are being offered by the investors? Any counter-offers? If so, what are they?
4) Do the entrepreneurs get a deal? If so, from whom?
5) Would you have invested? Why or why not?

2. Bell ringer, 8.5.2015 Karl Marx is often associated with what event ?
Please turn to page 510 in your text book. Read “People and Perspectives” on the life of Karl Marx. Please write the following four questions and answer. Thanks.
Karl Marx is often associated with what event ?
Who helped covert Karl Marx to the concept of communism?
Because of his belief in communism, Marx was expelled from what three places?
Why do you think so little of Marx’s writings are known and quoted today?

3. Bell ringer, 8.22 What is Adam Smith’s most important work?
Please turn to page 11 in your text book. Read “People and Perspectives” on the life of Adam Smith. Please write the following four questions and answer. Thanks.
What is Adam Smith’s most important work?
Adam Smith is considered the founder of what?
Which two schools did Adam Smith attend?
How can pursuit of individual self interest benefit society as a whole?

4. Standard:
a. Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures

5. Upcoming Dates you need to know …
Progress Reports go home on September 1st (all grades due by Friday)
Formative Assessment on EF 3, 4, and 5 on Friday, September 2nd

6. Is Man inherently good or evil?

7. What is the government’s role in providing public goods and protecting consumers?

11. Public goods have two characteristics:
Non-rivalry: This means that when a good is consumed, it doesn’t reduce the amount available for others.
– E.g. benefiting from a street light doesn’t reduce light for others, but eating an apple would.

12. Public goods have two characteristics:
Non-excludability: This occurs when it is not possible to provide a good without it being possible for others to enjoy.
E.g erecting a dam to stop flooding, or providing law and order.

17. Bell ringer, 8.23 Karl Marx is often associated with what event ?
Please turn to page 510 in your text book. Read “People and Perspectives” on the life of Karl Marx. Please write the following four questions and answer. Thanks.
Karl Marx is often associated with what event ?
Who helped covert Karl Marx to the concept of communism?
Because of his belief in communism, Marx was expelled from what three places?
Why do you think so little of Marx’s writings are known and quoted today?

18. Standard:
a. Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures

19. Upcoming Dates you need to know …
Progress Reports go home on September 1st (all grades due by Friday)
Formative Assessment on EF 3, 4, and 5 on Friday, September 2nd

20. Is Man inherently good or evil?

21. What is the government’s role in providing public goods and protecting consumers?

28. Bell ringer, 8.24
Please write down the four questions below. Use the chart on the next slide to answer the questions. Thanks.
Where did most of your tax dollar go in 2014?
How much of the 2014 dollar went to funding education?
15.3 cents of your tax dollar went to which category?
Which section of the tax dollar would you like to see increased or decreased and why?

30. Standard:
a. Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures

31. Upcoming Dates you need to know …
Progress Reports go home on September 1st (all grades due by Friday)
Formative Assessment on EF 3, 4, and 5 on Friday, September 2nd

32. Logging on to USA Test Prep
Go to
Click on Create an account (use Alcovy)
For students, please use the activation code, Newton33
Create a username / password (fill all out the personal details)
On your homepage, find the orange join class button
Find my name on the drop down menu/ click on my name
Find class period / click on class period
Click on add assignments
Complete “economic fundamentals for 8.