1. Demand, Supply, and Markets
Chapter 2 introduces students to the concepts
of demand, supply, and markets. One of the most exciting changes in markets
in the last decade has been the emergence of Internet auction markets. Go
to eBay.com and search for an item that you have recently purchased.
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What item did you search?
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Is the current price on eBay higher
or lower than what you paid?
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How many similar items are currently
being offered on eBay?
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If one of the auctions is approaching
the closing time, watch that auction for last minute bids. How many bids were
made in the last five minutes?
Next go to any major online bookstore and price
this textbook. Use Amazon.com, BarnesandNoble.com, or whatever site you know
of.
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What is the price?
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Now go to addall.com and compare prices
for the book. Be sure you are looking for prices of the current edition of
this textbook.
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Is the second price lower? If so,
why?
2. Stock Markets
The stock market is one of the most interesting
and dynamic markets. Go to Yahoo Finance at
http://finance.yahoo.com.
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Is the market up or down?
Compare
todays market performance of
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Dow______________
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Nasdaq ______________
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S&P 500 ______________
Click on Market Overview for that
day.
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What reasons are given for changes
in market prices?
