1. BellringerBellringer
1.1. How old do you think the video gameHow old do you think the video game
industry is?industry is?
2.2. What type of good is a video game?What type of good is a video game?
(inferior or normal?)(inferior or normal?)
3.3. List two substitutes for video games.List two substitutes for video games.

2. Video GamesVideo Games
 New in 1975New in 1975
 $10.3 Billion in 2010$10.3 Billion in 2010
Electronic Arts Inc.
(Public, NASDAQ:ERTS)
Nintendo Co., Ltd (ADR)
(Public, OTC:NTDOY
Take-Two Interactive Software, Inc.
(Public, NASDAQ:TTWO
Activision Blizzard, Inc.
(Public, NASDAQ:ATVI

3. 10 minutes, 1 paper per group10 minutes, 1 paper per group
a. Which curve would shift? (S or D)a. Which curve would shift? (S or D)
b. Which direction? (left or right)b. Which direction? (left or right)
c. What happens to equilibrium price?c. What happens to equilibrium price? (increase or decrease)(increase or decrease)
1.1. Market: Sonoran hotdogs (Man vs. Food visits Tucson)Market: Sonoran hotdogs (Man vs. Food visits Tucson)
2.2. Market: DVD rentals (2008)Market: DVD rentals (2008)
3.3. Market: flat screen tvs (2010),Market: flat screen tvs (2010), What has been happening to Eqp?What has been happening to Eqp?
4.4. Market: NY Giants merchandise (2012)Market: NY Giants merchandise (2012)
5.5. Market: Cellphone serviceMarket: Cellphone service (after iphone, blackberry, droid)(after iphone, blackberry, droid)
6.6. Market: Apple stockMarket: Apple stock (Apple announces record profits)(Apple announces record profits)
7.7. Market: Facebook stockMarket: Facebook stock (FB becomes publically traded)(FB becomes publically traded)

4. Golden GooseGolden Goose
 ““The Goose that could lay a golden egg”The Goose that could lay a golden egg”