Feb 21 Business and Finance

Learning Goals:
Understanding Consumer Price Index
Work on CFA Project #1
Catch up on Missing Work

Bellringer:
1. Read A Trip to The iFactory: 'Nightline' Gets an Unprecedented Glimpse Inside Apple's Chinese Core at this link, then write down 3 things that are bad about the factory and write down 1 thing Apple is doing to try to make the situation better.
http://news.yahoo.com/trip-ifactory-nightline-gets-unprecedented-glimpse-inside-apples-001926196--abc-news.html;_ylc=X3oDMTNuZmVuMWo5BF9TAzIxNDU4OTIzMDEEYWN0A21haWxfY2IEY3QDYQRpbnRsA3VzBGxhbmcDZW4tVVMEcGtnAzVkMDViZmQ0LWRkZWMtMzYxMy1iNDg0LTE2NzQ2OTI4YzA1MgRzZWMDbWl0X3NoYXJlBHNsawNtYWlsBHRlc3QD;_ylv=3

2. Get textbook and turn to page 41

3. On a new tab Go to http://www.bls.gov/news.release/pdf/cpi.pdf

Announcements:
CFA and Vocabulary Test Results
25 points were added to your CFA scores.
If you turned in a Career booth ticket 2 points were added to your score.
You will get the ticket back with your new CFA score on it.
Another Career Booth Opportunity is coming soon.
Remember points will not be added on the Final Exam.

Tiger Time WednesdayAnyone, who did not do good on either the Vocabulary test or the CFA, will come to tiger time today to review test questions.
Anyone, who is behind, will come to tiger time Wednesday.

Guided Exercise:
Review Project Questions 17 through 20
Understanding Consumer Price Index (Project Question 21)
Review Project Questions 22 through 29)

Consumer Price Index (CPI) compares prices of the same items year after year for inflation and deflation.

Inflation- is an increase in prices. Causes of inflation are when the demand for products and services exceeds the supply- like gasoline.

Deflation- is a decrease in the prices of products and services, but people have less money for purchases. Causes of deflation are a recession or depression. People do not have the money to buy so businesses may lower their prices to get people to buy their products.

The Bureau of Labor Statistics just release new Consumer Price Index information, which we will review after attendance.
If you completed this question with the OLD information- it is ok.
If you have NOT completed this question- use the NEW information.

To look at big categories see the last column in Table A. and it is labeled "Unadjusted 12 mos ended Jan 2012"
What was the percentage increase in gasoline?
What was the percentage increase in apparel(clothing)?

Now we are going to look at more specific categories.
Scroll to Table 1.
You will be looking in the column labeled "Unadjusted percent change to Jan 2012- from Jan 2012"
What was the percentage increase under Recreation for video and audio (dvds & cds) (see 2nd page of Table 1 for answer)?

Independent Exercise:
Review Project questions for correct answer.
Work on Project questions 21 through 29.
Work on any late work.

Homework: Bring Business Fee of $10.00