Thursday, March 13, 2014
Come on Down!
In the wonderful class of Economics, we did something unique and so much fun! We were assigned into different groups and were asked to create a radio commercial, TV commercial, and newspaper ad of Weserville in order to attract tourism. Also through doing this project, we were able to learn about demand and the 6 factors that can change it. The factors are income, market size, consumer tastes, consumer expectation, substitute goods, and complementary goods. I really believed everyone did a fantastic job with their campaigns. My favorite was the commercial that we chose from Group 5. I thought out of all the videos, it was the one that looked like an actual commercial. The music was perfect, the voice over was great, overall it was just fantastic! Congrats to the group for getting chosen! I thought this was such a brilliant idea! Weserville is such a tiny town that lives off of its small businesses. Also, the population is incredibly small. Bringing in more people will definitely improve the life style of the town. Doing this activity I think really help understand the factors, demand and what it takes to make a great ad campaign. Also, we really learned that in order to make the campaign come together, it is a group effort and each member must contribute. I really think we should do more projects like this, as in making videos because it is fun, everyone must participate somehow, and learn economics in such a fun way!
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I agree Camille! The activity we did last week was probably the most fun so far! I enjoyed it and it also helped me understand the 6 factors. I hope we can do it again!!
ReplyDeleteI also liked working on the project! It was really educational and I had lots of fun working on it. I thought the other groups did wonderfully, but I'm a bit biased and I think our group was the best ;)
ReplyDeleteI too thought this project was super fun. All the advertisements were really creative and I really learned a lot. I hope they bring in more people to Weserville!
ReplyDeleteThe profit was really helpful and tons of fun! I understand everything about demand now I believe and I believe the advertisements will bring in tons of new visitors to Weserville! These projects really are helpful and it's even better when you have an awesome group.
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