The holiday season is the most important time for US retailers. Black Friday is one of the biggest shopping days of the year and the official start of the holiday shopping season. Many people view this day as chance to get big bargains on Christmas gifts. Post #1: Analyze the Black Friday Analyze this event (and all other related spending) as an economist. What is the forecast for this year's Black Friday? Consider retailers, merchandise, gift cards, supply/demand, limited quantities, reduced prices, advertisements, TV ads, online purchases, traffic, crowds, violence, alternative of Cyber Monday and Small Business Saturday, employment, etc.

Post #2, Economics of Black Friday First, share your past or future experiences/participation (or lack of participation) with Black Friday (3-5 sentences). Second, select 5 economic concepts to explain any aspect of Black Friday. Your examples should list the term/concept then followed by an explanation.

Below are a few concepts to consider but not limited to this list.

Concepts to consider:

• opportunity cost, incentives, marginal costs/benefits
• goods and services, markets
• supply & demand, money, prices
• production, competition,costs,technology
• employment, unemployment, wages

I look forward to reading your responses!