Course

Essential Standard Objective Essential Questions

Understand the role of business in the global economy. 1.02 B2 5% Understand economic activities conditions. x What do the results of measuring economic activities reveal about economic conditions? x How are economic conditions classified? UNPACKED CONTENT

6200/6600 Principles Unit A of Business and Finance 1.00 B2 16%

Principles of Business

I.

II.

The measuring of economic activities indicates whether an economy is emerging and vigorous. The economic activities measured are: A. Gross domestic product (GDP) B. GDP per capita C. Labor activities D. Consumer spending E. Investment activities F. Borrowing Economic conditions evolve in phases called business cycles. Economic conditions impact the buying power of consumers and affordability of interest rates. A. Phases of the business cycle are: 1. Prosperity 2. Recession 3. Depression 4. Recovery B. Buying power of consumers classifications are: 1. Inflation 2. Deflation

6200/6600 Principles of Business and Personal Finance

Summer 2010

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