| Introduction to Business |
| --List the three economic questions that must be answered by every society. --Describe three types of economic systems. --Identify five features of our market economy. --Explain why economies are mixed systems. --Explain why market economies are becoming common around the world. |
| Chapter 2 Economic Systems |
| Key Ecnomic Decisions Types of Economic Systems Our Economic System Mixed Economic Systems Emerging Market Economies |
| Chapter 1 Economic Decisions |
| --Distinguish between needs and wants. --Explain the difference between goods and services. --Describe the economic resources used in the production of goods and services. |
| Needs and Wants Goods and Services Economic Resources Limited Resources Economic Choices |
| Economic Roles you Perform Your Consumer Role Your Worker Role Your Citizen Role |
| Measuring Economic Growth The Business Cycle Inflation and Deflation Our Economic Future |
| --Identify three economic roles each person performs. --Explain how consumers affect the supply and demand for goods and services. --Understand the impact of worker productivity on our standard of living. --Recognize the role of citizens in our economy. |
| --Explain how Gross Domestic Product (GDP), GDP per capita, and labor productivity are used as measurements of economic performance. --Describe the four phases of the business cycle. --Define inflation and deflation. |
| Chapter 3 Economic Roles |
| Chapter 4 Economic Measurements |
| Unit 1 Our Economic Environment |