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05 economicsðics
- 1. Principles of Business, Marketing, and Finance Lesson Five Economic and Ethical Activity in a Changing World UNT in partnership with TEA, Copyright ©. All rights reserved
- 5. Four Phases of the Business Cycle UNT in partnership with TEA, Copyright ©. All rights reserved 5
Hinweis der Redaktion
- Explain how international business has affected gross domestic product in both a positive and negative way.
- Ask students to explain how an increasing unemployment rate has a domino affect on the economy. Have someone look up on the internet what the current unemployment rate is.
- Prior to any discussion have students write down which cycle they believe the economy is in currently and then at the end of the discussion have then show their answers to the class and see if anyone wants to change their answer. Prosperity-peak of economic activity Recession-economic slowdown Depression-a deep recession that affects the entire economy and lasts for several years Recovery-the rise in business activity after a recession or depression
- Explain how bribery is expected in business transactions for some countries. Then ask students if U.S. businesses should resort to bribery to increase the GDP. Â
- Brainstorm ethical issues in the workplace that students today may have to make decisions about. Then explain how ethics involves doing the right thing when it is more attractive to do the unethical activity. Â
- Ask students to list the four government agencies identified in the slide and then see if the can explain the consumer protection role for each agency. Â
- Ask students to list three responsibilities that employers have for employees. Then ask students to list three responsibilities employees have to the employer.
- Ask students to list one international, economic, governmental, and workforce challenge facing businesses in todayâs changing marketplace.