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TCO 1 Chapters 1, 2, 3, 5, 6, 13 and 15 Weeks 1, 2, 4 and 5 Given a description of a typical business, demonstrate how that business acts within our
Weeks 1, 2, 4 and 5Given a description of a typical business, demonstrate how that business acts within our economic system to achieve its goals as well as those of society, along with an understanding of how the future may impact these goals.•Understand the relationship and interaction of supply and demand in the economy.•Be able to define, differentiate and provide examples of a market, command and mixed economy.•Define and discuss the fiscal and monetary policy role of the federal government and its respective agencies.•List and define the foundations of capitalism.•Apply the “Invisible Hand” to a market economy.•Explain productivity and its relationship to international trade.•Relate political systems to their respective economic system•Describe the demographic trends•Define and apply common economic indicatorsWeek 3Given the importance of ethics in business, be able to understand and address ethical dilemmas that may occur in workplace activities and offer suggestions to prevent their recurrence.•Define and discuss the ethical and social responsibility of business.•List and explain business stakeholders.•Describe and apply a business code of ethics.•Explain compliance-based business ethics.
