I'm really looking forward to teaching you this semester!
For the first few weeks of school we will be looking at a variety of topics to introduce you to the concept of "What is Business?" I warn you, as this is your first look at business there is A LOT of ground to cover...the 'building blocks' of business you could say. You may feel a bit of 'information overload' at first, but don't worry. Not all chapters will be as big as Chapter 1 and we will go through the content slowly together. Just make sure to pay attention in class and take good notes! If you learn as you go, it should all make sense and not seem like so much come test time. Anyway, in the first few weeks we will start Chapter 1 in our textbook, " The World of Business 4th Ed" (as seen below). We will be defining business and then looking at the following topics:
- Types of Business Ownership
- Goods & Services
- Needs vs Wants/Essential vs Luxury Goods and Services
- Economic Resources aka 'Factors of Production' (Natural, Human, Capital Resources)
- Supply, Demand, and Price & the relationship between them
- Factors that affect supply and demand
- Supply and Demand graphing
- Interdependence in business
- Business Decision-making Model
This is just an overview of the main topics we will be looking at. Stay tuned for more detailed posts on a more weekly basis.
See you in class! :)
