Teacher: CORE Introduction to Business
Year: 2014-15
Course: Introduction to Business
Economic Environment ~ Economic Environment consists of four sections: Economic Decisions, Economic Systems, Economic Roles, and Economic Measurement
Standards
Essential
Assessments Skills
Questions
EC.I.A-Assess opportunity costs and trade-offs involved What are our
in making choices about how to use scarce economic economic
resources.
choices?
EC.II.A-Explain why societies develop economic
systems, identify the basic features of different
economic systems, and analyze the major features of
the U.S. economic system.
EC.III.A-Analyze the role of core economic institutions
and incentives in the U.S. economy.
EC.IV.A-Analyze the role of markets and prices in the
U.S. economy.
EC.VII.A-Analyze the role of government in economic
systems, especially the role of government in the U.S.
economy.
Test on Chapter
9/30/2014
Content
Lessons
explain scarcity and how it impacts needs and wants distinguish Needs and
between
Wants
explain opportunity costs and tradeoffs
needs and
wants
explain the basic economic problem
distinguish
explain the three economic questions every economy between the
must answer
economic
resources
explain the features of the a free enterprise
Resources
Textbook
Notes
Handouts
explain the difference between supply and demand
Continue Economic Decisions ~ Continues from last month
Standards
Essential
Questions
EC.I.A-Assess opportunity costs and trade-offs involved What are the
in making choices about how to use scarce economic types of
resources.
economic
EC.II.A-Explain why societies develop economic
systems?
systems, identify the basic features of different
economic systems, and analyze the major features of What economic
the U.S. economic system.
roles do we
EC.III.A-Analyze the role of core economic institutions perform?
and incentives in the U.S. economy.
EC.IV.A-Analyze the role of markets and prices in the
How do we
U.S. economy.
measure
EC.VII.A-Analyze the role of government in economic
economic
systems, especially the role of government in the U.S.
growth?
economy.
Assessments Skills
Content
Lessons
Resources
Test on Chapter explain scarcity and how it impacts needs
9/30/2014
and wants
Illustrate the
difference between
goods, services,
needs, and wants
Goods and
Services
Textbook
explain opportunity costs and tradeoffs
explain the basic economic problem
Economic
Choices
Describe the
economic resources Features of the
explain the three economic questions every used in the
United States
economy must answer
production of goods Economy
and services
explain the features of the a free enterprise
Demonstrate the
explain the difference between supply and decision making
demand
process
Notes
Handouts
Page | 1
Teacher: CORE Introduction to Business
Year: 2014-15
Course: Introduction to Business
Economic Measurements
Standards
Essential Questions Assessments
Skills
Content
Lessons
Resources
EC.I.A-Assess opportunity costs and trade-offs
involved in making choices about how to use
scarce economic resources.
EC.III.A-Analyze the role of core economic
institutions and incentives in the U.S. economy.
EC.IV.A-Analyze the role of markets and prices in
the U.S. economy.
EC.VII.A-Analyze the role of government in
economic systems, especially the role of
government in the U.S. economy.
What is the business
cycle?
explain how Gross Domestic
Product, GDP per capita and
labor productivity are used as
measurements of economic
performance
Illustrate the four
categories
measured in the
GDP
Gross Domestic
Product
Textbook
Chapter Test
10/10/2014
What is inflation and
deflation?
Notes
Personal Income
and Retail Sales
Categorize durable
describe the four phases of the and nondurable
Business Cycle
business cycle
goods
Capital Spending
define inflation and deflation Categorize business and National Debt
conditions into one
of the business
cycles
Handouts
Business Operations
Standards
Essential Questions Assessments
Skills
Content
Lessons
Resources
15.2.12. B-Organizing ~ Analyze a specific
occupation within a career cluster.
15.2.12. D-Organizing ~ Analyze job tasks and
responsibilities when working in a virtual versus a
traditional work environment.
15.2.12. J-Organizing ~ Analyze career goals based
on, but not limited to, interest, lifestyle, skills, and
values in order to transition from high school.
15.3.12. Q-Organizational Communication ~
Analyze communication channels and their
effectiveness within the corporate culture.
15.3.12. V-Electronic Communication ~ Evaluate
how mobile communication impacts businesses or
organizations.
15.8.12. B-Organization and Characteristics of
Business ~ Analyze the costs and benefits of
organizing a business as a sole proprietorship,
partnership, or corporation.
15.8.12. E-Management Functions ~ Evaluate how
businesses are organized to achieve desired goals.
What are the different
types of offices?
create an office space
appropriate for a selected
career
Categorize offices,
business,
ownerships, and
employees
Types of Offices
Textbook
Shoe Box Office
Notes
Types of
Businesses and
Ownerships
Handouts
What are the different
types of businesses?
What are the different
types of business
ownerships?
Chapter Test
10/31/2014
differentiate between
businesses
create an organizational chart
Who are the different
types of employees?
Page | 2
Teacher: CORE Introduction to Business
Year: 2014-15
Course: Introduction to Business
Manager as a Leader
Standards
15.2.12. P-Evaluating & Controlling ~ Evaluate conflicts within
the workplace and demonstrate procedures to acquire a
positive resolution.
15.8.12. G-Management Functions ~ Analyze leadership skills
necessary for leading at various management levels.
15.8.12. H-Management Functions ~ Analyze motivational
theories and their application in a business or organization.
15.8.12. L-Human Resource Management ~ Explain the
purpose and activities of a human resource department in a
business or organization.
Essential
Questions
Assessments Skills
How do we
Test on Chapter
influence workers, 11/26/2014
use proper
leadership skills?
describe leadership
characteristics and
human relations skills
needed by manager.
Content
Lessons
Resources
Discuss the common
characteristics of
effective leaders.
Importance of
Leadership
Textbook
Influencing people
Explain the five human
relation skills needed by Pros and Cons of
managers.
different
leadership styles
How does a
business use
effective
marketing to sell
their
products/services?
Notes
Handouts
Identify four types of
influences that leaders
use.
Describe the two main
types of leadership
styles.
Producing and Marketing Goods and Services
Standards
Essential
Questions
Assessments Skills
15.5.12. D-Entrepreneurs in the Domestic Economy ~ Create a What are the
Test on Chapter
business plan using appropriate data to support the business advantages of
12/12/2014
concept.
small businesses?
15.8.12. D-Management Functions ~ Analyze the effectiveness
of a business plan for setting and achieving objectives.
How do you create
15.9.12. C-Marketing Fundamentals ~ Evaluate the influence a business plan?
of members of a marketing channel, including company,
intermediaries, retailer, and consumer.
How can you
15.9.12.F-Marketing Mix ~ Evaluate processes needed to
market a
obtain, develop, maintain, and improve products or services; product/service
including product development, packaging, branding, product effectively?
mix, product life cycle, and product positioning.
15.9.12. I-Marketing Mix ~ Design a comprehensive promotion
plan for a product or service.
describe how small
businesses can
successfully produce and
market products and
services.
Content
Lessons
Resources
list common marketing The Role of
Textbook
activities and define
Marketing
the marketing concept.
Notes
Effective Marketing
explain the two steps in
Handouts
marketing planning.
Customer Service
explain the advantage Production and
of small businesses in Development of
Products/Services
providing customer
service.
Page | 3
Teacher: CORE Introduction to Business
Year: 2014-15
Course: Introduction to Business
Continuation of Producing and Marketing Goods and Services
Essential
Questions
Standards
15.5.12. D-Entrepreneurs in the Domestic Economy ~
Create a business plan using appropriate data to
support the business concept.
15.8.12. D-Management Functions ~ Analyze the
effectiveness of a business plan for setting and
achieving objectives.
15.9.12. C-Marketing Fundamentals ~ Evaluate the
influence of members of a marketing channel, including
company, intermediaries, retailer, and consumer.
15.9.12.F-Marketing Mix ~ Evaluate processes needed
to obtain, develop, maintain, and improve products or
services; including product development, packaging,
branding, product mix, product life cycle, and product
positioning.
15.9.12. I-Marketing Mix ~ Design a comprehensive
promotion plan for a product or service.
How can you
market a
product/service
effectively?
Assessments
Skills
Content
Lessons
Marketing
Presentation
1/30/2015
finalize the production
and marketing of
a product or service.
create a marketing concept, Production and
including a business plan, Marketing of a
prototype, and
good or service
advertisements.
Resources
Handouts
present their marketing
plan to the class.
Credit in Our Economy
Standards
15.6.12. H-Money Management /
Credit and Debt ~ Evaluate payment
methods for major purchases.
15.6.12. K-Money Management /
Credit and Debt ~ Analyze the impact
of a positive or negative credit
history.
15.6.12. L-Money Management /
Credit and Debt ~ Research major
consumer credit laws and their
impact on individuals in debt.
15.6.12. M-Money Management /
Credit and Debt ~ Assess the impact
of identity theft; develop a plan for
correcting a negative credit report.
Essential
Questions
Assessments Skills
Why do people use Chapter Test
credit?
3/20/2015
describe several
appropriate uses
of credit by
How much of an
Credit Card Video individuals,
extra cost is it to use 3/31/2015
businesses, and
credit?
governments.
What can people do
when they have
credit problems?
Content
Lessons
Resources
explain what credit is and how it is used
distinguish loan credit, sales credit, and trade credit.
What is Credit
Textbook
Types of Credit
Benefits of Credit Notes
discuss how credit is granted, including the three C's of credit. Precautions in
describe 3 types of charge accounts:regular, budget, revolving using Credit
Handouts
Types of Charge
list common types of credit cards
Accounts
identify costs of
Credit Card
credit and how to explain how installment credit sales differ from credit card
Usage
compute interest sales
Installment Sales
Credit
explain what
explain how simple interest is computer
Interest
credit is and the explain the costs of credit in addition to interest
Calculations
basis on which it
Installment
is granted
Interest
Finance Charges
Page | 4
Teacher: CORE Introduction to Business
Year: 2014-15
Course: Introduction to Business
Credit in Our Economy
Standards
15.6.12. H-Money Management /
Credit and Debt ~ Evaluate payment
methods for major purchases.
15.6.12. K-Money Management /
Credit and Debt ~ Analyze the
impact of a positive or negative
credit history.
15.6.12. L-Money Management /
Credit and Debt ~ Research major
consumer credit laws and their
impact on individuals in debt.
15.6.12. M-Money Management /
Credit and Debt ~ Assess the impact
of identity theft; develop a plan for
correcting a negative credit report.
Essential
Questions
Assessments Skills
Content
Lessons
Resources
Why do people use
credit?
Chapter Test
3/31/2015
explain what credit is and how it is used
What is Credit
Textbook
distinguish loan credit, sales credit, and trade
credit.
Types of Credit
Notes
Benefits of Credit
Handouts
describe several
appropriate uses of
credit by
How much of an extra Credit Card Video individuals,
cost is it to use credit? 3/31/2015
businesses, and
governments.
What can people do
when they have credit
identify costs of
problems?
credit and how to
compute interest
discuss how credit is granted, including the three
Precautions in using
C's of credit.
Credit
describe three types of charge accounts: regular,
budget, and revolving
explain what credit
list common types of credit cards
is and the basis on
which it is granted
explain how installment credit sales differ from
credit card sales
Types of Charge
Accounts
Credit Card Usage
Installment Sales Credit
Interest Calculations
explain how simple interest is computer
explain the costs of credit in addition to interest
Installment Interest
Finance Charges
Government in Our Economy
Standards
Essential Questions Assessments Skills
Content
EC.VII.A-Analyze the role
of government in
economic systems,
especially the role of
government in the U.S.
economy.
15.5.8. K-Business
Foundations ~ Identify
government agencies
and regulations that
impact business.
How is international
Test on Chapter explain how
business important to the 4/13/2015
business is
U.S. economy?
aided by
government.
explain protection provided by government
Our Government - Federal, State,
explain methods used by government to regulate our and Local
economy
describe how government assists business
Government Protects
Where do you find
currency exchange rates?
How does the government
protect consumers?
Lessons
Resources
Textbook
Notes
Handout
recognize the role of government in producing goods Government Assists Businesses
and service and hiring workers
explain two ways that government raises money
Government Purchases Products.
Services and Hires Workers
Government Raises Money
Page | 5
Teacher: CORE Introduction to Business
Year: 2014-15
Course: Introduction to Business
Financial Institutions and Banking Services
Standards
Essential Questions
15.1.12. P-Financial
Reporting and Analysis ~
Analyze and perform the
reconciliation of
accounts.
15.6.12. I-Money
Management / Credit
and Debt ~ Analyze the
functions of the Federal
Reserve and other
financial institutions.
What services do financial Test on Chapter list the main
institutions offer?
5/22/2015
services
offered by
Banking
banks and
How do you maintain a
Simulation
other
checking account?
5/29/2015
financial
institutions
Are they fees applied to
certain accounts?
How do financial
institutions make money?
Assessments
Skills
Content
Lessons
Resources
describe the major types of deposit-type and no
deposit financial institutions
Banks, Other Deposit-Type, and
Nondeposit Financial Institution
Textbook
detail the services provided by the financial industry
Types of Financial Services
outline the functions of the Federal Reserve System
Thre Federal Reserve System
Notes
Handouts
explain how banks earn money, help communities, and Financial Institutions and Economic
explain how create economic growth
Growth
to open a
check
explain the difference between the two major types of Types of Checking Accounts
account
checking accounts
Opening a Checking Account
demonstrate
how to use
checks and
other
payment
methods
detail the process of opening a checking account
demonstrate proper check-writing procedures
Stopping Payment on a Check
compare
services at
different
financial
institution
explain the purpose of a stop-payment order
Other Types of Checks
name three special types of checks
Sources of Money Orders
describe how payments are made through electronic
funds transfer
Processing Your Checks
Types of Endorsements
define three types of endorsements and explain when
Check Writing Procedures
each is used
explain how checks clear the banking system
describe the information on a bank statement
Your Bank Statement
The Reconciliation Process
Selecting a Financial Institution
reconcile a checking account
discuss factors to consider when selecting a financial
institution
Page | 6
Teacher: CORE Introduction to Business
Year: 2014-15
Course: Introduction to Business
Financial Institutions and Banking Services
Standards
Essential Questions Assessments Skills
15.1.12. P-Financial
What services do financial
Reporting and Analysis institutions offer?
~ Analyze and perform
the reconciliation of How do you maintain a
accounts.
checking account?
15.6.12. I-Money
Management / Credit Are they fees applied to
and Debt ~ Analyze the certain accounts?
functions of the
Federal Reserve and How do financial
other financial
institutions make money?
institutions.
Content
Test on Chapter
5/29/2015
list the main
describe the major types of deposit-type and no
services offered by deposit financial institutions
banks and other
Banking Simulation financial institutions detail the services provided by the financial industry
5/29/2015
explain how to open outline the functions of the Federal Reserve System
a check account
Lessons
Resources
Banks, Other Deposit-Type, Textbook
and Nondeposit Financial
Institution
Notes
Types of Financial Services
Handouts
Three Federal Reserve
System
explain how banks earn money, help communities,
demonstrate how to and create economic growth
Financial Institutions and
use checks and
other payment
explain the difference between the two major types Economic Growth
methods
of checking accounts
Types of Checking Accounts
compare services at detail the process of opening a checking account
different financial
institution
define three types of endorsements and explain
when each is used
Opening a Checking Account
Types of Endorsements
demonstrate proper check-writing procedures
Check Writing Procedures
explain the purpose of a stop-payment order
Stopping Payment on a
Check
name three special types of checks
Other Types of Checks
describe how payments are made through electronic
Sources of Money Orders
funds transfer
explain how checks clear the banking system
Processing Your Checks
Your Bank Statement
describe the information on a bank statement
reconcile a checking account
The Reconciliation Process
Selecting a Financial
discuss factors to consider when selecting a financial Institution
institution
Page | 7