Business Management – Week 3

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Nov 20, 2013 (3 years and 6 months ago)

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Business Management


Week 3


1


Knowledge/

Skill
Statement

Understands the economic principles and concepts fundamental to business
operations




Instructional
Area

Economics




Performance
Element

Understand

economic indicators to recognize economic trends and conditions.




Performance
Indicator

Describe the economic impact of inflation on business (EC:083)
(REVIEW)




Level

Specialist



SCANS

Information 5, 7
-
8; Systems 15; Technology 19; Basic Skills 1
-
2, 4
-
6; Thinking Skills
8, 12



21st Century
Skills

Financial,
Economic, Business and Entrepreneurial Literacy 2; Critical Thinking and
Problem Solving Skills 1, 3; Communication



Objectives

a.

Define the following terms: inflation, inflation rate, deflation, Consumer Price
Index, standard of living, targeted
inflation rate, and price stability.

b.

Describe causes of inflation.

c.

Explain how inflation impacts the economy.

d.

Describe the relationship between price stability and inflation.

e.

Explain problems associated with deflation.

f.

Discuss reasons why th
e inflation rate should be above zero.

g.

Explain how businesses can use the Consumer Price Index.

h.

Discuss the purpose of the Consumer Price Index (CPI).

i.

Describe how the Consumer Price Index is determined.

j.

Identify the major kinds of consumer spe
nding that make up the Consumer
Price Index.

k.

Explain how the Consumer Price Index is used to find the rate of inflation.

l.

Describe limitations on the use of the Consumer Price Index.



Sample

Activity

Ask students to interpret the Consumer Price
Index over a 10
-
year period and draw
conclusions about the prices of food, clothing, and medical care. Each student
should collaborate with a classmate to discuss the pair’s findings and conclusions.



Resources





Textbooks

Abel, A. B., & Bernanke, B.

S. (2005). Macroeconomics (5th ed.) [pp. 6
-
8, 49
-
50,
400
-
408, 455
-
462]. New York: Pearson Addison Wesley.

Boone, G., & Kurtz, D.L. (2009). Contemporary marketing 2009 (pp. 87
-
88). Mason,
OH: South
-
Western Cengage Learning.

Bovée, C. L., &

Thill, J.V. (2008). Business in action (4th ed.) [p. 19]. Upper Saddle
River, NJ: Pearson Prentice Hall.

Clark, B., Sobel, J., & Basteri, C.G. (2010). Marketing dynamics: Teacher’s edition
(2nd ed.) [pp. 117
-
120]. Tinley Park, IL: Goodheart
-
Willcox Compa
ny, Inc.

Clayton, G.E. (2005). Economics: Principles & Practices (pp. 389
-
392). Columbus,
OH: Glencoe/McGraw
-
Hill.

Clayton, G.E. & Giesbrecht, M.G. (2004). A guide to everyday economic statistics
(6th ed.) [pp. 6, 105
-
109]. New York: McGraw
-
Hill/Irwin.

Dla
bay, L.R., & Burrow, J.L. (2008). Business finance (p. 6). South
-
Western
Cengage Learning.


Business Management


Week 3


2



Farese, L. S., Kimbrell, G., & Woloszyk, C. A. (2009). Marketing essentials (p. 62,
64). Woodland Hills, CA: Glencoe/McGraw
-
Hill.

Ivancevich, J. M., &

Duening, T. N. (2007). Business principles, guidelines, and
practices (2nd ed.) [p. 585]. Mason, OH: Thomson.

McConnell, C.R. & Brue, S.L. (2005). Economics: Principles, problems, and policies
(16th ed.) [pp. 141
-
148]. New York: McGraw
-
Hill/Irwin.

Mille
r, R.L. (2005). Economics: Today and tomorrow (pp. 454
-
455). Columbus, OH:
Glencoe/McGraw
-
Hill.

Miller, R.L., & Stafford, A.D. (2010). Economic education for consumers (4th ed.) [p.
581]. Mason, OH: South
-
Western Cengage Learning.

O’Sullivan, A. & Sheffri
n, S.M. (2003). Economics: Principles in action (pp. 338
-
343).
Upper Saddle River, NJ: Prentice Hall.

Pride, W. M., Hughes, R. J., & Kapoor, J. R. (2008). Business (9th ed.) [p.19].
Boston: Houghton Mifflin.

Sexton, R.L. (2003). Essentials of economics (
pp. 259
-
263). Mason, OH:
Thomson/South
-
Western.



Software/


Online

AmosWEB. (2000
-
2011). Consumer Price Index. Retrieved May 12, 2011, from
http://www
.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=Consumer+Price+Index

AmosWEB. (2000
-
2011). Deflation. Retrieved May 12, 2011, from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=w
pd&c=dsp&k=deflation

AmosWEB. (2000
-
2011). Inflation. Retrieved May 12, 2011, from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=inflation

AmosWEB. (2000
-
2011). Inf
lation rate. Retrieved May 12, 2011, from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=inflation+rate

AmosWEB. (2000
-
2011). Price stability. Retrieved May 12,

2011, from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=price+stability

Cross
-
Curricular Connections. (2011). The CPI

A crystal ball

? Retrieved May 12,
201
1,
http://www.econedlink.org/lessons/index.cfm?lesson=EM255&page=teacher

InflationData.com. (2003
-
2011). Consumer price index. May 12, 2011, from
http://inflationdata.com/Inflation/Consumer_Price_Index/CPI.asp

Land and Freedom Economic Lessons. (n.d.). The business cycle

: 2. Inflation.
Retrieved May 12, 2011, from
http://www.landandfreedom.org/econ/econ11f.htm

McMahon, T. (2008, July 16). Inflation cause and effect. Retrieved May 12, 2011,
from
http://inflationdata.com/inflation/Inflation_Articles/Inflation_cause_and_effect.as
p

Niederjohn, S. (2006, January 12). Was Babe Ruth underpaid? Retrieved May 12,
2011, from
http://www.econedlink.org/lessons/index.php?lesson=EM604&page=teacher



Business Management


Week 3


3


Knowledge/

Skill
Statement

Understands the economic principles and concepts fundamental to business
operations




Instructional
Area

Economics




Performance
Element

Understand

economic indicators to recognize economic trends and conditions.




Performance
Indicator

Discuss the measure of consumer spending as an economic indicator (EC:081)




Level

Specialist



SCANS

Information 5, 7; Systems 15; Technology 19; Basic Skills 1, 2, 5, 6; Thinking Skills
8, 12



21
st

Century
Skills

Financial,
Economic, Business and Entrepreneurial Literacy 2; Civic Literacy 3;
Critical Thinking and Problem Solving Skills 1, 3; Communication



Objectives

a.

Define the term Consumer Confidence Index (CCI). [The
Conference Board
defines the Consumer Confidence
Survey as “a monthly report detailing
consumer attitudes and buying intentions, with data available by age, income
and region.”]

b.

Describe how consumer spending reacts to shifts in the well
-
being of the
economy.

c.

Explain how the Consumer Confidence Ind
ex functions.

d.

Describe how businesses use and react to changes in the Consumer
Confidence Index.

e.

Discuss government’s options when the Consumer Confidence Index indicates
a decreasing trend (e.g., issuing a tax rebate or taking other action to stimul
ate
the economy).



Sample

Activity

Ask each student to locate a current article found in a newspaper or business
periodical that focuses on economic growth in the United States. After reading the
article, each student should write a short report on consu
mer spending: what
changes have recently occurred, what caused the changes, and how businesses
have reacted to changes in the Consumer Confidence Index. When finished, each
student should discuss her/his findings with a classmate.



Resources




Textbooks

Abel, A. B., & Bernanke, B. S. (2005).
Macroeconomics

(5
th

ed.) [pp.
116
-
118
]. New
York: Pearson Addison Wesley.

Clayton, G.E. (2005).
Economics: Principles & Practices
(p. 155). Columbus, OH:
Glencoe/McGraw
-
Hill.

Clayton, G.E. & Giesbrecht, M.G.
(2004).
A guide to everyday economic statistics
(6
th

ed.) [pp. 87
-
89, 98
-
100]. New York: McGraw
-
Hill/Irwin.

McConnell, C.R. & Brue, S.L. (2005).
Economics: Principles, problems, and policies
(16
th

ed.) [p. 196]. New York: McGraw
-
Hill/Irwin.

Miller, R.L. (2
005).
Economics: Today and tomorrow
(pp. 60
-
61). Columbus, OH:
Glencoe/McGraw
-
Hill.

Miller, R.L., & Stafford, A.D. (2010).
Economic education for consumers

(4
th

ed.) [p.
583]. Mason, OH: South
-
Western Cengage Learning.



Business Management


Week 3


4




Software/


Online

Amadeo, K.

(201
1
).
Consumer Confidence Index.
Retrieved
May 12,

201
1
, from
http://useconomy.about.com/od/economicindicators/p/consumer_confid.htm

AmosWEB. (2000
-
201
1
).
Consumer Confidence Index.
Retrieved
May 12,

201
1,
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=Consumer+Confidence+Index

Barnes, R. (201
1
).
Econom
ic indicators

: Consumer Confidence Index (CCI).
Retrieved
May 12,

201
1
, from
http://www.investopedia.com/university/releases/consumerconfidence.asp


Investopedia.com (2
011).
Consumer confidence: A killer statistic
. Retrieved May 12,

201
1, from
http://www.investopedia.com/articles/fundamental/103002.asp?viewed=1


The Conference Board. (2011).
The consumer confidence index® increases.

Retrieved May 12,

201
1, from
http://www.conference
-
board.org/economics/consumerconfidence.cfm

McWhinney, J. (201
1
).
Understanding the Consumer Confidence Index.
Retrieved
May 12,

201
1
, from
http://www.investopedia.com/articles/05/010604.asp



Business Management


Week 3


5


Knowledge/

Skill
Statement

Understands concepts, tools, and strategies used to explore, obtain, and develop in
a business career



Instructional
Area

Professional Development



Performance
Element

Understand and follow company rules and regulations to maintain employment.



Performance
Indicator

Follow chain of command (PD:252) (CS)



Level

Career
-
sustaining


SCANS

Information 5
-
6; Interpersonal 9; Systems 15; Basic Skills 1
-
2, 5
-
6; Thinking Skills
12; Personal Qualities 13, 15, 17


21st Century
Skills

Critical Thinking &
Problem Solving 1; Communication & Collaboration 1



Objectives

a.

Discuss the importance of following the chain of command.

b.

Discuss the use of the chain of command to resolve issues or problems.

c.

Explain possible consequences of failing to follow th
e chain of command.

d.

Describe situations in which bypassing the chain of command is appropriate.

e.

Explain techniques used to work through the chain of command.

f.

Demonstrate techniques used to follow a chain of command.


Sample

Activity

Ask each stu
dent to develop a short report about the chain of command for a school
-
based enterprise, her/his employer, or some other local business. S/he should
identify and draw the chain of command, explain the importance of following it,
provide specific examples o
f when and how employees should follow the chain of
command at that business, describe situations in which it might be appropriate for an
employee to bypass the chain of command, and discuss techniques used to work
through the chain of command on a daily b
asis.


Resources



Textbooks

Daft, R.L., & Marcic, D. (2009). Understanding management: Instructor’s edition (6th
ed.) [p. 250]. Mason, OH: South
-
Western Cengage Learning.

Dessler, G., &

Varkkey, B. (2009). Human resource management (11th ed.) [p. 131].
New Dehli, India: Dorling Kindersley.

DuBrin, A. (2009). Essentials of management: Instructor's edition (8th ed.) [pp. 261
-
262]. Mason, OH: South
-
Western Cengage Learning.

Gibson, J. L., I
vancevich, J. M., Donnelly, J.H., & Konopaske, R. (2003).
Organizations: Behavior, structure, processes (11th ed.) [pp. 71, 392]. New
York: McGraw
-
Hill/Irwin.

Griffin, R.W., & Moorhead, G. (2010). Organizational behavior: Managing people and
organizations
(9th ed.) [pp. 255
-
256, 409
-
414, 418
-
423]. Mason, OH: South
-
Western Cengage Learning.

Ivancevich, J.M., Konopaske, R., & Matteson, M.T. (2008). Organizational behavior
and management (8th ed.) [pp. 450
-
462]. New York: McGraw
-
Hill Irwin.

Jones, G.R., & Geor
ge, J.M. (2006). Contemporary management (4th ed.) [pp. 357
-
358]. New York: McGraw
-
Hill/Irwin.

Lussier, R.N. (2003). Management fundamentals (2nd ed.). [pp. 172
-
180]. Thomson
South
-
Western: Mason, OH.

Business Management


Week 3


6



Nelson, D.L., &

Quick, J.C. (2006). Organizational behavior: Foundations, realities, &
challenges (5th ed.) [pp. 425, 494
-
501, 516
-
517]. Mason, OH: South
-
Western.

Robbins, S.P., & Coulter, M. (2007). Management (9th ed.) [pp. 270
-
274]. Upper
Saddle River, NJ: Pearson Pre
ntice Hall.

Rue, L.W., & Byars, L.L. (2005). Management: Skills and application (11th ed.) [pp.
182
-
183]. New York: McGraw
-
Hill/Irwin.

Williams, C.R. (2009). Management (5th ed.) [p. 319]. Mason, OH: Cengage
Learning.



Continued

Business Management


Week 3


7



Software/


Online

12manage.com (2011). Centralization and decentralization. Retrieved May 5, 2011,
from
http://www.12manage.com/methods_centralization_decentralization.html


Arold, E. (2010, February 8). Ethics to be used when dealing with a chain of
command. Retrieved May 16,

2011, from
http://www.helium.com/items/1735793
-
ethics

Baker, G.P., Gibbons, R.S., & Murphy, K.V. (2005, November 14). Informal authority
in organizations. Journal of Law, Economics and Organizatio
n (15) 1. Retrieved
May 5, 2011, from
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=162129

BusinessDictionary.com. (2011). Flat organization. Retrieved May 5, 2011, from
http://www.businessdictionary.com/definition/flat
-
organization.html


Citeman Network. (2009, January 17). Line and staff authority. Retrieved May 5,
2011, from
http://www.citeman.com/4733
-
line
-
and
-
staff
-
authority/


CliffsNotes. (2000
-
2010). Factors affecting organizational design. Retrieved May 5,
2011, from
http://www.cliffsnotes.com/WileyCDA/CliffsReviewTopic/Factors
-
Affecting
-
Organizational
-
Design.topicArticleId
-
8944,articleId
-
8881.html


Dummies.com. (2011). How t
o encourage workplace diplomacy. Retrieved May 16,
2011, from
http://www.dummies.com/how
-
to/content/how
-
to
-
encourage
-
workplace
-
di
plomacy.navId
-
380730,pageCd
-
email_form.html

eNotes.com. (2011). Chain of command principle. Retrieved May 5, 2011, from
http://www.enot
es.com/management
-
encyclopedia/chain
-
command
-
principle


Hoch, D. (2007). The importance of the chain of command. Retrieved May 16, 2011,
from
http://findarticles.com/p/articl
es/mi_m0FIH/is_7_74/ai_n17208794/


Juneja, H. (2008, December 17). Span of management. Retrieved May 5, 2011, from
http://ezinearticles.com/?Span
-
of
-
Management&id=1799415


Lauby, S. (2
010, March 11). Chain of command. Retrieved May 16, 2011, from
http://www.hrbartender.com/2010/employee/chain
-
of
-
command/

Management Innovations. (2008, December 18). Types of autho
rity: Line & staff
roles. Retrieved May 5, 2011, from
http://managementinnovations.wordpress.com/2008/12/18/types
-
of
-
authority
-
line
-
staff
-
roles/

Management Study Guide. (1998
-
2011). Principles of management. Retrieved May
5, 2011, from
http://www.managementstudyguide.com/management_principles.htm


McGrath, L. (n.d.). Cha
in
-
of
-
command principle. Retrieved May 16, 2011, from
http://american
-
business.org/136
-
chain
-
of
-
command
-
principle.html

OrgChart.net. (2011, March 19). Guide to organizational
charting. Retrieved May 5,
2011, from
http://www.orgchart.net/


Power, J.D. (2007, June 26). Unity of command. Retrieved May 5, 2011, from
http://planningskills.
com/tips/31.php


Reh, F.J. (2011). Organizational charts as a management tool. Retrieved May 5,
2011, from
http://management.about.com/cs/generalmanagement/a/OrgCharts.htm


St
roup, J. (2008). Chain of command. Retrieved May 5, 2011, from
http://managingleadership.com/blog/2008/01/22/chain
-
of
-
command/


Tanguay, D.M. (2000
-
2011). Encyclopedia of manag
ement: Chain of command
principle. Retrieved May 16, 2011, from
http://www.enotes.com/management
-
encyclopedia/chain
-
command
-
principle/print

Wimalachandra, N. (n.d.)
. Authority. Retrieved May 5, 2011, from
http://www.nishanw.org/authority.doc




Business Management


Week 3


8


Knowledge/

Skill
Statement

Understands the economic principles and concepts fundamental to business
operations



Instructional
Area

Economics



Performance
Element

Understand

economic indicators to recognize economic trends and conditions.



Performance
Indicator

Explain the concept of Gross Domestic Product (GDP) (EC:017, EC LAP 1)
(REVIEW)



Level

Specialist


SCANS

Information 5, 7
-
8; Systems 15; Technology 19; Basic Skills 1
-
2, 4
-
6; Thinking Skills
8, 12


21
st

Century
Skills

Financial, Economic, Business and Entrepreneurial Literacy 2; Critical Thinking and
Problem Solving Skills 1, 3; Communication


Objecti
ves

a.

Define the following terms: gross domestic product (GDP), personal
consumption expenditures, gross private domestic investment, government
purchases of goods and services, net exports of goods and services, trade
deficit, trade surplus, uncounted
production, underground economy, and double
counting.

b.

Identify the categories of goods and services that make up GDP.

c.

Describe problems encountered in calculating GDP.

d.

Explain the importance of a country's GDP.

e.

Describe ways to increase GDP.

f.

Describe how the government responds to changes in GDP.

g.

Describe ways that businesses respond to changes in GDP.


Sample

Activity

Ask students to assume that the United States

is in a recessionary period and that
consumers are worried about losing their jobs and experiencing a reduction in
wages. Each student should explain in a brief paragraph how this fear among
consumers will be reflected in GDP.


Resources



LAP

MBA

Res
earch
and Curriculum Center

(2011
).
Measure up

[LAP: EC
-
001
].
Columbus, OH: Author
.

MBA

Research
and Curriculum Center

(2011
).
Measure up: Instructor copy

[LAP:
EC
-
001
]. Columbus, OH: Author
.



Textbooks

Abel, A. B., & Bernanke, B. S. (2005).
Macroeconomics

(5
th

ed.) [pp.

28
-
32
]. New
York: Pearson Addison Wesley
.

Bovée, C. L., & Thill, J.V. (2008).
Business in action

(4
th

ed.) [p
.

20].
Upper Saddle
River, NJ: Pearson Prentice Hall.

Burrow, J.L. (2006).
Marketing

(2nd ed.) [
pp. 482, 494
]. Mason
, OH:
Thomson/South
-
Western.

Clark, B., Sobel, J., & Basteri, C.G. (2010).
Marketing dynamics: Teacher’s edition

(2
nd

ed.) [p
p
.
114
-
116
]. Tinley Park, IL: Goodheart
-
Willcox Company, Inc.

Clayton, G.E. (2005).
Economics: Principles & Practices
(pp. 341
-
344, 350
-
368).
Columbus, OH: Glencoe/McGraw
-
Hill.

Business Management


Week 3


9


Clayton, G.E. & Giesbrecht, M.G. (2004).
A guide to everyday economic statistics
(6
th

ed.) [pp. 15
-
27]. New York: McGraw
-
Hill/Irwin.

Dlabay, L.R., Burrow, J.L., & Kleindl, B. (2009).
Intro to busin
ess

(7
th

ed.) [pp. 34
-
35,
38, 40]. Mason, OH: South
-
Western Cengage Learning.

Farese, L. S., Kimbrell, G., & Woloszyk, C. A. (2009).
Marketing essentials

(p
p
.
61
-
63
). Woodland Hills, CA: Glencoe/McGraw
-
Hill.

McConnell, C.R. & Brue, S.L. (2005).
Economics: Principles, problems, and policies
(16
th

ed.) [pp. 112
-
126]. New York: McGraw
-
Hill/Irwin.

Miller, R.L. (2005).
Economics: Today and tomorrow
(pp. 343
-
348). Columbus, OH:
Glencoe/McGraw
-
Hill.

Miller, R.L., & Stafford, A.D. (2010).
Economic
education for consumers

(4
th

ed.) [p
p
.
580
-
581
]. Mason, OH: South
-
Western Cengage Learning.

O’Sullivan, A. & Sheffrin, S.M. (2003).
Economics: Principles in action
(pp. 57
-
58,
301
-
324). Upper Saddle River, NJ: Prentice Hall.

Sexton, R.L. (2003).
Essentials

of economics
(pp. 272
-
292). Mason, OH:
Thomson/South
-
Western.



Software/


Online

AmosWEB. (2000
-
2011
).
Double
counting.
Retrieved May 12,

201
1,
from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=double+counting

AmosWEB. (2
000
-
2011
).
Government purchases.
Retrieved
May 12,

201
1
, from
http://ww
w.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=government+purchases

AmosWEB. (2000
-
2011
).
Gross private domestic investment.
Retrieved
May 12,

201
1
, from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=gross+private+domestic+investment

AmosWEB. (2000
-
2011
).
Gross Domestic Product.
Retrieved
May 12,

201
1,

from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=gross+domestic+product

AmosWEB. (2000
-
2011
).
Net exports of goods and services.
Retrieved
May 12,

201
1
, from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=net+exports+of+goods+and+services

AmosWEB. (2000
-
2011
).
Personal consumption expenditures.
Retrieved
May 12,

201
1
, from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=personal+consumption+expenditures

AmosWEB. (2000
-
20
11
).
Underground economy.
Retrieved
May 12,

201
1,

from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=underground+economy


Investopedia. (2011).
What is GDP and why is it so important?

Retrieved May 12,

201
1, from
http://www.investopedia.com/ask/answers/199.asp


MBA

Research
and Curriculum Center (201
1
).
Measure up

[LAP: EC
-
001

Presentation Software]. Columbus, OH: Author.

QuickMBA. (1999
-
2010
).
Gross Dom
estic Product (GDP).
Retrieved
May 12,

201
1
,
from
http://www.quickmba.com/econ/macro/gdp/


Business Management


Week 3


10


Knowledge/

Skill
Statement

Understands the economic principles and concepts fundamental to busi
ness
operations




Instructional
Area

Economics




Performance
Element

Understand

economic indicators to recognize economic trends and conditions.




Performance
Indicator

Discuss the impact of a nation’s unemployment rates (EC:082)
(REVIEW)




Level

Specialist



SCANS

Information 5, 7; Systems 15; Basic Skills 1
-
2, 5
-
6; Thinking Skills 11
-
12



21
st

Century
Skills

Financial, Economic, Business and Entrepreneurial Literacy 2; Critical Thinking and
Problem Solving Skills 1, 3; Communication



Objectives

a.

Define the following terms: unemployment rate, frictional unemployment,
structural unemployment, cyclical unemployment, seasonal unemployment,
technological unemployment, and full employment.

b.

Discuss individual costs of unemployment.

c.

Describe economic benefits of unemployment.

d.

Explain theories of the causes of unemployment.

e.

Explain why the unemployment rate understates employment conditions.

f.

Describe the costs of unemployment for a nation.



Sample

Activity

Instruct students
to determine the current unemployment rate in their state, and
compare this with the national unemployment rate. Students should then identify
ways that the state’s fiscal policy might account for the differences identified. Engage
the students in a class
discussion about their findings.



Resources




Textbooks

Abel, A. B., & Bernanke, B. S. (2005).
Macroeconomics

(5
th

ed.) [pp.

94
-
101
]. New
York: Pearson Addison Wesley.

Clark, B., Sobel, J., & Basteri, C.G. (2010).
Marketing dynamics: Teacher’s editio
n

(2
nd

ed.) [
p
p.
121
-
122
]. Tinley Park, IL:
Goodheart
-
Willcox Company, Inc.

Clayton, G.E. (2005).
Economics: Principles & Practices
(pp. 382
-
387). Columbus,
OH: Glencoe/McGraw
-
Hill.

Clayton, G.E. & Giesbrecht, M.G. (2004).
A guide to everyday economic statistics
(6
th

ed.) [pp. 70
-
75]. New York: McGraw
-
Hill/Irwin.

Dlabay, L.R., Burrow, J.L., & Kleindl, B. (2009).
Intro to business

(7
th

ed.) [p.
36
].
Mason, OH: South
-
Western Cengage Learning.

Farese, L. S., Kimbrell, G., & Wol
oszyk, C. A. (2009).
Marketing essentials

(p.

64
).
Woodland Hills, CA: Glencoe/McGraw
-
Hill
.

McConnell, C.R. & Brue, S.L. (2005).
Economics: Principles, problems, and policies
(16
th

ed.) [pp. 135
-
140]. New York: McGraw
-
Hill/Irwin.

Miller, R.L. (2005).
Eco
nomics: Today and tomorrow
(pp. 451
-
453). Columbus, OH:
Glencoe/McGraw
-
Hill.

Miller, R.L., & Stafford, A.D. (2010).
Economic education for consumers

(4
th

ed.) [p
p
.
581
-
582
]. Mason, OH: South
-
Western Cengage Learning.

O’Sullivan, A. &

Sheffrin, S.M. (2003).
Economics: Principles in action
(pp. 212
-
213,
331
-
336, 351). Upper Saddle River, NJ: Prentice Hall.


Business Management


Week 3


11


Sexton, R.L. (2003).
Essentials of economics
(pp. 246
-
258). Mason, OH:
Thomson/South
-
Western.



Software/


Online

AmosWEB.
(2000
-
201
1
).
Cyclical unemployment.
Retrieved from
http://www.amosweb.com/cgi
-

May 12,

201
1
,
bin/awb_nav.pl?s=wpd&c=dsp&k=cyclical+unemployment

AmosWEB. (2000
-
201
1
).
Frictional unemployment.
Retrieved
May 12,

201
1
, from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=frictional+unemployment

AmosWEB. (2000
-
201
1
).
Full employment.
Retrieved
May 12,

201
1
, from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=full+employment

AmosWEB. (2000
-
201
1
).
Seasonal unemployment.
Retri
eved
May 12,

201
1
, from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=seasonal+unemployment

AmosWEB. (2000
-
201
1
).
Structural unemployment.
Retrieved
May

12,

201
1
, from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=structural+unemployment

AmosWEB. (2000
-
201
1
).
Unemployment rate.
Retrieved
May 12,

201
1
,

from
http://www.amosweb.com/cgi
-
bin/awb_nav.pl?s=wpd&c=dsp&k=unemployment+rate

Chapter 6

: Unemployment.
(n.d.). Retrieved
May 12,

201
1
, from
http://www.oswego.edu/~edunne/200ch6.html

Search.com. (2010).
Unemployment.

Retrieved
May 12,

201
1
, from
http://www.search.com/reference/Un
employment