Intro to Business – 9/29/09
I. Bellwork
A. List and explain an event that has impacted the economy in Michigan.
II. Objectives
· Describe the four phases of the business cycle
· Explain causes of inflation and deflation
· Identify the importance of interest rates
III. Economic Conditions – Chapter 2-2 pgs 38-42
A. The Business Cycle and Characteristics
1.
2.
3.
4.
B. Consumer Prices and Affects
1.
a. Causes
b. Measures
2.
C. Interest Rates
1. Affect
2. Types (7)
3. Examples
IV. Classwork
A. Checkpoint Questions & Answers (3)
B. Terms & Definitions (8)
C. Pg 42 1-3
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