TAILIEUCHUNG - Lecture Understanding business (10/e): Chapter 2 - William G. Nickels, James M. McHugh, Susan M. McHugh

Chapter 2 - Understanding economics and how it affects business. The goals of this chapter are: Explain basic economic, what capitalism is and how free markets work; analyze the trend toward mixed economies; describe the economic system of the ., including the significance of key economic indicators (especially GDP), productivity and the business cycle;. | Understanding Economics and How It Affects Business Chapter 02 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. 1. Explain basic economic; what capitalism is and how free markets work. 2. Analyze the trend toward mixed economies. 3. Describe the economic system of the ., including the significance of key economic indicators (especially GDP), productivity and the business cycle. Contrast fiscal policy and monetary policy, and explain how each affects the economy. Contrast Caitalism, Socialism, Communisim and mixed markets. LEARNING GOALS Chapter Two 2- JOHN MAYNARD KEYNES Had great influence on . economic policy. Believed if the economy was in a recession, the government should increase spending and cut taxes to stimulate the economy for a short term. Profile Wrote The General Theory of Employment, Interest and Money in 1936. 2- What Is Economics? Economics -- The study of how society employs resources to produce goods

• Quản trị kinh doanh
• Understanding business
• Business trends
• Business ownership
• Business management
• Management of human resources
• Resource development
• Dialogue and Understanding
• Development Environment
• mapping Business Process Models
• Information State Update dialogue systems
• scientific reports
• model language
• process natural language
• The dynamic business environment
• Taking risks
• Understanding economics
• Global markets
• Demanding ethical
• Socially responsible behavior
• Introduction to business
• Business systems
• Environment of business
• Business enterprise
• Business essentials
• International business
• International business management
• Distributing products
• Integrated marketing communication
• Financial information
• Financial management
• Investing opportunities
• Financial institutions
• Nonprofit organization
• Dynamic global market
• Expectancy theory
• Major benefits
• Entrepreneurial team
• Strategic planning
• Tactical planning
• Structuring organizations
• Line organization
• Operations managemen
• Production management
• Motivating employees
• Job environment
• Laws protecting employees
• Labor unions
• Nonprofit marketing
• Product development
• Sustainable Business in Vietnam
• Understanding from the industrial revolution 4 0
• Business creative innovation capacity
• Sustainable business solution
• Business in Vietnam
• Business plan
• Financing small business