Economic Lesson Plans - Edition I Unit 2
Unit 2 - Describe the nature of business to show its contributions to society.
- Lesson 7: Business Structures. Compare and contrast the functions and constraints facing economic institutions including small and large businesses, labor unions, banks, and households.
- Lesson 8: Circular Flow and the National Economy. Using the concept of circular flow, analyze the roles and the relationships between households, business firms, financial institutions, and government and non-government agencies in the economy of the United States.
- Lesson 9: Relationship Between Expenditures and Revenue (Circular Flow). Using the circular flow model, explain how spending on consumption, investment, government, and net exports determines national income; explain how a decrease in total expenditures affects the value of a nation's output of final goods and services.