Unit 1: The Context of Business
This unit covers basic macroeconomic concepts which provide the context for business. This unit will explore economic and historical information that aids in government decisions today but also provides a foundation for future decision-making. The events related to the financial meltdown of 2008 such as the bailout of AIG, Lehman Brothers, and General Motors provide teachable moments for such areas as economic policy and business cycles. This unit attempts to draw in multiple sources of information and several great documentaries that have been created lately concerning the 2008 economic crisis while giving you an introduction to the context of business. A quote referring to two business cycles that you will study still holds true today: "It's a recession when your neighbor loses his job; it's a depression when you lose yours." - Harry S. Truman
Completing this unit should take you approximately 19 hours.