Learning Objectives (Week One)

Define business and identify potential risks and rewards.

Define economics and describe the two types of economic systems: capitalism and command economy.

Identify the ways to measure economic performance.

Understand what is meant by business ethics.

Identify the types of ethical concerns that arise in the business world.

Identify the steps a business must take to implement a program of social responsibility.

Explore the methods by which a firm can organize for and enter into international markets.

Discuss the restrictions nations place on international trade, the objectives of these restrictions, and their results.

Outline the extent of international business and the world economic outlook for trade.

Discuss international trade agreements and international economic organizations working to foster trade.

Find an example, illustration, or application ofthisweek'stopic from any source listed in this week's assignment.Pleasepost yourexample to the class (roughly 250+ words) and tie itvery specificallyinto one or more of theconcepts under discussionthis week.I don't generally count words, however I will from time to time double check the count.

the article no more than 5 years.