Jobs, Companies, and the Economy: Basic Concepts for Employees


5 hours

  What Students Learn:
  • Recognition of how the economy affects the actions of companies, employees, consumers, and investors.
  • The concept of capitalism and the principles of supply and demand.
  • How government policies affect the amounts of saving, spending, and investing by companies and individuals.
  • Understand economic measuring tools such as the inflation rate, the unemployment rate and Gross Domestic Product (GDP).
  • How labor is divided into three employment sectors and how wages are set, including the influence of labor unions and the benefits of a multi-functional workforce.
  • Recognition of how both the employee and the company must compete in an increasingly international marketplace.

      Special Notes:
    This updated course replaces How Our Economic System Works, study unit 6606, and Economics Today, study unit 186034.



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