1. BUS101 Introduction to Business

2. Risks and Profits Business Goods Services Entrepreneur

3. Risks and Profits Revenue Profit Loss Quality of Life Stakeholders Outsourcing Insourcing Nonprofit organization Social entrepreneurs Factors of Production Land, Labor, Capital, Entrepreneurs, Knowledge

4. Risks and Profits Business Environment o Economic and Legal o Technological o Competitive o Social o Global o Ecological Productivity $63, 885 e-commerce database Big Data identity theft

5. Risks and Profits Services o 70% of US economy

6. Economics o Economics o Microeconomics o Macroeconomics o Resource Development o Adam Smith  freedom of ownership  profits o Invisible Hand o Malthusian o Capitalism

7. Economics Capitalism o Right to private property o Right to business ownership o Right to freedom of competition o Right to freedom of choice Free Market Supply Demand Supply and Demand Curves Equilibrium Point Market Price

8. Economics Perfect competition o commodity Monopolistic competition Oligopolistic Competition Monopoly Inequality Socialism Communism Mixed economies o Free-market o Command

9. Economics o Economic Indicators o GDP o Unemployment Rate o Underemployment o Price Index o Inflation o Disinflation o Deflation o Stagflation o CPI o Core inflation o PPI

10. Economics o Business Cycle o Boom o Recession o Depression o Recovery o Fiscal Policy o National Debt o Monetary Policy o Interest Rates