Business Economics in the Human Services Industry Practicum in Human Services.

Business Economics in the Human Services Industry

Practicum in Human Services

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Copyright

Copyright © Texas Education Agency, 2015. These Materials are copyrighted © and trademarked ™ as the property of the Texas Education Agency (TEA) and may not be reproduced without the express written permission of TEA, except under the following conditions:1) Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from TEA.2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only, without obtaining written permission of TEA.3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way.4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged.Private entities or persons located in Texas that are not Texas public school districts, Texas Education Service Centers, or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from TEA and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty.For information contact: Office of Copyrights, Trademarks, License Agreements, and Royalties, Texas Education Agency, 1701 N. Congress Ave., Austin, TX 78701-1494; phone 512-463-7004; email: [email protected]

Copyright © Texas Education Agency, 2015. All rights reserved.

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Human Services Career Pathways

Copyright © Texas Education Agency, 2015. All Rights Reserved.

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Aspects of Industries and Careers


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The Economic System


The economic system involves:• distribution of economic outputs• financial institutions• government policies• households investments• land availability• production• the allocation of economic inputs

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General Economic Systems


The economic systems include:• Barter economy• Command economic systems• Gift economy• Market economy• Participatory economics• Planned economy• Traditional economy

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Common Economic Systems


• Command • Free market• Mixed• Traditional

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Types of Economic Systems


(click on image)

https://youtu.be/5xgwYRX19VU

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Supply and Demand



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Supply and Demand


(click on image)


https://youtu.be/8-yWKgZv9JY

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Determinants of Supply and Demand



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The Business Cycle

Peak

Contraction (recession)Trough

Expansion (boom)


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Recession Stage


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Expansion Stage


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Types of Business Organizations


• Corporation• Limited liability company (LLC)• Partnership• S corporation• Sole proprietorship

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Structures within Each Business


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Management of Products and Services


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Quality-control Systems for Goods and Services


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Government Involvement


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Competition


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Spending Decisions


What? Where?

When? How?

Which item

To buy or not to buy

How to pay

Unplanned or Impulsive

From what source

Planned purchase

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References and ResourcesImages:• All photos obtained through a license with Shutterstock.com™.• Bureau of Labor StatisticsWebsites:• Bureau of Labor StatisticsEmployment Projections — 2012-2022http://www.bls.gov/news.release/pdf/ecopro.pdf• Small Business AdministrationStarting a small businesshttps://www.sba.gov• Small Business AdministrationStrategic Planning for Small Businesses online course.https://www.sba.gov/tools/learning-center-view-course/1387291YouTube™:• Supply and DemandIf you’ve only heard of one economics concept, it’s probably supply and demand. The video contains the 2-minute version of what supply and demand consist of.https://youtu.be/8-yWKgZv9JY• UniversityNow: Types of Economic SystemsNearly every society in the world bases same fundamental problem how to distribute limited resources to people in a way that will be fair.https://youtu.be/5xgwYRX19VU


http://www.bls.gov/news.release/pdf/ecopro.pdf

http://www.bls.gov/news.release/pdf/ecopro.pdf

https://www.sba.gov/

https://www.sba.gov/

https://www.sba.gov/tools/learning-center-view-course/1387291

https://www.sba.gov/tools/learning-center-view-course/1387291





Business Economics in the Human Services Industry Practicum in Human Services.

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