Title: Analyze the role of government in business and the economy.
Course: Strategic Marketing (12152) > Section: Understanding Economics

Analysis may include

- protecting consumers
- protecting investors
- protecting the environment
- providing infrastructure for community and business growth
- supporting businesses’ development and viability
- regulating industry practices that affect the environment, consumers, and other businesses
- shaping the political climate for business development
- providing services to support citizens and businesses
- acting as a competitor
- monitoring the economy (e.g., interest rates, tax rates, bailouts).

Process/Skill Questions:

- What are some examples of unfair business practices that warranted government intervention? What effect did the intervention have?
- What are some government regulatory agencies that protect consumers? How do they fulfill their mission?
- What are the primary responsibilities of the Federal Trade Commission (FTC)?
- What is the role of the Securities Exchange Commission (SEC)?
- What federal entities are responsible for protecting employees?
- What are the advantages and disadvantages of government involvement in business?
- What are some laws that have shaped the way we do business?