discuss….. thought for the day:. impact of business decisions on people, the economy and the...
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discuss…..
Thought for the day:
Impact of business decisions on people, the economy and the environment
How to get an A
Knowledge & Understanding
Anayslis
Evaluation
A
Grade
Application facts, terms, concepts and conventions appropriate to the syllabus; theories and techniques
Apply facts, terms, concepts, theories and techniques to business problems and issues. Link to a business.
Examine, Analyse, Interpret, Formulate, Cause and Affect, advantages & disadvantages.
Evaluate, discuss, justify, advise, recommend. reasoned explanations,
develop arguments, understand implications and draw inferences
A04
A03
A02
A01
Target Outcome Who?
Keywords
Explain why intervention in business activity is required so that social and economic objectives of the state can be better achieved•Give examples of intervention both to support and control the impact of business activity on people, the economy and the environment• Use the examples to show how outcomes differ[following intervention] and are more in line with the objectives of the state e.g. to create employment, minimise resource depletion
ALL
C UnemploymentInflationNationalisationPrivatisationCompetition laws
Show an awareness of how business decisions have an impact on others (society, environment and people)• Use examples to show how business decisions create externalities
MOST
B
Show an awareness of the main methods of government intervention•Show awareness of the main methods of intervention such as legislation•Show awareness of the influence of other agencies such as trade unions and pressure groups•Knowledge of specific legislation or specific pressure groups is NOT required
SOME
A
1.1 Business Activity
Explain why intervention in business activity is required so that social and economic objectives of the state can be better achieved
•Give examples of intervention both to support and control the impact of business activity on people, the economy and the environment• Use the examples to show how outcomes differ [following intervention] and are more in line with the objectives of the state e.g. to create employment, minimise resource depletion
What are the government objectives for intervening in
Business activity?
Pg 227 – create spider diagram on the board
3 minutes silent writing
• Explain why intervention in business activity is required so that social and economic objectives of the state can be better achieved
Types of government economic policies
Government economic policies
Fiscal policies Monetary policies Legislation Trade policies
Nationalisation
• What is it?• Why do it?• Why Privatise?
Activity - handout
3 minutes writingGive examples of interventions that support business activity on people, the economy and the environment
Give examples of interventions that Control business activity on people, the economy and the environment
Follow up: How do these interventions make the outcomes different?
p
• All got become involved in the economy (to influence unemployment, inflation, economic growth & other objectives)
• The main methods of influence are: fiscal policies, monetary policies, legislation & policies on competition & trade
• The amount of state intervention in the production decisions of business depends on the political climate of the country
Explain why intervention in business activity is required so that social and economic objectives of the state can be better achieved
•Give examples of intervention both to support and control the impact of business activity on people, the economy and the environment• Use the examples to show how outcomes differ [following intervention] and are more in line with the objectives of the state e.g. to create employment, minimise resource depletion
1. What did I learn this lesson that I didn’t know before?
PlenaryLevel achieved_____
What do you now know as a result of today’s lesson?
What are your areas for improvement? What are you going to do about this?
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