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Level 3 Diploma in Business Management

Government intervention and the international economy

BM302 · The Business Environment — Week 11 of 16

CourseBM302
Week11 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Government intervention and the international economy

  1. Fiscal and monetary policies
  2. Statutory regulation and taxation
  3. Globalisation and trade blocs
  4. Exchange rates and international trade barriers
  5. Fiscal and Monetary Policy | A-Level & IB Business
  6. Barriers to International Trade | Tariffs & Trading Blocs
  7. Globalisation
  8. Is UK Government action led by the economy?

What you will be able to do

  • 5.3 Explain why a national government influences a business’ economic environment.
  • 5.4 Explain how the international economy influences a business’ economic environment.

Activity

Start with this week’s 4 videos, then: Seminar, guided reading and a short written task: explain why a national government influences a business’ economic environment.

Study materials

Videos

  • Fiscal and Monetary Policy | A-Level & IB Business · YouTube · tutor2u · 4 min · for registered students
  • Barriers to International Trade | Tariffs & Trading Blocs · YouTube · Two Teachers · 10 min · for registered students
  • Globalisation · YouTube · EconplusDal · 14 min · for registered students
  • Is UK Government action led by the economy? · Oak National Academy, Key Stage 4 (GCSE level) · for registered students

Further resources

  • Principles of Economics 3e, ch. 30.2 and 30.4: Taxation and fiscal policy · PDF · OpenStax, textbook chapter; pp. 727–736 · for registered students
  • Introduction to Business 2e, ch. 3.3–3.5: Trade barriers and economic communities · PDF · OpenStax, textbook chapter; pp. 84–91 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 10Week 12
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Business activity and economic sectors
  • Week 2: Forms of business ownership
  • Week 3: Core functional areas of business
  • Week 4: Interrelationships between business functions
  • Week 5: Organisational structures
  • Week 6: Internal business auditing and SWOT analysis
  • Week 7: The external macro-environment
  • Midterm: Midterm evaluation
  • Week 9: Responding to external environmental change
  • Week 10: Microeconomic and macroeconomic influences
  • Week 11: Government intervention and the international economy
  • Week 12: Applying The Business Environment in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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