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Level 4 Diploma in Accounting and Business

Assignment workshop: drafting, feedback and improvement

AB402 · Business and the Economic Environment — Week 14 of 16

CourseAB402
Week14 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Assignment workshop: drafting, feedback and improvement

  1. Drafting against the criteria
  2. Tutor and peer feedback
  3. Improving the final submission

What you will be able to do

  • 1.1 Explain the different types of business sectors.
  • 1.2 Compare different types of businesses.
  • 1.3 Explain the advantages and disadvantages of different organisational structures.
  • 1.4 Explain the financial reporting requirements for different types of business.
  • 2.1 Assess the needs, interests and influence of a business’ stakeholders.
  • 2.2 Explain the features and influence of globalisation on a business.
  • 2.3 Apply a technique to assess the internal environment of a business.
  • 2.4 Apply a technique to assess the external environment of a business.
  • 3.1 Compare key macro-economic factors.
  • 3.2 Describe the key components of aggregate demand.
  • 3.3 Explain the term ‘circular flow of income.’
  • 3.4 Discuss how changes in aggregate demand in the economy impact on the level of economic activity of a business.
  • 4.1 Compare key micro-economic factors.
  • 4.2 Explain how prices are determined in a perfectly competitive market.
  • 4.3 Explain how changes in the conditions of supply and demand influence equilibrium price.
  • 4.4 Explain how imperfect markets can have an impact on the level of output and prices charged by a business.

Activity

Draft the assignment, get feedback and improve it before submission.

Study materials

Further resources

  • Writing Guide, 3.5: Peer review and using feedback · PDF · OpenStax, textbook chapter; pp. 92–94 · for registered students
  • Business Communication for Success, ch. 8: Feedback in the writing process · PDF · Saylor Academy, textbook chapter; pp. 290–322 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
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 Classification and Sector Analysis
  • Week 2: Legal Structures and Business Ownership
  • Week 3: Organisational Structures and Financial Reporting Frameworks
  • Week 4: Stakeholder Analysis and the Internal Business Environment
  • Week 5: External Business Environment and Globalisation
  • Week 6: Macroeconomic Fundamentals and the Circular Flow of Income
  • Week 7: Aggregate Demand and Business Activity
  • Midterm: Midterm evaluation
  • Week 9: Microeconomic Factors and Elasticity Concepts
  • Week 10: Perfect Competition and Price Determination
  • Week 11: Imperfect Market Structures, Pricing and Output
  • Week 12: Applying Business and the Economic Environment in practice:…
  • 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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