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?