Business Markets and the Economy Essay

P6 retrace how trade food markets are queerd in the UK (Case Study) M3 relieve why the government needs to regulate business markets P7 explain how EU requirements influence business markets in the UK D2 evaluate the upshotiveness of the regulative regime in a selected marketThe main purpose of this appellative is to describe how business markets are regulated in the UK and explain how EU requirements influence business markets in the UK.Scenario Case study givenTask 1 (ALL) Students need to consider how governments intervene in markets to regulate them (can be linked to P4). Intervention can be through taxes and subsidies which are designed to distort the market to achieve specific objectives. The work of the Competition missionary work, and the offices of the regulators for the privatised however previously state-owned monopolies, should be examined to see the purpose and effect of government intervention. Topics that can be used in a case study example (do not all need to be cover as covered in P4) market failure acknowledgment for intervention market regulation deregulation unsportsmanlike competition competition policyCompetition Commission privatisation private finance initiative government policies subsidies tax revenueThis provides express for P6 Task 2 (MOST) Students should build on the work for P4 and P6 and explain why governments intervene in markets and what the consequences of market interventions are. There are plenty of examples, inform on regularly where the regulators consider the consequences of industry performance on producers and consumers. For example, rail fares are increased each year and the proposals generate debate about balancing the interests of the dog operating companies and passengers. (not to be attempted until completion of P6)This provides reason for M3 Task 3 (ALL) Students should report on how EU policies and activities impact on UK business markets. One profitable area to consider is in relation to t une policy and how the EU has tried to put subject field flag carriers into a competitive framework which confronts matter governments protectionist practices and gives consumers a better deal. Topics that must be covered European Union the single market (free trade, harmonisation, capital, labour, proficient standards, simplified trading) monetary union social chapterThis provides evidence for P7Task 4 (SOME) Students should evaluate the effectiveness of the regulatory regime in a selected market. If the banking industry is considered accordingly the role of the fiscal Services Authority in the period before the recapitalisation of the banks will provide close to contrasting views as to its effectiveness.This provides evidence for D2 Sources of informationTextbooksGillespie A Business in Action (Hodder Arnold, 2002) ISBN 0340848200 MankiwN and Taylor M Economics (Thomson Learning, 2006) ISBN 1844801330 Marcouse I et al Business Studies (Hodder Arnold, 2003) ISBN 0340811102 sawyer beetle M The UK Economy, 16th Revised Edition (OUP Oxford, 2004) ISBN 0199266514 Sloman J and Sutcliffe M Economics for Business (Financial Times/ prentice Hall, 2004) ISBN 0273683357JournalThe EconomistNewspapersBusiness sections of broadsheet newspapersThe Financial TimesWebsitesnews.bbc.co.uk/1/hi/business/default.stm The BBC websites business section.www.bized.co.uk Bized provides a selection of teaching resources.www.direct.gov.uk/en/index.htm This is the UK governments own site and on that point are links to a range of relevant data sources.www.esrc.ac.uk/ESRCInfoCentre/facts/index27.aspx?ComponentId=7102&SourcePageId=7079 The ESRC has current UK data.europa.eu Website of the European Unionwww.ofgem.gov.uk/Pages/OfgemHome.aspx power of the Gas and Electricity Markets the regulatory authority. Each regulator has a similar site.www.statistics.gov.uk The UK Statistics Authority.www.ukpublicspending.co.uk The site has data on public spending both current and historic.