1BSc (Hons) Business ManagementAssignment BriefModule DescriptionBusiness enterprises are strongly influenced by the economic environment in which they operate.An understanding of how government economic policies can affect the business environment istherefore essential for the effective management of organisations. This module considers some ofthe principal economic influences on the business environment before examining the specific role ofgovernment monetary and fiscal policy. The module concludes by examining the role of capitalmarkets in raising finance for investment. Module TitleBusiness Management and Macro-Economic PolicyModule CreditValue20Module LevelFoundationModule CodeLSME 007Academic Year2020-2021/ Term 3 Sept 2020 G1LecturerHarsha SubhashanaLearningOutcomesOn successful completion of this module students will be able to:1. Understand and explain the principal economic factors that can affect thebusiness environment2. Demonstrate an understanding of how monetary policy affects the realeconomy3. Demonstrate an understanding of how fiscal policy affects the real economy4. Discuss the role of capital markets in financing long term investmentIssue Date25-03-2021SubmissionDeadlineProject Report: 27-05-2021 4PMSignature ofAssessorHarsha Subhashana 2Assessment TaskProject Report 3000 words +/- 10%The word count excludes references, bibliography, images, diagrams, table and appendices.Total Weighting: 100%Intended Learning Outcomes: 1,2,3 and 4In this assignment, you are required to write a project report demonstrating knowledge andunderstanding of principal economic factors that can affect the business environment. Further, thereport should demonstrate the understanding of the impact of monetary and fiscal policy on theeconomy. The report should then extend to discuss the role of capital markets in raising finances forlong term investment. The report should broadly evidence the following:• Understanding of economic issues such as government policies, labour markets, incomedistribution and employment, and their impact on the business environment.25 Marks• Understanding of monetary policy and supply and demand for money. Implications of differentaspects of the demand for money.25 Marks• Understanding of fiscal policies focussing on taxation and its macro-economic effects, socialsecurity contribution, pensions, and benefits. As part of the explanation of fiscal policies, thereport should also evidence an understanding of public expenditure deficits and thesustainability of public debt.25 Marks• Discussion on the role of various primary and secondary capital markets such as stock marketsand bond markets in raising money for investment. The report should also include a discussionon crowdfunding and cryptocurrencies.25 Marks[Total = 100 Marks]3Indicative Marking Criteria GradeCriteriaA* 80%+High FirstAn excellent answer will have the following attributes: An excellent understanding of economic issues and their impact on thebusiness environment An excellent understanding of monetary policy and its impact on theeconomy An excellent understanding of fiscal policy and its impact on the economy An excellent account of capital markets explaining their role in raising thelong term finance. Exceptionally well-structured and well-presented report Full reference accurately in the Harvard style of referencingA70-79%First ClassAll components will have been submitted, and the remaining criteria will be asnoted for the 80%+ marking band. However, in one or two areas student maynot have demonstrated the skills as noted in the 80%+ band.B60-69%Upper SecondThe answer in this band of marks will have the following attributes: A very good understanding of economic issues and their impact on thebusiness environment. A very good understanding of monetary policy and its impact on theeconomy A very good understanding of fiscal policy and its impact on the economy A very good account of capital markets explaining their role in raising thelong term finance. A well-structured and coherent work written in correct English with someminor errors Full reference accurately in the Harvard style of referencing with someminor omissionsC50-59%Lower SecondAll components will have been submitted, and the remaining criteria will be asnoted for the 60-69% marking band. However, there will be some gaps inknowledge and analysis.D40–49%Third ClassThe answer in this band of marks will have the following attributes: A satisfactory understanding of economic issues with a limitedunderstanding of the impact of economic issues on the businessenvironment. A satisfactory understanding of monetary policy with a limitedunderstanding of its impact on the economy A satisfactory understanding of fiscal policy with a limited understanding of its impact on the economy An adequate level of understanding of capital markets with a limitedunderstanding of their role in raising long term finance. The work will have some noticeable errors in the English Language. References and citation of all the sources not included 4 F30-39%FailThe answer in this band of marks will have the following attributes: An insufficient understanding of economic issues with a very limitedunderstanding of the impact of economic issues on the businessenvironment An insufficient understanding of monetary policy with a very limitedunderstanding of its impact on the economy An insufficient understanding of fiscal policy with a very limitedunderstanding of its impact on the economy An inadequate level of understanding of capital markets with a verylimited understanding of their role in raising the long term finance Many mistakes in grammar or sentence construction The references list not complete and not in the Harvard referencing styleF0–29%Poor FailThe answer in this band of marks will have the following attributes: Largely inaccurate with a very limited or no understanding of economicissues Very limited or no understanding of monetary policy Very limited or no understanding of fiscal policy Very limited or no understanding of capital markets with no discussion onthe role in raising the long term finance Many mistakes in grammar or sentence construction Citations and bibliography are incorrect or missing The work may be incomplete or too brief Completing the tasksTo complete the Assignments, you will need to research different information sources such astextbooks, journals, articles, and the Internet. You are also required to develop skills in the analysisof information. Analysis requires you to critically examine different aspects of a topic and identifyrelevant issues. Discussions with your peers and friends will also help you to understand the relevantdata analysis and presentation techniques that can be applied to different perspectives of thecollated data provided.Please Note: Make use of information on assignment preparation and command verb usage in yourMoodle Platform.Helpful informationCore Texts• Dastidar, S.G. (2017), Capital Markets and Investments: Essential Insights and Concepts forProfessionals. New York, Reading Light Publication• Gillespie, A. (2019), Economics for Business. Oxford, OUP• Peto, R. (2014), An Introduction to Monetary Theory. Nordenstedt, GRIN Verlag• Rinaldi, G. (2019), Economics for Policy Makers: A guide for Non-Economists. London,Routledge• Ward, D., Begg, D. (2016), Economics for Business. Maidenhead, Mc Graw Hill EducationAdditional texts• John Sloman, Dean Garratt, Jon Guest, Elizabeth Jones (2019) Economics for Business 8thEdition, Pearson Higher Education, Pearson UK• Moore McDowell (2012) Principles of Economics (UK Higher Education Business Economics)McGraw-Hill Education – Europe• Mankiw Gregory. N., Taylor, Mark. P. and Ashwin Andrew (2017) Business Economics,Centage Learning5Referencing your workReferences to relevant academic theory and research findings should be provided and citedappropriately using the Harvard system of referencing. An example of this referencing style is asfollows:Sillah, D. (2007). ‘Screening of TB in the Gambia’. Journal of Epidemiology, 1 (2), pp.34-56Author/s name and initials are listed first, followed by the year of publication in brackets. Then thereis the title of the article and the journal where the article appears, which is in italics. Finally, state thevolume and issue number (in brackets) along with the pages where the article can be located. Includeat least two in-text citations and references in each assessment criterion. Further information on theHarvard System of referencing is on your Moodle Platform.Note: Do not use Wikipedia as a source of reference.Academic MalpracticeYou are required to independently work on the tasks when preparing this assignment, and you arereminded of the need to avoid the risk (intentionally or unintentionally) of committing academicmalpractice. In particular, presenting another learner’s work as yours or taking information from anysources without correctly acknowledging the source can constitute academic malpractice. You areexpected to submit your work using the Turnitin software that is provided by the school. Please notethat your work may be subject to penalties and/or cancellation if academic malpractice has takenplace. The Turnitin similarity report can highlight where academic sources have not been referencedappropriately/effectively, and this could result in a concern being highlighted around possibleplagiarism (one form of academic malpractice where sources have been used without properacknowledgement). Make sure you read over your work carefully and ensure that all sources ofinformation have been acknowledged to avoid any untoward investigations that would result in adelay in your achievement of the module. Further information on academic malpractice (includingplagiarism) and potential consequences are available in your student handbooks.PresentationPresent a document with a word count of 3000 words (+/- 10%) excluding references, bibliography,images, diagrams, table, and appendices. The word count should be stated in the assignment coversheet and please note you will be penalised for exceeding the word limit. Work must be submitted ina folder, word-processed in a suitable format of 12-point font, 1.5-line spacing and pages numbered.SubmissionWhen submitting your assignment, you must include:• An Assignment Submission Sheet/ Assignment Front Cover• Other documents required by your lecturer as evidence of achievement.• All assignments should be submitted via TurnitinSubmission deadlines must be strictly observed. Therefore, disciplined time management isessential when producing this assignment. Failure to meet deadlines will be considered as a failureby non-submission. You will only have the opportunity for one resubmission of a differentassignment. Refer to the Student Handbook for more information.End of Assignment Brief
