Macroeconomic Environment of Business

The aim of this unit is to provide students with a knowledge and understanding of the macro-economic environment confronting business with specific reference to the United Kingdom. The unit builds on the Business Economics unit studied at level one to provide students with an awareness of the wider fiscal and monetary environment within which firms operate. The unit will also prepare students wishing to choose the Economics of International Business or Finance pathways at level three with the necessary theoretical and policy foundation for the study of more advanced units. The unit will pay particular attention to the way in which macro-economic policy impacts on business. An added concern of this unit will be the relationship between economic activity in the UK and that of the wider global economy, with specific reference to the European Union. The unit aims to equip students with sufficient knowledge and understanding of basic macro-economic principles to follow and understand economic affairs in the newspapers and television.