The module essentially investigates a broad range of factors that impact upon a business both from
within the business itself as well as from inevitable external pressures.
The content is highly topical throughout with the first major section dealing with current world events
and how they influence business prospects. The rationale for such an introduction is to demonstrate the
contemporary nature of the subject matter as well as enabling the student to draw upon aspects of their
general knowledge.
The module moves on to analyse in depth the influence of government macroeconomic policy on the
business environment. The present economic objectives of government are assessed and a range ofpolicies are examined at the regional, national and local level. The constraint of resource availability
faced by a nation is also assessed. Policy success and policy failures are investigated against the backdrop
of the business cycle.
A large emphasis is made on how a firm approaches their own particular market via market analysis. The
importance of changing conditions of demand, and supply constraints are looked into in detail.
Subsequent changes in cost and revenue conditions are analysed depending upon the degree of
competition that the firm faces. Government intervention in markets is highlighted as a key aspect of the
mixed economy.
The success of business is dependent upon the success of the economy, which may ultimately be derived
from the political processes, and stability of a nation. As such the module also covers the impact of the
overall political environment at the international, regional, national and local level.
Thus, the module is designed to give students a broad understanding and appreciation of the business
environment. In addition to this, the module should furnish them with a knowledge of key concepts and
principles that will be drawn upon in the future both at university and in the work place. The highly
topical nature of the content should enable the student to see the relevance of their studies and enthuse
them to keep a current level of general knowledge.
The assessment methods selected have been chosen to encourage participation and the learning of
economic techniques and principles. These are then used to develop the skill of summarising key current
issues so as to produce evidenced argument in a clear, logical and sequential manner.