Circular Flow of Income – Individual Essay 2. Business Environment – Individual Case Study - Essay Prowess

Circular Flow of Income – Individual Essay 2. Business Environment – Individual Case Study

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Assignment Brief

Course/Programme:BA (Hons) Business Studies with Foundation
Level: Foundation Year 0 (Level 0) Year 2 Level 4   
Module Title:Contemporary Business Environment
Module Leader:Douglas Darkwah
Assignment title:1. Circular Flow of Income – Individual Essay 2. Business Environment – Individual Case Study
Assignment number:1 and 2
Weighting:1. Individual Essay – 50% 2. Individual Case Study – 50%
Date given out:02/09/2022
Submission date:Assessment 1 – 14/10/2022 Assessment 2 – 14/11/2022
For late submission, please check CCCU Taught regulation (page 28 on late submission) and Extenuating Policy:CCCU Taught regulation   CCCU Extenuating Circumstances Policy
Method of submission:XOnline only Online and paper copy
Special instructions for submission (if any): 
Date for results and feedback (please note the final grade is subject to the main CCCU assessment Board)Assessment 1 – 04/11/2022 Assessment 2 – 05/12/2022
Learning outcomes assessed:LO1, LO2, LO3 and LO4.

TASK DESCRIPTION – ASSIGNMENT 1 (Individual essay 50%)
TASK 1

The UK’s government is undertaking a study to understand the economic impact of some domestic and global events. You have been contacted as a consultant of the business environment to present a report to the government by answering the following questions.

  1. Using the circular flow of income, explain the main impacts of the ongoing war in Ukraine on the UK’s economy? Consider both the short-term and long-term economic impacts.  (Approximately 400 words)
  • (Approximately 800 words)
  • What economic recommendations if any can be provided to the Central Bank of UK to remedy any negative effects of the war in Ukraine on the UK’s economy? (Approximately 400 words)

NOTE: Your work will need introduction (200 words) and conclusion (200 words).

This task addresses LOs 2 and 3.

LENGTH REQUIRED

2000 word-count. 

FORMATTING AND LAYOUT

Please note the following when completing your written assignment:

  1. Writing: Written in English in an appropriate business/academic style
  2. Focus: Focus only on the tasks set in the assignment.
  3. Document format: Essay
  4. Ensure a clear title, course, and name or ID number is on a cover sheet and a bibliography using Harvard referencing throughout is also provided.
  5. Research: Research should use reliable and relevant sources of information e.g. academic books and journals that have been peer reviewed. The research should be extensive.

The use of a range of information sources is expected – academic books, peer reviewed journal articles, professional articles, press releases and newspaper articles, reliable statistics, company annual reports and other company information. All referencing should be in Harvard style.


 marking criteria and Student FEEDBACK – ASSIGNMENT 1

This section details the assessment criteria. The extent to which these are demonstrated by you determines your mark. The marks available for each criterion are shown. Lecturers use a similar format to comment on the achievement of the task(s), including those areas in which you have performed well and areas that would benefit from development/improvement.

Common Assessment Criteria AppliedMarks availableMarks Awarded
1. Research-informed Literature Extent of research and/or own reading, selection of credible sources, application of appropriate referencing conventions.  
Providing evidence of the appropriate reading/ references that form the basis of the insights in your essay.10 
 
2. Knowledge and Understanding of Subject Extent of knowledge and understanding of concepts and underlying principles associated with the discipline.  
Demonstrating familiarity with the selected concepts/ models used in your presentation.20 
 
3. Analysis Analysis, evaluation and synthesis; logic, argument and judgement; analytical reflection; organisation of ideas and evidence  
Demonstrating conceptual insights into the potential values of the selected academic concepts/ models.20 
 
4. Practical Application and Deployment Deployment of methods, materials, tools and techniques; application of concepts; formulation of innovative and creative solutions to solve problems.  
Applying your conceptual insights to successfully address the situations faced by your chosen organisation. Making recommendations for future plans and strategies.30 
 
5. Skills for Professional Practice Attributes in professional practice: individual and collaborative working; deployment of appropriate media; presentation and organisation.  
Quality of the presentation. Potential effectiveness in terms of getting your messages across to your intended audience.20 
TOTAL100 
Assignment Mark (Assessment marks are subject to ratification at the UoS Assessment Board.  These comments and marks are to give feedback on module work and are for guidance only until they are confirmed. )72 Hour Late Submission Penalties (tick if appropriate)%

TASK DESCRIPTION: Individual Case Study (70%)
BACKGROUND / INTRODUCTION
TASKS

 Brexit is changing the business environment for businesses within the United Kingdom. Penny Market, supermarket based in several European countries wants to invest within the UK grocery market and has contacted you as an analyst of the business environment. You are expected to present a report analysing the selling, internal and external environment and provide recommendations on how Penny Market should prepare for it. Your report should contain both the introduction and conclusion.

You are required to use relevant theories and models to properly analyse the case study.

These tasks address LOs 1, and 4

LENGTH 2000 words

Please note the following when completing your written assignment:

  1. Writing: Written in English in an appropriate business/academic style
  2. Focus: Focus only on the tasks set in the assignment.
  3. Formatting: Report
  4. Ensure a clear title, course, and name or ID number is on a cover sheet and a bibliography using Harvard referencing throughout is also provided.
  5. Research: Research should use reliable and relevant sources of information e.g. academic books and journals that have been peer reviewed. The research should be extensive.

The use of a range of information sources is expected – academic books, peer reviewed journal articles, professional articles, press releases and newspaper articles, reliable statistics, company annual reports and other company information. All referencing should be in the Harvard style.


 marking criteria and Student FEEDBACK – ASSIGNMENT 2

This section details the assessment criteria. The extent to which these are demonstrated by you determines your mark. The marks available for each criterion are shown. Lecturers use a similar format to comment on the achievement of the task(s), including those areas in which you have performed well and areas that would benefit from development/improvement.

Common Assessment Criteria AppliedMarks availableMarks Awarded
1. Research-informed Literature Extent of research and/or own reading, selection of credible sources, application of appropriate referencing conventions.  
Providing evidence of the appropriate reading/ references that form the basis of the insights in your essay.10 
 
2. Knowledge and Understanding of Subject Extent of knowledge and understanding of concepts and underlying principles associated with the discipline.  
Demonstrating familiarity with the selected concepts/ models used in your presentation.20 
 
3. Analysis Analysis, evaluation and synthesis; logic, argument and judgement; analytical reflection; organisation of ideas and evidence  
Demonstrating conceptual insights into the potential values of the selected academic concepts/ models.20 
 
4. Practical Application and Deployment Deployment of methods, materials, tools and techniques; application of concepts; formulation of innovative and creative solutions to solve problems.  
Applying your conceptual insights to successfully address the situations faced by your chosen organisation. Making recommendations for future plans and strategies.30 
 
5. Skills for Professional Practice Attributes in professional practice: individual and collaborative working; deployment of appropriate media; presentation and organisation.  
Quality of the presentation. Potential effectiveness in terms of getting your messages across to your intended audience.20 
TOTAL100 
Assignment Mark (Assessment marks are subject to ratification at the UoS Assessment Board.  These comments and marks are to give feedback on module work and are for guidance only until they are confirmed. )72 Hour Late Submission Penalties (tick if appropriate)%
Learning Outcomes tested (from module descriptor)Assessment CriteriaTo achieve each outcome a student must demonstrate the ability to:
Demonstrate an understanding on the key elements of the internal environment of organisations and the interaction with the external environment.  The essay task enables the student to demonstrate an understanding of how organisations make decisions based on the external environment. In this case, the impact that demand has had on prices of goods.
Identify how a market economy functions and the role of government within itThe case study enables the student to demonstrate an understanding of how the market economy works and the principles of government that create the framework for it.
Examine the economic environment within which businesses operate in the United KingdomIn the essay the student is required to look at the market situation within the United Kingdom, with reference to a specific business environment.
Examine the global business environment and explain why countries benefit from trade with each other.  The case study provides the student with the opportunity to look at the macro environment and at how specified countries are impacted by international economic scenarios.
  •  
GENERIC ASSESSMENT CRITERIA
Level 4
In accordance with the Framework for Higher Education Qualifications, at the end of Level 4 students will be expected to have demonstrated knowledge of the basic underlying concepts and principles of a subject, and an ability to evaluate and interpret these within the context of that area of study. They should be able to present, evaluate and interpret qualitative and quantitative data in order to develop lines of argument and make sound judgements in accordance with basic theories and concepts of their subject(s) of study. They will have learned how to evaluate different approaches to solving problems, and will be able to communicate the results of their study/work accurately and reliably, and with structured and coherent arguments. They will be able to undertake further training and develop new skills within a structured and managed environment and will havethe qualities and transferable skills necessary for employment requiring the exercise of some personal responsibility.
Level 4FAILMARGINAL FAILSATISFACTORY (3rd / Pass)GOOD (2.2 / Pass)VERY GOOD (2.1 / Merit)EXCELLENT (1st / Distinction)EXCEPTIONAL (1st / Distinction)
Category0-29%30-39%40-49%50-59%60-69%70-84%85-100%
Engagement with literature (including reading, referencing, academic conventions and academic honesty)Little or no evidence of reading and/or reliance on inappropriate sources. Views and findings mostly unsupported and non-authoritative. Referencing conventions used incoherently or largely absent.Poor engagement with essential reading.No evidence of wider reading.Reliance on inappropriate sources, and/or indiscriminate use of sources. Heavily reliant on information gained through class contact. Inconsistent and weak use of referencing.Engagement with a limited range of mostly relevant and credible sources but with some reliance on information gained through class contact. Some omissions and minor errors. Referencing conventions evident though not always applied accurately or consistently.Engagement withan appropriate range of literature, including sources retrieved independently. Some over-reliance on texts rather than other sources. Referencing may show minorinaccuracies or inconsistencies.Engagement with a wide range of literature, including sources retrieved independently. Selection of relevant and credible sources.  Generally sound referencing, with no/very few inaccuracies or inconsistencies.Engagement with an extensive range of relevant and credible literature. Consistently accurate application of referencing.Exceptional engagement with an extensive range of relevant and credible literature.High-level referencing skills consistently applied.
Knowledge and understanding (Knowledge of the basic underlying concepts and principles of a subject.)Major gaps in knowledge and understanding of the basic underlying concepts and principles of thesubject matter. Inclusion of irrelevant material.  Substantial inaccuracies.Gaps in knowledge of the basic underlying concepts and principles, with flawed or superficial understanding. Some significant inaccuracies and/or irrelevant material. Limited knowledge and understanding of the basic underlying concepts and principles within the subject area. Some elements may be missing.Knowledge of the basic underlying concepts and principles is accurate with a good understanding of the field of study but lacks depth and/or breadth.Competentknowledgeof the basic underlying concepts and principles.  Exhibits very good understanding.Excellentknowledge and understanding of the basic underlying concepts and principles of the subject.Exceptional, detailed knowledge and understanding of the basic underlying concepts and principles
Cognitiveand intellectual skills (Evaluate underlying concepts and principles of a subject and interpret qualitative and quantitative data in order to develop lines of argument and make sound judgements.)    Wholly or almost wholly descriptive work. Little or no evaluation of the underlying concepts and principles. Failure to develop arguments, leading to illogical or invalidjudgements. Minimal or no use of evidence to back up views.  Largely descriptive work, with superficial evaluation of the underlying concepts and principles. Weak interpretation of data, flawed development of arguments and judgements. Information accepted uncritically, uses generalised statements made with scant evidenceand unsubstantiated opinions. Ideas sometimes illogical and contradictory.Limitedattempt atevaluationof the underlying concepts and principles, tending towards description. Can interpret qualitative and quantitative data but with some errors. Some evidence to supportemergingarguments and judgements but these may be underdeveloped or with a little inconsistency / mis-interpretation.  Goodevaluationof the underlying concepts and principles. Can interpret qualitative and quantitative data, with minor errors. An emerging ability to use evidence to support the argument. Mostly valid arguments and logical judgements.Sound evaluationof the underlying concepts and principles. Can interpret qualitative and quantitative data accurately. Ability to devise argumentsusing evidence to make mostly appropriate and valid judgements.  Excellent evaluationof the underlying concepts and principles. Can interpret qualitative and quantitative data accurately and with some insight. Excellent ability to devise arguments using evidence and make appropriate and valid judgements.Exceptional evaluation of the underlying concepts and principles based evidence. Outstanding interpretation of qualitative and quantitative data. Exceptional ability to devise arguments using evidence and make wholly appropriate and valid judgements.
Practical skills (Different approaches to solving problems in particular contexts.)  Limited or no use of taught, basic methods, materials, tools and/or techniques. Little or no appreciation of the context of the application. Very weakevidence of different approaches to problem-solving in particular contexts.Rudimentary application of taught, basicmethods, materials, tools and/or techniques but without consideration and competence. Flawed appreciation of the context of the application. Weak evidence of different approaches to problem-solving in particular contexts.    An adequate awareness and mostly appropriate application of basic methods, materials, tools and/or techniques. Basic appreciation of the context of the application. Can identify problems in particular contexts and propose basic alternative approaches or solutions though there may be errors.A good and appropriate application of basic methods, materials, tools and/or techniques. Clear appreciation of the context of the application. Good evidence of different approaches to problem-solving in particular contextsand proposesmostly appropriate solutions.A very good application of a range of basic methods, materials, tools and/or techniques. Very good consideration of the context of the application. Very good evidence of different approaches to problem-solving in particular contexts and proposes appropriate solutions.An advanced application of a range of taught, basicmethods, materials, tools and/or techniques. The context of the application is well considered, and insightful. Excellent evidence of different approaches to problem-solving in particular contexts and proposes appropriate solutions.Exceptional levels of application and deployment skills in particular practical contexts.Outstanding identification of problems in particular contexts and formulation of wholly appropriate, thoughtful solutions / different approaches.

CBE ASSIGNMENT TEMPLATE

Executive Summary

(Present a summary of the whole work. This is not included in wordcount)

Table of Contents

1.    Introduction – (200 words)

(Present an introduction to the report. Explain what the report will be about and its purpose)

2.    Discussion and Analysis

2.1.                       Economic Impacts of the War in Ukraine on the UK (400 words)

(Just select and explain two or three factors)

2.1.1.      UK-Russia Trade

2.1.2.      Global Gas Prices

2.1.3.      Inflation

2.1.4.      Slow Economic Growth

2.1.5.      Unemployment

2.1.6.      Shortage of staple food

2.2.                       Major Recommended Economic Responses of the UK’s Government and their Implications – (1000 words – Select any 4 factors and explain their implications on the UK’s economy)

2.2.1.      Increase in Country’s Gas Production

2.2.2.      A Cut or Suspension of Import Duties on Crude Oil

2.2.3.      Increment of Universal Credit

2.2.4.      Reduction of National Insurance

2.2.5.      Increase Public Spending

2.2.6.      Introduce Small Business Support Schemes

2.3.                       Major Responses of the Bank of England and Their Implications to the UK’s Economy

(500 words – Select any 2 factors and explain their implications on the UK’s economy)

2.3.1.      Increase Interest Rate

2.3.2.      Increase Service Charges to Banks

2.3.3.      Increase the Reserve-Ratio for Banks

2.3.4.      Sustenance of Government Bonds

3.    Conclusion (200 words)

4.    References

(Provide at least 15 References)

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