Podcast
Questions and Answers
According to Mateusz, what is a key barrier for new green businesses when interest rates rise?
According to Mateusz, what is a key barrier for new green businesses when interest rates rise?
- Difficulty in borrowing money. (correct)
- Reduced concerns about the external environment.
- Easier access to government subsidies.
- Increased consumer spending on eco-friendly products.
How does Elena connect the discussion about the political environment to the green economy?
How does Elena connect the discussion about the political environment to the green economy?
- By dismissing the importance of economic factors for entrepreneurs.
- By citing Labour's promise to invest in the green economy. (correct)
- By emphasizing the impact of global trends on local businesses.
- By focusing on the effects of inflation on consumer behavior.
In the context of the discussion, what is the primary significance of examining national policies and economic trends at the local level?
In the context of the discussion, what is the primary significance of examining national policies and economic trends at the local level?
- To disregard the importance of local factors.
- To assess their direct impact on the town or city. (correct)
- To promote global expansion of green businesses.
- To understand the challenges faced by international corporations.
What is the importance of conducting an external analysis using both Week 5 (government and political goals) and Week 6 (economic forces)?
What is the importance of conducting an external analysis using both Week 5 (government and political goals) and Week 6 (economic forces)?
What does Mateusz suggest is the relevance of the PESTLE model in their CW1 analysis?
What does Mateusz suggest is the relevance of the PESTLE model in their CW1 analysis?
How does high inflation impact consumer behavior, according to Ayesha?
How does high inflation impact consumer behavior, according to Ayesha?
According to Elena, what should their CW1 memo demonstrate regarding the environment around a business?
According to Elena, what should their CW1 memo demonstrate regarding the environment around a business?
What should one consider when energy costs are rising due to global inflation, according to Ayesha?
What should one consider when energy costs are rising due to global inflation, according to Ayesha?
How might a government's focus on funding green jobs in a city with high unemployment be viewed?
How might a government's focus on funding green jobs in a city with high unemployment be viewed?
Which of these is the MOST accurate definition of inflation?
Which of these is the MOST accurate definition of inflation?
What aspects are covered by the PESTLE model?
What aspects are covered by the PESTLE model?
Which of the following scenarios best describes the effect of monetary policy?
Which of the following scenarios best describes the effect of monetary policy?
How does public borrowing relate to government spending and taxation?
How does public borrowing relate to government spending and taxation?
What is the basic cause of recession?
What is the basic cause of recession?
How can understanding fiscal policy help a green business?
How can understanding fiscal policy help a green business?
What would be considered an element of the external environment for a green business?
What would be considered an element of the external environment for a green business?
Which of the following factors would fall under the 'Political' aspect of the PESTLE analysis?
Which of the following factors would fall under the 'Political' aspect of the PESTLE analysis?
In the PESTLE model, what encompasses the 'Economic' factors?
In the PESTLE model, what encompasses the 'Economic' factors?
Why should inflation and interest rate data in Bangladesh affect global trends?
Why should inflation and interest rate data in Bangladesh affect global trends?
Why is having local council information important to this assignment?
Why is having local council information important to this assignment?
Flashcards
Inflation
Inflation
When prices keep rising, your money buys less.
Interest Rates
Interest Rates
The cost of borrowing or the reward for saving, controlled by a central bank.
Fiscal Policy
Fiscal Policy
Government decisions about spending and taxation.
Monetary Policy
Monetary Policy
Signup and view all the flashcards
Recession
Recession
Signup and view all the flashcards
Public Borrowing
Public Borrowing
Signup and view all the flashcards
PESTLE Model
PESTLE Model
Signup and view all the flashcards
External Environment
External Environment
Signup and view all the flashcards
Economic Forces (Week 6)
Economic Forces (Week 6)
Signup and view all the flashcards
Study Notes
- The case scenario involves a CW1 Catch-Up Chat in Week 6.
Characters
- Ayesha is from Bangladesh with an interest in sustainability and social business.
- Mateusz is from Poland and enjoys economic theory and politics.
- Elena is from Romania and focuses on job skills and future career.
Scene
- The after-class discussion between Ayesha, Mateusz, and Elena revolves around inflation, interest rates, fiscal policy, monetary policy, and public borrowing and how governments address economic issues.
- Elena notes that economic factors impact the start and growth of green businesses.
- Ayesha mentions high inflation rates limit consumer spending on eco-friendly products and rising interest rates hinder green businesses from securing loans, thereby creating barriers in the external environment.
- The political environment, where politicians promises investment in the green economy, is noted as positive for entrepreneurs.
- Mateusz advises analyzing the effects of national policies and economic trends on the local town or city for the CW1 memo
- Finding available opportunities is key, such as government funding for green jobs in cities with high unemployment
- Ayesha suggests businesses in green energy may grow as global inflation increases energy costs
- The environment around the business must be considered when writing the CW1 memo, not just stating "green is good"
- It's important to use actual examples to write, not just personal thought
- They plan to research local council plans and Bangladesh green investments.
Key Terms (Week 6 Focus)
- Inflation is when prices rise, decreasing purchasing power
- Interest rates are the cost of borrowing money, controlled by the central bank.
- Fiscal policy involves government decisions on spending and tax.
- Monetary policy is how the Bank of England manages inflation and money via interest rates.
- Recession is when the economy shrinks for two consecutive quarters (6 months).
- Public borrowing happens when the government overspends its tax revenue and borrows
- PESTLE model analyzes external environment: Politics, Economy, Society, Tech, Law, Eco.
- The external environment includes all outside factors that affect a business, beyond its control.
Group Discussion Prompts
- Group 1 can explore how rising inflation affects consumer choices and business costs in the green economy locally.
- Group 2 can discuss the relationship between political decisions (Week 5) and economic tools (Week 6) using real-world examples of government policies fixing economic issues.
- Group 3 can discuss which parts of the external environment from Weeks 5 and 6 should be included in the CW1 assignment memo.
- Group 4 can apply the political and economic aspects of the PESTLE model to a green business idea in a local town or city.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
