Podcast
Questions and Answers
According to the characters, what economic factor primarily affects people's willingness to spend on eco-friendly products?
According to the characters, what economic factor primarily affects people's willingness to spend on eco-friendly products?
- Interest rates on loans for green businesses
- High inflation reducing disposable income (correct)
- Government subsidies for sustainable products
- Availability of green jobs in the local economy
From the characters' discussion, what is the direct impact of rising interest rates on new green businesses?
From the characters' discussion, what is the direct impact of rising interest rates on new green businesses?
- Greater difficulty in securing loans to start up. (correct)
- Reduced operational costs due to lower inflation.
- Easier access to government grants and funding.
- Increased consumer spending on environmentally friendly products.
What is the primary reason the characters emphasize analyzing local economic trends for their CW1 memo?
What is the primary reason the characters emphasize analyzing local economic trends for their CW1 memo?
- To prioritize global environmental concerns over local issues.
- To solely focus on national policies.
- To avoid discussing national-level economic issues.
- To understand how national trends impacts their specific community. (correct)
According to the characters' discussion, which aspect of the PESTLE model is most directly relevant to analyzing the feasibility of a green business?
According to the characters' discussion, which aspect of the PESTLE model is most directly relevant to analyzing the feasibility of a green business?
How do political decisions (Week 5) and economic tools (Week 6) work together?
How do political decisions (Week 5) and economic tools (Week 6) work together?
What is the definition of 'public borrowing,' according to the glossary?
What is the definition of 'public borrowing,' according to the glossary?
What key concept is defined as 'when prices keep rising, and your money buys less than before'?
What key concept is defined as 'when prices keep rising, and your money buys less than before'?
Based on the context provided, how does the 'external environment' affect businesses?
Based on the context provided, how does the 'external environment' affect businesses?
From the context about Week 5 and Week 6, what type of analysis are the characters building for their CW1 memo?
From the context about Week 5 and Week 6, what type of analysis are the characters building for their CW1 memo?
What is the definition of 'interest rates' given in the glossary?
What is the definition of 'interest rates' given in the glossary?
If a city has high unemployment and the government funds green jobs, what opportunity does Elena suggest this presents?
If a city has high unemployment and the government funds green jobs, what opportunity does Elena suggest this presents?
Where is Ayesha planning to research inflation data and green investment news?
Where is Ayesha planning to research inflation data and green investment news?
Which of the following best describes Mateusz's area of academic interest?
Which of the following best describes Mateusz's area of academic interest?
What is Elena's primary focus in her career and studies?
What is Elena's primary focus in her career and studies?
What is the main goal of monetary policy as defined in the glossary?
What is the main goal of monetary policy as defined in the glossary?
According to Ayesha, what is the general relationship between inflation and people spending money on eco-friendly items?
According to Ayesha, what is the general relationship between inflation and people spending money on eco-friendly items?
When is declared a 'recession'?
When is declared a 'recession'?
According to the Week 6 discussion, what does "fiscal policy" entail?
According to the Week 6 discussion, what does "fiscal policy" entail?
What is the use of the PESTLE model?
What is the use of the PESTLE model?
Which country is Ayesha from and what is her primary academic interest?
Which country is Ayesha from and what is her primary academic interest?
Flashcards
Inflation
Inflation
When prices consistently rise, reducing the purchasing power of your money.
Interest Rates
Interest Rates
The cost to borrow money, or the reward for saving, often controlled by the central bank.
Fiscal Policy
Fiscal Policy
Government decisions that involve spending and taxation policies.
Monetary Policy
Monetary Policy
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Recession
Recession
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Public Borrowing
Public Borrowing
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PESTLE Model
PESTLE Model
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External Environment
External Environment
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Study Notes
- The scenario involves a catch-up chat in Week 6 of a course, focusing on contextual understanding.
- The characters are Ayesha, Mateusz, and Elena.
Characters
- Ayesha is from Bangladesh, with interests in sustainability and social business.
- Mateusz is from Poland and enjoys economic theory and politics.
- Elena is from Romania, a practical thinker with a focus on job skills and future career.
Class Discussion
- The discussion begins with understanding inflation and interest rates, which are causing confusion.
- Week 6 covered fiscal policy, monetary policy, and public borrowing, all of which relate to how governments address economic problems.
- It's important to understand economic principles, as it affects how green businesses start and grow.
- Inflation can deter people from spending on eco-friendly products, as thing becomes expensive.
- Higher interest rates create a barrier to entry for new green businesses seeking loans.
Week 5 & 6
- Week 5 covered the political environment, while week 6 covered economic forces of inflation, debt, interest rates.
- Government policies and economic conditions should be considered when analyzing the external environment for CW1.
- The PESTLE model is important, especially the Political, Economic, and Environmental aspects.
Inflation
- When prices keep rising, and your money buys less than before.
Interest rate
- The cost of borrowing money or the reward for saving.
- They are controlled by the central bank.
Fiscal policy
- Government decisions about spending and tax.
Monetary policy
- How the Bank of England controls money and inflation (e.g., interest rates).
Recession
- When the economy shrinks for two quarters (6 months) in a row.
Public borrowing
- When the government spends more than it collects in taxes and borrows the rest.
PESTLE model
- A tool to analyse external environment: Politics, Economy, Society, Tech, Law, Eco.
External Environment
- All the outside factors that affect a business — not controlled by the business itself.
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