"PM Stakeholder interests; conflict of expectations;Responsibilities power-influence matrix; satisfying stakeholderofobjectives; legal responsibilitiese.g. consumerorganisations legislation, employee legislation, equal opportunities and ant discriminatorylegislation, environmental legislation, health andsafetylegislation; ethical issues e.g. environment, fairtrade, global warming, chartercompliance e.g. Banking Code3 AM The allocation of scarce resources; effective use ofEconomic resources; type of economic system e.g. command,systems free enterprise, mixed,transitionalThe UK economy: size (gross domestic product,gross national product);structure; population; labour force; growth;inflation; balance of payments;balance of trade; exchange rates; trading partners;public finances (revenues,expenditure); taxation; government borrowing;business behaviour e.g.investment, objectives, risk awareness; cost ofcapital; consumer behaviour;propensity to save; propensity to spend; tastes andpreferencesPM Assignmentworkshop4 AM Economic goals; fiscal policy: control of aggregateGovernment demand;central and local government spending;policy Public Sector Net Borrowing (PSNB) andPublic Sector Net Cash Requirement (PSNCR); euroconvergence criteria,monetary policy; interest rates;quantitative easing; private finance initiative(PFI); competition policy (up-to-date legislationincluding Competition Act 1998,Enterprise Act2002); Competition Commission, Office of Fairpg. 7 0916 Trading;Directorate General for Competition);European Commission); sector regulatorse.g. Ofgem, Ofwat, Civil Aviation Authority;Companies Acts; regional policy;industrial policy; enterprise strategy; training andskills policyPM Perfect competition, monopoly, monopolisticMarket types competition,oligopoly, duopoly; competitiveadvantage, strategies adopted by firms;regulation of competition5 AM Supply and demand, elasticity ofMarket forces demand; elasticity of supply; customer perceptionsand and actions, pricingorganisational decisions; cost and output decisions; economies ofresponses scale, the short run; thelong run, multi-national and transnationalcorporations; joint ventures,outsourcing; core markets; PM Labour market trends; employee skills, technology; innovation; research and development; corecompetencies; businessenvironment (political, economic, social, technical,legal, environmental);cultural environment6 AM AssignmentworkshopPM 7 AM International trade and the UK economy; marketGlobal factors: opportunities;global growth; protectionism; World TradeOrganisation (WTO); emergingmarkets (BRIC economies – Brazil, Russia, India,China); EU membership; EUbusiness regulations andpg. 8 0916 their incorporation in to UK law; EU policiese.g.agriculture (CAP), business, competition, growth,employment, education,economics and finance, employment, environment,science and technology,regional); labour movement;workforce skills; exchange rates; trading blocs(e.g.monetary unions, common markets; customsunions, free trade areas)PM Labour costs; trade duties; levies; tariffs; customsdues; taxation regimes;internationalcompetitiveness; international businessenvironment (political,economic, social, technical,legal, environmental); investment incentives; costof capital; commodity prices; intellectual property;climate change e.g. KyotoProtocol, Rio EarthSummit; third world poverty; the group of 20 (G-20);globalfinancial stability8 AM AssignmentworkshopPM 9Assignment support week10Assignment submission1.5 Teaching EthosThe college’s approach towards teaching and learning is simple and effective. The main aim of UKCBC is to assistlearners in maximising their potential by ensuring that they are taught clearly and effectively. This will enablestudents to engage in the learning environment and promote success in both their academic studies andsubsequent career.The module tutor(s) will aim to combine lectures, workshops and tutorial activities. This environment will provideopportunities for the student to understand the course material through case study and text and to apply it in apg. 9 0916 "