Unit 12 Global Economics
Learning hours: 60 hours
Unit level: 5
Description of Unit
This unit is one of eighteen units leading to a BTEC HND in Global Trade & Business. s是什么意思
This unit introduces learners to the global economy and the many features that make up a global economic environment. Learners will build upon knowledge they have already learned from previous economic units. Learners will study in greater depth economic concepts in particular international trade, payments, exchange rates and economic change. Learners will also enhance their rearch and analytical skills in line with the core skills needs for economic understanding.
This Unit is internally assd.
Summary of learning outcomes
To achieve this unit a learner must:
1. Describe international trade and the role of trade organisations.
2. Analy the balance of payments and exchange rate regimes.
3. Evaluate fomcworld economies
Content
1. International trade & Trade organisations
international trade: Trade theory — free trade, absolute and comparative advantage; ca for free international trade; barriers to international trade — tariff and non tariff.
The ca for protectionism.
trade organisations: World Trade Organisation and the regulation of free trade. Trading bl
ocs — EU, NAFTA
2. suspendersBalance of payments & Exchange rate
balance of payments: structure of the UK balance of payments account (current account, capital account, financial account and international investment position); recent trends in the UK balance of payments account.
chokeexchange rate: the relationship between exchange rate and the balance of payments
floating and fixed exchange rates; the single currency and the UK; effects of exchange rates on economic agents.
3. World economies
母亲节英语怎么说world economies: characteristics of NICs (Newly Industrialid Countries); current issues facing NICs; characteristics of LDCs (Less Developed Countries); current issues facing LDCs; the impact of multinationals in NICs and LDCs
Learning outcomes and asssment criteria
Learning outcomes | Asssment criteria for pass To achieve each outcome a student must: |
1. Describe international trade and the role of trade organisations. mcalls | n是什么意思 ∙ Explain free trade and absolute and comparative advantage. ∙ Identify gains from international trade. ∙ Explain barriers to trade (protectionism) and why governments sometimes create barriers to international trade. ∙ Describe the role of the World Trade Organisation in the development of free trade. |
2. Analy the balance of payments and exchange rate regimes. | ∙ Explain general trends and composition of the UK balance of payments in the last 30 years. ∙ Evaluate UK trends in trade over the last 30 years. ∙ Apprai the relationship between exchange rates and the balance of payments account. |
3. Evaluate world economies | ∙ Explain two characteristics of a NIC economy or two characteristics of a LDC. ∙ Evulate two issues facing NICs or two issues facing LDCs. ∙ Explain the impact of multinationals on NICs or LDCs |
| 一对一在线教学 | |
江门翻译
Guidance on delivery and asssment
Delivery Strategies
This unit has links with unit 3 (Economic Issues: An Introduction) and Unit 8 (Economics: Micro and Macro Theory and Application). This unit is designed to compliment other units within the syllabus of Global Trade and Business. It is esntial that learners gain an understanding of all the relevant components associated within a business and its international environment.
The teaching and learning model can be described as facilitative and directed at developing occupational competence. In terms of teaching-learning methodology, a combination of the following styles of delivery should be ud: prentation methods (lectures), discussion methods and group Work (tutorials & group tasks), lf-study methods (individual assignments). Centres should adopt a proactive approach towards the delivery if this unit by utilising reported cas from the press and media. Candidates should be encouraged to source relevant internet, journals, magazines, n
ewspapers. Learners should also be encouraged to u the articles as discussion topics within the learning environment.
Learners require access to an appropriate environment whereby they can work to produce the required evidence with supervision and direction as required. Learners should be able to discuss and consider the impact of all relevant information to their occupation/subject area and be allowed to examine various outcomes of their asssment.
欧盟英文缩写Asssment
This unit is internally assd and student can receive a pass, merit or distinction for the unit.
Students should produce a portfolio of evidence to cover the requirements of the learning outcomes. 2 or 3 written assignments and individual/group prentations would demonstrate the candidates’ understanding and analysis of this unit. Ca studies of act
ual/simulated business will provide a realistic scenario for students to explore and interpret business management principles.
