Asssment task 1
Outcome(s)
covered 1, 2 and 3
Asssment task instructions
You have been provided with a t of structured questions that will allow you to
investigate the key aspects of the world economy. The questions will allow you to look at
the interrelationships between countries examining:
♦ how trade takes place
♦ the role of free trademyb
♦ patterns in trade
♦ exchange rate systems
♦ newly industrialid countries (NICs)
中餐英文菜单♦ less developed countries (LDCs)
Your task is to develop an oral prentation that you will deliver with the aid of relevant
visual aids — overhead projector (OHP) acetates or prentation slides. The oral
prentation should be of 15 minutes length minimum and it will be assd against a
checklist (you tutor will provide you with a copy of this). You may, alternatively, prent
your work in a written report of 1,000 to 2,000 words in length.
英文歌曲排行榜2013You will u the elements, below, to develop a portfolio of evidence. The portfolio of
evidence will be made up of material that you collect as you work through this Unit. The
anstype of material that will be in the portfolio may be:
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♦ newspaper articles
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♦ journal articles
♦ internet resources
The material that you collect should be drawn from your own rearch. Your tutor will
provide you with materials that will allow you to understand the topic and allow you to
arch for relevant evidence. You will u the material from the portfolio of evidence to
prepare your oral prentation or written report. You should avoid the temptation to
develop your prentation or write the report at the end of the Unit. It is recommended
that you prepare your prentation or report as you move through the Unit.
In order to investigate the elements, below, you are asked to assume that you are either:
董仲蠡♦ a member of the government of a nation on the periphery of Europe currently
considering the benefits that European Union (EU) membership may provide for
your nation. Your task is to u the 14 elements listed to convince the Premier of the nation of the benefits of joining the EU or
an Export Brand Manager who is providing an analysis of the current external
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environment in order that the Board of Directors can, with your assistance in the
future, develop a marketing plan for the launch of a new product
The key elements that your prentation should answer are:
1 Explain three gains from trading internationally.
2 Providing a recent example, explain what is meant by free trade.
3 Explain absolute and comparative advantage using either a worked example or an
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analysis of the changes in the United Kingdom’s (UK) absolute and comparative
advantage.
4 What is protectionism and provide two recent examples that demonstrate
arguments that governments may put forward for its u.
5 Describe two barriers to trade and provide recent examples of them.
6 Using a recent example, explain the role of the World Trade Organisation (WTO)
in the development of free trade?
7 Using a European Union (EU) initiative, discuss the role of the EU in promoting
trade.
8 Explain the composition of the balance of payments. You may explain its
composition bad on trade figures from a recent year.
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9 What are the general trends in UK trade over the last 30 years? You may do this
by examining the current balance over the period.
10 How is the balance of payments affected by exchange rates? You may provide a
basic theoretical example or recent ca to illustrate this.
11 Examine two advantages and two disadvantages of the single currency for the UK.
12 Explain two effects on individuals and two effects on business of the single
currency.
13 Using relevant examples explain two characteristics of Less Developed Countries
(LDCs).
14 Using specific examples, provide an analysis of two current issues that face LDCs.
15 Explain, with the aid of recent examples, two impacts of multinationals on Newly Industrialid Countries and LDCs.
