1. discuss….. Thought for the day:

2. Impact of business decisions on people, the economy and the environment

3. How to get an A Knowledge & Understanding Anayslis Evaluation A Grade Application facts, terms, concepts and conventions appropriate to the syllabus; theories and techniques Apply facts, terms, concepts, theories and techniques to business problems and issues. Link to a business. Examine, Analyse, Interpret, Formulate, Cause and Affect, advantages & disadvantages. Evaluate, discuss, justify, advise, recommend. reasoned explanations, develop arguments, understand implications and draw inferences A04 A03 A02 A01

4. TargetOutcome Who ? Keywords  Explain why intervention in business activity is required so that social and economic objectives of the state can be better achieved Give examples of intervention both to support and control the impact of business activity on people, the economy and the environment Use the examples to show how outcomes differ [following intervention] and are more in line with the objectives of the state e.g. to create employment, minimise resource depletion ALL C  Unemployment  Inflation  Nationalisation  Privatisation  Competition laws  Show an awareness of how business decisions have an impact on others (society, environment and people) Use examples to show how business decisions create externalities MOS T B  Show an awareness of the main methods of government intervention Show awareness of the main methods of intervention such as legislation Show awareness of the influence of other agencies such as trade unions and pressure groups Knowledge of specific legislation or specific pressure groups is NOT required SOM E A 1.1 Business Activity

5. Explain why intervention in business activity is required so that social and economic objectives of the state can be better achieved Give examples of intervention both to support and control the impact of business activity on people, the economy and the environment Use the examples to show how outcomes differ [following intervention] and are more in line with the objectives of the state e.g. to create employment, minimise resource depletion

6. What are the government objectives for intervening in Business activity? Pg 227 – create spider diagram on the board

7. 3 minutes silent writing Explain why intervention in business activity is required so that social and economic objectives of the state can be better achieved

8. Types of government economic policies Government economic policies Fiscal policies Monetary policies LegislationTrade policies

9. Nationalisation What is it? Why do it? Why Privatise?

10. Activity - handout

11. 3 minutes writing Give examples of interventions that support business activity on people, the economy and the environment Give examples of interventions that Control business activity on people, the economy and the environment Follow up: How do these interventions make the outcomes different?

12. p All got become involved in the economy (to influence unemployment, inflation, economic growth & other objectives) The main methods of influence are: fiscal policies, monetary policies, legislation & policies on competition & trade The amount of state intervention in the production decisions of business depends on the political climate of the country

13. Explain why intervention in business activity is required so that social and economic objectives of the state can be better achieved Give examples of intervention both to support and control the impact of business activity on people, the economy and the environment Use the examples to show how outcomes differ [following intervention] and are more in line with the objectives of the state e.g. to create employment, minimise resource depletion

14. 1.What did I learn this lesson that I didn’t know before?

15. Plenary Level achieved_____ What do you now know as a result of today’s lesson? What are your areas for improvement? What are you going to do about this?