Assignment 3 U41 P6 M3 P7 D2
BTEC National Extended Diploma in Business
Assignment Brief – ASSIGNMENT THREE
Unit title
Unit 41 Business Markets and the Economy
Assignment
Regulation
Start date
Friday 23rd April 2014
Draft deadline date
Friday 2nd May 2014
Final deadline date
Friday 9th May 2014
Assessor
Mr Muhammad
P6 describe how business markets are regulated in the UK (Case Study)
M3 explain why the government needs to regulate business markets
P7 explain how EU requirements influence business markets in the UK
D2 evaluate the effectiveness of the regulatory regime in a selected market
The main purpose of this assignment is to: describe how business markets are regulated in the UK and explain how EU requirements influence business markets in the UK.
Scenario: Case study given
Task 1 (ALL): Students need to consider how governments intervene in markets to regulate them (can be linked to P4). Intervention can be through taxes and subsidies which are designed to distort the market to achieve specific objectives. The work of the Competition Commission, and the offices of the regulators for the privatised but previously state-owned monopolies, should be examined to see the purpose and effect of government intervention.
Topics that can be used in a case study example (do not all need to be covered as covered in P4): market failure; justification for intervention; market regulation; deregulation; unfair competition; competition policy; Competition Commission; privatisation; private finance initiative; government policies; subsidies; taxation This provides evidence for P6
Task 2 (MOST): Students should build on the work for P4 and P6 and explain why governments intervene in markets and what the consequences of market interventions are. There are plenty of examples, reported on regularly where the regulators consider the consequences of industry activity on
Assignment Brief – ASSIGNMENT THREE
Unit title
Unit 41 Business Markets and the Economy
Assignment
Regulation
Start date
Friday 23rd April 2014
Draft deadline date
Friday 2nd May 2014
Final deadline date
Friday 9th May 2014
Assessor
Mr Muhammad
P6 describe how business markets are regulated in the UK (Case Study)
M3 explain why the government needs to regulate business markets
P7 explain how EU requirements influence business markets in the UK
D2 evaluate the effectiveness of the regulatory regime in a selected market
The main purpose of this assignment is to: describe how business markets are regulated in the UK and explain how EU requirements influence business markets in the UK.
Scenario: Case study given
Task 1 (ALL): Students need to consider how governments intervene in markets to regulate them (can be linked to P4). Intervention can be through taxes and subsidies which are designed to distort the market to achieve specific objectives. The work of the Competition Commission, and the offices of the regulators for the privatised but previously state-owned monopolies, should be examined to see the purpose and effect of government intervention.
Topics that can be used in a case study example (do not all need to be covered as covered in P4): market failure; justification for intervention; market regulation; deregulation; unfair competition; competition policy; Competition Commission; privatisation; private finance initiative; government policies; subsidies; taxation This provides evidence for P6
Task 2 (MOST): Students should build on the work for P4 and P6 and explain why governments intervene in markets and what the consequences of market interventions are. There are plenty of examples, reported on regularly where the regulators consider the consequences of industry activity on