SPS5004 Business in the Global Economy
Task:
Word limit 1200 words (+/-10%) (references are excluded from the word count)
Your answer should be illustrated wherever possible by examples
Candidates are permitted to retain this question paper
Your answer will be subject to electronic checking for plagiarism. It must be written in your own words (except for quotations), be properly referenced and conform to an essay structure.
That is, it must have an introduction stating the scope of the answer, paragraphs that focus on specific building blocks of the answer, and a conclusion that is based on the content of the answer and directly relates back to the subject of the answer.
Your essay must be written as a continuous discussion with no sub-headings or bullet points.
The discussion must be supported by examples, data and references cited in the text. A list of references must be provided at the end of your essay, which must cite predominantly book/journal articles and authoritative sources.
As is normal practice in the Business School, anyone found to have plagiarised material is likely to fail the module and may be subject to other disciplinary procedures.
Question:
1: Assess the factors that have contributed to trade integration in Eastern and South-eastern Asia (please see the Trade Table in the TEST UNIT, which can be copied and pasted into your answer)
2: In 2021 the United States shifted from reliance on monetary policy for the promotion of economic growth to an emphasis on fiscal policy to stimulate recovery from the effects of the pandemic, as illustrated by the $1.9 trillion ‘American Rescue Plan’. Analyse the usefulness of the circular flow of income model in identifying the main domestic and overseas impacts of this expansive fiscal policy.
3: Evaluate the issues faced by states in reducing greenhouse gas emissions and switching to a low-carbon economy through regulation, taxes and subsidies, and carbon pricing scheme.
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