TO GAIN PASS LO1, AC2.1, 2.2, 2.3, Learners must select a suitable format for an article for a magazine with a readership of professional business people. Learners must make clear the importance of the micro-economic environment to business, including a definition and referring to economic terms and concepts such as supply and demand, price elasticity etc. The analysis should be detailed and clear, breaking down and examining in detail business objectives and behaviour in an economic context. Learners must use available information to make a judgment about the impact of market structures on business organisations. TO GAIN MERIT 1M1 Learners must select an appropriate business organisation which they know or can research. They must produce a balanced examination and make judgments on the effect of changes in the microeconomic business environment of their selected organisation. Task 2 TO GAIN PASS LO2, AC2.1, 2.2, 2.3, Learners must prepare and deliver a speech - This may be orally or alternatively they may provide a written transcript. Learners must make clear, by revealing detailed information, a range of determinants of national income. 11 Learners must provide detailed relevant information about the impact of a range of different government policies on an economy using examples to illustrate the points which are made. Learners must use available information to make a judgment about the impact of the macroeconomic environment on business organisations and must include a definition. They may use SWOT and PESTLE. TO GAIN MERIT 2M1, Learners must select an appropriate business organisation which they know or can research. Learners must closely examine and make a valid conclusion about the effect of changes in the macroeconomic business environment of their selected organisation. TO GAIN DISTINCTION 2D1 Learners must select an appropriate economy and time period to evaluate. Learners must examine and make reasoned judgments about the strengths and weaknesses of the impact of government policy on their chosen economy within their selected time period.