This document outlines activities and assignments for a tutorial on macroeconomic stability. It includes instructions to read documents on unemployment rates among ethnicities in the UK and debate whether to nationalize British banks. Students are also asked to read an excerpt from the UK Chancellor's 2013 autumn statement and discuss the expected benefits of fiscal policies. Guidance is provided on structuring an essay introduction with background, discussion context, and aims/objectives, as well as including a conclusion that restates the main question and summarizes key points.

1. Global Context of
Modern Business
Tutorial 11
Macroeconomic Stability
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2. Activity 1
• Read the ‘House of Commons Library Standard Note SN/6385 - 2012’ on
unemployment and ethnicity in the UK
• Proceed to synthesise the main descriptive
statistics and identify
– Potential social/economic costs of unemployment
across ethnicities
– Reflect on how the Coalition could provide
mobility opportunities to the marginalised
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3. Activity 1
Source: ONS 2013
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4. Activity 1
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5. Activity 1
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6. Activity 2
• Read Mini-case 7.4 ‘Nationalising British
Banks’ p199 in Wetherly and Otter (2011)
• Hold a debate within the groups of 5/6 on
– Where half of the group argues for and the other
half of the group argues against letting a UK bank
such as Northern Rock – go bust
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7. Activity 2
• Towards the end of 2008
– (result of irresponsible lending)
•
•
•
•
•
•
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Accumulation of bad debt
Flow of credit ceased
Financial turmoil
No inter-bank and bank-consumer lending
UK authorities poured cash into troubled banks
Part-nationalisation

8. Activity 3
• Read the exerts of ‘Chancellor George
Osborne’s Autumn Statement 2013 Speech’
and discuss the expected benefits of each
fiscal policy
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9. Assignment
• Introduction
– A clear paragraph to set the background and
introduction
• Structure of the essay
• Context of discussion
• Aims and objectives
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10. Assignment
• Main body
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11. Assignment
• Conclusion
– A clear paragraph to summarise the key points
from discussion
– Restating the main question and/or aim of the
essay
– Summary of what has been discusses (attributes,
relationships and associations discussed)
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