MN1014 Business Economy and Society Management


“The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist.” [Keynes (1936), The General Theory of Employment, Interest and Money.] Discuss, giving examples of how economic ideas underpin discussions about how we organise society.

The Bank of England Monetary Policy Committee (MPC) is considering raising interest rates to combat UK inflation – what are the causes of this inflation and to what extent do you agree with the MPC’s proposed solution?
How far do you agree with Mark Blyth’s characterisation of austerity as ‘a dangerous idea’?
What are the differences and similarities between classical liberal thinking and neoliberalism?
To what extent do you agree with Hayek that state planning is The Road to Serfdom?
How far do you agree with the idea of a Green New Deal?
On what grounds might mainstream economics argue that trade unions should be outlawed and to what extent do you agree?
What have been the consequences of economic policies adapted under the principles of the Washington consensus?
To what extent should governments worry about national debt?

Plagiarism is to take the work of another person and use it as if it were one’s own in such a way as to mislead the reader. Whole pieces of work can be plagiarised (for example, if a student put his or her name on another student’s essay), or part pieces, where chapters or extracts may be lifted from other sources, including the Internet, without acknowledgement. Sometimes plagiarism happens inadvertently, where students fail to read instructions about or do not understand the rules governing the presentation of work which require sources to be acknowledged. In such cases, the problem is usually identified very early in the course and can be put right through discussion with tutors. Deliberate attempts to mislead the examiners, however, are regarded as cheating and are treated very severely by boards of examiners. Any plagiarism in assessments which contribute to the final degree class are likely to lead, at the very least, to the downgrading of the degree class by one division. In the worst cases, expulsion from the University is a possibility.

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