Business bank

Teacher's Guide - List of all theories

Below is a list of all the theories that are covered in the Virtual Bank of Biz/ed site.

Types of taxation what are all the different types of taxation that the government impose and why do we need so many?
Impact of taxation - taxes have differing effects on people according to the income they earn. What are these effects?
Effects of interest rates - monetary policy is the key short to medium-term tool of economic management, but what impact do changes in interest rates have on businesses?
Surplus or deficit - do we care? - we often hear about the budget surplus or deficit. What is it and why is it important?

Unemployment - how is unemployment measured and what determines the level of it?
Inflation - how is inflation measured and what causes it?
Impact of inflation - what effects does inflation have on consumers and the economy?
Economic growth - how is economic growth measured and what contributes to it?

Effects of interest rates - monetary policy is the key short to medium-term tool of economic management, but what impact do changes in interest rates have on businesses and the rest of the economy?
Impact of interest rates on demand - how will changes in interest rates affect the level of demand in the economy and why?

Payback period - how can we calculate the payback period for an investment?
Average rate of return - how do we calculate the average rate of return for a project and how reliable is the figure?
Discounted cash flow - what is meant by discounted cash flow and why do we need to discount future income anyway?
Advantages and disadvantages of investment appraisal techniques - the pros and cons of using different investment appraisal techniques.

Internal or external? - what is meant by internal and external sources?
Raising funds - which source is best? - what are the factors that influence which source of funds a business should choose?

Advantages and disadvantages of different business structures - what are the main advantages and disadvantages of each type of business structure?
Public or private sector - which is best? - what are the factors that influence whether a business should choose to be a public limited company or a private limited company?

Step 1 - Market research - the first stage in planning is to research the market and see what sort of demand might be out there, but what techniques are available to do this?
Step 2 - Marketing mix - planning requires the establishment of a marketing mix for your product.
Step 3 - Marketing strategy - the final planning stage is the development of a strategy for achieving the planned marketing objectives.

Step 1 - Break-even - how many of a product needs to be sold to break-even?
Step 2 - Cash flow forecasting - the development of a cash flow forecast.
Step 3 - Financial statements - the production of a projected balance sheet and profit and loss account to show the expected financial performance of a business.