Business Studies

Head of Department: Mr A George
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Business Studies provides an engaging and stimulating introduction to the world of business.  Students have the opportunity to meet real Entrepreneurs and carry out practical exercises.

In Year 10 the department provides two courses in Business Studies the V Cert qualification offered by NCFE and GCSE Business Studies from Edexcel both qualifications involve setting up a business which means that both qualifications are ideal for candidates who want a broad first taste of Business. They are useful for those about to enter the world of work or considering being their own boss.  They also provides a suitable basis for further study in Business at BTEC L3 and AS/A2 level which in turn can lead to the further study of Business or related subjects at Higher Education or employment in a range of different areas, such as business areas or Local Authorities.

Economics is delivered at Key Stage 4.

V Cert in Business and Enterprise

  • Provides learners with opportunities to link education and the world of work in engaging, relevant and practical ways,
  • Enables learners to enhance their English and mathematical competence in relevant, applied scenarios,
  • Supports learners’ development of transferable interpersonal skills, including working with others, problem-solving, independent study, and personal, learning and thinking skills
  • Learners learn aspects of marketing, finance and business ownership which are examined both internally by coursework and externally by exam.
  • Provides learners with the opportunity to be involved with a project that includes setting up a business
  • Provides learners with a route through education that has clear progression pathways into further study or an apprenticeship.

GCSE in Business Studies

  • Provides students the opportunity actively engage in the study of business and economics
  • Provides learners the chance to develop as effective and independent learners and as critical and reflective thinkers with enquiring minds
  • Provides students the skills to distinguish facts and opinions, to build arguments and make informed judgements
  • Contemporary issues are investigated using a range of local, national and global contexts
  • Provides students with range of perspectives of different stakeholders in relation to business and economic activities
  • Students investigate to what extent business and economic activity can be ethical and sustainable

BTEC level 3 is aimed at students who have a real interest in starting up their own businesses, and it looks at what is required to make it successful.  It is beneficial to have studied Business Studies at GCSE or the V Cert, but by no means compulsory.  A good ability in general arithmetical mathematics is required and the ability to write a convincing discussion on the pros and cons of a business idea.

Units studied in the BTEC course which are mandatory include:

  • The business environment
  • Business Resources
  • Introduction to marketing
  • Business communication

There is a variety of other units which can be used to make up the required credits

The course can be tailored to individual needs those studying Law or ICT can choose units which combine with their courses such as:

  • Aspects of contract and business law.

We make decisions everyday about what to buy with our money – how and why?  Firms make decisions about what to produce and how to sell it to us – are they doing it fairly?  The Government make decisions about taxes on our incomes and on our spending – is that right?  The Monetary committee make decisions about interest rates – does it matter?  Should we build more roads?

These and many other situations are there for us to try and understand.  In Economics we build models to try to explain how these things work, so we can then try to make them better.  Of course, the problem then is, better for whom?

In Economics there are rarely simple, right answers – otherwise why would the politicians disagree so often?  The subject is intellectually challenging and equally rewarding, you are even expected to argue with your teacher!

Maths GCSE or a Science GCSE at Grade B or above is a requirement to study this subject as this is an academic subject and requires the ability to visualise concepts  which are skills  similar to those needed in these subjects.

Units studied in AS Economics are:

  • Theme 1 – Introduction to Markets and Market failure
  • Theme 2 – The UK Economy – performance and policies

Units studied in A2 Economics are:

  • Theme 3 – Business Economics and Economic Efficiency
  • Theme 4 – The Global Economy

The A level syllabus in Economics is the one that is being offered by Edexcel this is now a linear two year course meaning that if the full A level is followed all exams will be completed at the end of Year 13.  This means that if the AS is followed there are two exams which match Themes 1+2 and the A2 has three exams which mixes the four Themes above.

Revision Aids:

pdf     Edexcel Micro Year 1 Theme 1 Course Companion

pdf     Edexcel Macro Year 1 Theme 2 Course Companion

pdf     Edexcel Micro Year 2 Course Companion

pdf     Edexcel Macro Year 2 Course Companion

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