Business Studies & Economics

Key Stage 4

What will my child learn in Business Studies?

While studying the three units of this course students are likely to learn a lot of new things. They will be introduced to the world of small businesses and will look at what makes someone a successful business person. Students will find out how to develop an idea and spot an opportunity, and turn that into a successful business. They will understand how to make a business effective and manage money well. Students will also see how the world around us affects small businesses and all the people involved

This course is both active and enjoyable. Students need to be good at communicating and explaining their ideas, and not afraid of learning new things and working with numbers to solve business problems. Students will learn how to be a creative thinker and how to make decisions. What’s more, they will also learn about the world of business through research and investigation, as well as through practical tasks.

How is Business Studies taught?

Students will have five lessons over a two week timetable.

How is a Business Studies GCSE assessed?

Unit 1 – This is a multiple-choice answer based examination
Unit 2 – This is a controlled assessment exam where students will research a given topic and then produce written answers under exam conditions on a local business
Unit 3 – This is a written paper that includes longer answers

Key Stage 5

Business Studies

What will my child learn in Business Studies A-Level?

Business Studies is a dynamic subject of great relevance in modern society.  If you have a lively interest in the business world and enjoy reading newspapers and journals and keeping up with current affairs then this subject will give you plenty of satisfaction.

The course involves the study of organisations within their legal, political, economic, social and technological contexts.  It looks at the business world from a range of different perspectives such as: consumer, shareholder, employee and manager views.

The syllabus includes marketing, accountancy and finance, people and operations management.  Other topics include external influences, objectives and strategy.  Assessment is via examinations.

A variety of methods will be used to help you develop an imaginative approach to problem-solving, for example case studies and role play.  The course involves independent study and contributions to discussions and presentations.

You should read newspapers and journals and gain current ideas and information from TV and radio.  The course will be teacher-led but you are expected to study independently.


Economics

What will my child learn in Economics A-Level?

Economics is based upon the central problem that, while human wants are infinite (they never end) the resources we have to satisfy them are running out.  This makes economics one of the most important studies in the world today.  Everyone is probably aware that the industrialised nations’ attempts to satisfy the wants of their peoples have led to the destruction of rain forests, pollution of the seas and global warming – things that threaten our very existence.  For this reason an understanding of economics is vital in the education of all people.

The study of economics seeks to understand how resources can ‘best’ be used for the good of society.  However, different people have very different ideas about what is ‘best’ and this leads to interesting discussions.  For example, do you agree with people who argue that the unemployed are lazy and that their benefits should be cut to encourage them to work, or those who say that benefits are vital to prevent people living in poverty?  Can you explain why people doing vital jobs like nurses earn £300 per week while footballers earn £60,000 per week? (Is this right or is it an outrage?)

Knowledge of economics is invaluable for many jobs and professions and with the current shortage of economists for many jobs and professions people with an understanding of economics are obtaining interesting and well-paid jobs.  It is also a qualification highly thought of by universities.

The course is modular which means that you can gain marks towards your final grade as you progress through the course. Successfully passing two modules at AS Level and 2 at A2 will convert to an advanced GCE.