Business and Economics
Business and Economics
The curriculum area consists of 3 full time teachers, all of whom are required to teach across the full range of ability from Years 10 to 13 and in particular make a strong contribution to the teaching of A Level.
We are dedicated to developing a long lasting and purposeful partnership between staff, students, the rest of the school and our local community. Our purpose is to provide the opportunities, support and environment required to deliver an applied learning experience that encourages students to be lifelong learners.
The department is committed to offering a range of applied and academic courses through a caring and nurturing environment. Realistic but stretching individual targets are set for each student and through fully committed, determined and forward thinking teachers, students are given the best opportunity to fully achieve their potential.
Level 2 BTEC First in Business
We offer the Level 2 BTEC (Award) in Business at key stage 4, which not only enables students to achieve a good grounding but as a ‘hands on’ course this also develops their independent learning and all the skills associated with applied learning.
|Unit title and description||Assessment method and weighting|
|Core Units (mandatory)|
|Unit 1: Enterprise in the Business World
· Know how trends and the current business environment may impact on a business
· Plan an idea for a new business
· Present a business model for a business start-up
|Internally assessed assignment
(25% of final grade)
|Unit 2: Finance for Business
· Understand the costs involved in business and how businesses make money
· Understand how businesses plan for success
· Understand how businesses measure success and identify areas for improvement
|Externally set online test
(25% of final grade)
|Unit 3: Promoting a Brand
· Explore the use of branding and the promotional mix in business
· Develop and promote a brand for a business
|Internally assessed assignments
(25% of final grade)
|Unit 8: Recruitment, Selection and Employment
· Know about job roles and functional areas in business
· Produce documentation for specific job roles
· Demonstrate interview skills and plan career development.
Students must complete both the core units plus the two specialist units
- All achievements are graded Pass (C), Merit (B), Distinction (A) or Distinction * (A*). Results on the current BTEC are excellent with a 100% pass rate and 52% A* to A last year.
- Unit 3 – one of the businesses being studied is Cadbury and requires a visit to Cadbury World!
Level 3 BTEC National in Business
This dove tails into the Level 3 BTEC National in Business at key stage 5, where students can opt for either the Extended Certificate (equivalent to 1 A Level) or Diploma (equivalent to 2 A Levels). This course is designed to develop highly specialist, work-related skills and ultimately give students the knowledge and understanding they need to prepare for world of work.
GCE Linear A Level Business Studies
We also offer the tradition, academic line of learning in key stage 5 with GCE Linear A Level in Business and the GCE Linear A Level in Economics. Linear A Level Business allows students to develop many transferrable skills and gives an excellent insight into all aspects of business. Students will be able to make justified decisions to improve marketing, operational, financial and human resource performance. Students in Year 13 will go on to analyse, decide upon and manage strategic change. By the end of the course, students will be more confident as they will have had dealings with local and national businesses, organising themselves and their peers, communicating with a number of different stakeholders and presenting their work through a number of different media. The course prepares students to go straight into the workplace and add value to any organisation. A large proportion of our students go on to study a business related course at degree level.
GCE Linear A Level Economics
Economics is a popular course that realty tests those students who are wanting the ultimate in academic rigour. Economics is an exciting and dynamic social science that explores the concept of scarcity and the problem of resource allocation. We aim to provoke students’ logical thinking and develop their confidence and independence.
Was Royal Mail floated too cheaply? How does a rise in interest rates affect both firms and individuals? Has the progress made towards free trade brought significant economic benefits both to the UK and to the rest of the world? Is government borrowing a cause for concern? The study of Economics will help students to understand and draw opinions on the issues raised by these questions.
Economics falls into two distinct areas – Microeconomics and Macroeconomics.
Microeconomics looks at the decisions made by firms and how their actions can be affected by the structure and the characteristics of the industry in which they operate. Particular emphasis is placed on ‘The economic problem’, price determination in a competitive market, production, costs, and revenue. Students will also examine competitive and concentrated markets, the market mechanism and market failure and government intervention in markets.
Macroeconomics looks at the big picture of the national and international economy. Students will build knowledge of developments in the UK economy and government policies over the past 15 years and also examine the developments in the world economy, including the European Union and how these have affected the UK. Students will critically analyse and evaluate the effectiveness of government intervention such as demand and supply-side policies and how for instance they can improve employment levels and economic growth as well as reduce inflation and inequalities in society.
Economics teachers help students build a variety of skills relevant to their future career and life. These include, the presentation and interpretation of data in order to analyse current economic problems and the application of economic theory and models that will be useful to them as citizens, consumers and producers. Students will become well-rounded and open-minded and develop skills to think critically about the impact of their opinions and recommendations.
Economics has had a high profile since the banking crisis and credit crunch. With this, students will study new content, such as financial markets, consumer theory and behavioural economics.
Economics is highly regarded by Admissions Tutors for a wide range of courses at University. A degree in Economics might lead to careers in the City and other financial areas. Economics can also help to unlock opportunities in the public sector, such as a career in public policy making, HM Treasury, the GES, education, the list is endless! The study of Economics will also develop the analytical skills necessary in careers, such as Journalism or Law.
Students will have the opportunity to participate in revision workshops held each autumn and spring by the very best Economists in education. Students also take part in the ‘Target 2.0’ competition held by the Bank of England which involves a team adopting the role of the Bank’s Monetary Policy Committee determining the UK’s interest rate.
Enterprise days are a way that young people prepare for a world which is rapidly changing. The department recognises this, and plans these days for whole year groups in Year 8, 9 and 10. Students have the chance to develop skills for learning, life and employment in a dynamic and fun way. These days have helped students to become confident individuals and responsible members of society.
If you have a question about any of the information on this page, please contact Mr D Shaw (Head of Business and Economics)