Business & Economics
Business and Economics Department
Why study Business?
Business is a relevant and practical subject that affects us all either directly or indirectly. Students that study business are introduced to businesses like Apple, Tesco and Coca Cola and the concepts they use to become leaders in their markets and sustain their market position. Business is consistently evolving and adapting in the environment that it operates, and relevant to the world in which we live today, providing students with realistic learning experiences which they will carry on into life. They learn how to use relevant terms, concepts and methods effectively to describe business behaviour.
Business students develop critical thinking skills that allow them to challenge and investigate theories of learning. Students also learn the discipline of carrying out independent research that can be transferred to further education & employment. Business students will also develop their communication skills that are highly sort after in the work place, students develop these skills through a series of presentations and in class debates.
We are offering AQA GCSE Business (8132) and look at modern business in the real world and influence on business activity. The four financial areas of marketing, HRM, operations and finance are covered. Finance and numerical work form a large part of the course.
All assessment in GCSE business is external written examinations each worth 50% of the final grade.
Paper 1 Influences of operations and human resources on business activity
Paper 2 Influences of marketing and finance on business activity
A Level Business
AQA Business (7132) looks at the concept and practicalities of Business, whilst relating back to real business scenarios. Theoretical learning looks at planning and financing of a business, managing a business and strategies for success. Students are then able to apply their theory through a series of in class discussions and debates. This encourages students to verbalise and critique business practice helping to embed theory with practical understanding.
The two year course allows students to develop a wide range of skills and learn in depth about the many functions of a business and how they interact with each other and the external environment.
Assessment in A level business is three external written examinations of 2 hours each worth 33.3% of the final grade. All topics are assessed in each paper but the style of assessment differs, ranging from essays and multiple choice questions with no stimulus material to extended responses and data response questions linked to a case study.
A Level Accounting
AQA Accounting (7127) is a practical course that focuses on how a business records its financial transactions. Some topics covered are end of year final accounts, bookkeeping, budgeting, ratio analysis and ethical considerations. Whilst a high level of ability in dealing with numbers is required many questions are written questions and students must be able to complete extended responses and essay style questions.
It is primarily aimed at those students who would like to pursue a career dealing with the financial aspects of a business. It also appeals to those students who would like to work for themselves as it provides a solid understanding of how a business manages its money. The course helps students to develop knowledge and understanding of the purposes of accounting procedures and apply them to a variety of general accounting problems.
Assessment in A Level Accounting is two external examinations of 3 hours each worth 50% of the final grade.
Why Study Economics?
Economics is one of the broadest and most challenging subjects offered at A-level. It is embedded in the fabric of society and economic issues are discussed in the media every day. As such, the content and learning in economics will be considered using real world examples, which is why a wider reading and knowledge of current affairs is so important for all economics students. Students are expected to keep up to date with contemporary issues through regular reading of economic press reports in local and national newspapers, apps and magazines such as The Economist Magazine as well as being actively engaged in the reading of financial literature.
A Level Economics
AQA Economics (7136) covers macroeconomic issues such as employment, inflation, economic growth and the United Kingdom’s international trade position. Furthermore, students will explore microeconomic content such as supply and demand, market failure, government intervention, elasticity, market structure and economic decision making.
All economics papers are a two hour written external assessment worth 33.3% of the final grade.
Paper 1: Markets and market failure
Paper 2: National and international economy
Paper 3: Economic principles and issues coverall all the content in Paper 1 & Paper 2
Popular and useful subject combinations that work well with Economics at A-level include: Mathematics, Accounting, History, Government and Politics, Geography and English Literature.
What can economics lead to?
Economics is highly respected as an A-level by universities for all sorts of courses. They know that if people have done well in Economics they will be equipped with a great deal of knowledge and skills such as attention to detail, analysis, economic modelling and evaluation, attributes that often lead students to careers in banking, accounting, actuary work, finance, politics or providing economic advice to private companies and the public sector.
Extra-Curricular and Enterprise
Students are encouraged to engage with enterprise activities throughout the year; raising money for charity. Here students will have the opportunity to develop organisation, and leadership skills.
We offer the opportunity to take part in competitions such as the BASE finance competition in Year 12 and also the Investor challenge completion in Year 11 and Year 12.
Miss Metcalf – HOD