Business Studies & Economics

Overview

Welcome to the Business and Economics department, whether students are studying GCSE, A Level or Vocational options they are guaranteed the very highest standards of teaching, enabling students to achieve grades that will assist in their chosen future careers. Further to this, the department strives to give students a real understanding of business and economics by using carefully chose case studies, support from established organisations and keeping students up to date with changes in the economic environment.

A highly successful department that values each and every student, we ask for the commitment to achieving the best grades possible and working with us to ensure this happens.  We look forward to working with you.



Key Staff

Mr Comber - Head of Department
Mr Wilson- Teacher in charge of Economics
Mr Matthews - Teacher of Economics
Mr Jackson - Teacher of Business and Economics
Miss Boots - Teacher of Business
Miss Mullane - Teacher of Business
Mr Cooling - Teacher of Business
Mr Tinsley - Linked School Governor.



Results

  • 2016 Business GCSE results were outstanding with 96% of students achieving A* - C grades, with 38% achieving A*-A
  • 2016 Business BTEC students achieved 100% A*- C equivalent KS4 and KS5
  • 2016 Business VCERT students achieved 92% A*-C equivalent at KS4
  • A Level Business students achieved 48% A*-B which again was an outstanding performance
  • A Level Economics students achieved 75% A*-B for August 2016 results


Resources

Laptops: 30 new Dell Laptops available for student/staff use. Each classroom has between 6 – 8 PCs available for use
Shared area: the Business Studies department uses a student shared area on the school network to store lessons, resources and photos
Videos: there are a number of DVDs and videos on Business and Economics available at all times
Books: online system available to all KS5 students to access the textbook remotely at any time. we also carry books for all classes in KS4 and KS5.
Exam papers: for KS5 AS/A2 students there is a range of past papers available in the shared area and a paper copy will be issued to all students to help in preparing for the Exam. Example answers and mark schemes are also available to save from the shared area.



Key Stage 4

GCSE Business Studies (WJEC)

GCSE Business Studies offers an excellent level of understanding on how businesses operate and their influence on our everyday lives. It is one of the most popular options available at KS4 in Edgbarrow school.  Assessment - 100% 2 written exams

  • Business Studies teaches students how organisations operate, the problems they face and how to overcome them
  • You will investigate the challenges and skills needed to set up a start-up organisation and what it is to be entrepreneurial
  • You will study large multinational businesses and learn how to measure their successes/failures and how to improve their performance
  • Regular discussions, presentations, real life case studies and group working are just some of the methods we use in the department to ensure students understand and access this ever changing landscape of business

 Business BTEC: Level 2 First Award

The Business BTEC first Award in Business is a two-year course designed to offer a genuine alternative to GCSE specifications. The course is designed to support and allow students to achieve their full potential whilst providing an engaging and stimulating introduction to the world of business.

The four units of study are:

  1. Enterprise in the Business World: internally assessed coursework
  2. Finance for Business: externally assessed. Unseen examination, 1 hour in length, onscreen testing
  3. Promoting a Brand: internally assessed coursework
  4. Principles of Customer Service: internally assessed coursework

The key points attached to the qualification are:

  • Equivalent to 1 grade at GCSE
  • 3 units of work over 2 years
  • 75% coursework 25% external exam (similar to controlled assessment)
  • Typically students outperform target grades

GCSE Economics (OCR)

Economics is an increasingly popular choice at KS5 achieving 75% A*-B in August 2016 A Level results. We have recently introduced KS4 Economics which has proved a popular choice.

  • Economics is the science of decision making by people, organisations and governments as to how best to allocate scarce resources, therefore, involves problem-solving
  • You will learn about the real world all around us, how it works and investigate the UK economy, forming policies to manage it and its effects on all of us
  • There are lots of discussions, debate and critical thinking in economics about a range of issues, interpretation of data and diagrams as well as research and working in groups

Students are able to access the ground level knowledge of Economics prior to undertaking their A Level Studies. Again a popular and oversubscribed option with many students continuing to read economics at University.




Key Stage 5

A Level Business - new from September 2015 (AQA)

There are three exams entitled Business 1, Business 2 and Business 3, each worth 33.3%. All three exams are synoptic and cover all of the content taught at A Level. Assessment is a mixture of multiple choice, short answer, data response and essay questions.
There are ten main themes taught across the two-year course including what businesses are, management and leadership, decision making in Finance, Marketing, Human Resources and Operations Management, strategic position, direction and methods and management of change.

Future opportunities
A-Level Business develops many skills and students gain much insight into the business world. It is, therefore, appropriate for almost any chosen career path. In particular, roles in management, finance, marketing, human resources and operations are well served. The independent and analytical thinking nature of the course prepares students well for university.

A Level Economics - new from September 2015 (Edexcel)

The new specification for economics will focus on three core areas, each with an attached exam.

Unit 1 (micro) – Markets and business behaviour – An introduction to economics and economic thought, a study of how markets work and why they fail, economic problems and models, supply and demand, market structure, costs, revenues and profit, efficiency, game theory, mergers/takeovers and labour economics (35% of A-Level).

Unit 2 (macro) – The national and global economy – This unit focuses on government policies, the economy and its indicators and the economics of happiness, limitations of government, international trade and currencies, global and development economics, poverty and inequality and emerging economies (35% of A-Level).

Unit 3 (synoptic) – covers both microeconomics and macroeconomics (30% of A-Level)
Assessment is a mixture of multiple choice, short answer, data response and essay questions.

Future opportunities
Students will be well prepared for courses at university due to the rigorous academic nature of the subject as well as the analytical and logical nature of Economics. Economics will be of particular benefit to degrees in Economics, Business Management, Finance, History, Politics and Mathematics, as well as a range of careers, in particular in finance, banking, trading and management.

Level 3 Business Diploma BTEC (Edexcel)

An established and highly regarded option for KS5 students The Diploma in Business allows students to explore a wide-reaching number of topics across the business spectrum. the key elements of the course are found below:
12 units of work over 2 years (highlighted in the table below)

  • Recognised by Universities and UCAS
  • No exam, wide range of subjects covered including Contract Law, Marketing and Business Finance
  • Typically students outperform target grades. 2014 results showed 50% of students achieved the highest grade available

BTEC

 

BTEC

 

Unit 1

Business Environment

Unit 10

Market Research

Unit 2

Business Resources

Unit 13

Recruitment and selection

Unit 3

Introduction to Marketing

Unit 19

Developing Teams

Unit 4

Business Communication

Unit 21

Aspects of contracts and business law

Unit 5

Business Accounting

Unit 29

Understanding Retailing

Unit 9

Creative Product Promotion

Unit 31

Fashion Retailing



Trips

The Business and Economics department work in conjunction with a number of well-known and established businesses. each year different opportunities arise however we often visit Thorpe park, Harry Potter World, Dell, O2 and take our KS5 students to superb revision conferences offered by Tutor2u!
In addition, students are able to speak with staff directly through Twitter and the school email system to ensure they are fully up to date on work, revision and what is going on in the business world.


For further information regarding our Business and Economics Curriculum please contact:
Mr Comber [email protected]

 


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